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A comment on VISA Api: The Power of Visa Network Delivered as an API. Parent comment

Re:VISA Api: The Power of Visa Network Delivered as an API by jesseangell on Thursday February 04, 2016 @10:09PM (#11039141)
This product is essentially a gateway. The same that Stripe or Braintree are gateways. They just do a much better job of abstracting the confusion that is payments.

You will still need a merchant account and a processor. A processor is the party that actually handles authorization/settlements between the issuing bank and acquiring banks.

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Re:VISA Api: The Power of Visa Network Delivered as an API by bri3d on Thursday February 04, 2016 @10:22PM (#11039189)
Right - but Square/Stripe/Braintree supply the merchant account and the processor for me, so I can sign up, pay a transparent/upfront fee schedule, and get payments delivered to my (standard checking) account.
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Re:VISA Api: The Power of Visa Network Delivered as an API by jesseangell on Thursday February 04, 2016 @10:28PM (#11039205)
Correct. They're definitely not targeting people that are just beginning to process payments.

Their intention is to likely attract really large merchants/platforms, one way or another.

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Re:VISA Api: The Power of Visa Network Delivered as an API by f3llowtraveler on Saturday February 06, 2016 @12:32PM (#11048687)
VISA is still living in the 20th century.
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