Re:Stripe Terminal – Programmable point of sale
by n3d1m on Monday September 17, 2018 @12:45PM
(#18007536)
Nothing stopping them. And I wish they would. The MC/Visa duopoly needs to be disrupted.
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Re:Stripe Terminal – Programmable point of sale
by Sir_Cmpwn on Monday September 17, 2018 @01:13PM
(#18007810)
What, and replaced with another monopoly?
Re:Stripe Terminal – Programmable point of sale
by jimnotgym on Monday September 17, 2018 @01:33PM
(#18008001)
Or a duopoly of Stripe and Applepay?
Re:Stripe Terminal – Programmable point of sale
by Silhouette on Monday September 17, 2018 @01:11PM
(#18007797)
The MC/Visa duopoly needs to be disrupted.
Yes, but not by anything even vaguely resembling credit cards as we know them today. The whole system is insecure, inefficient and unreliable by design, and the credit aspect introduces an extra level of legal and financial mess, particularly for those people who just want a convenient payment method but don't actually need to defer settlement. Card payments may be the perfect example of the dangers of monopolies and oligopolies.
Re:Stripe Terminal – Programmable point of sale
by jjeaff on Monday September 17, 2018 @10:45PM
(#18012061)
>nothing is stopping them.
I'm guessing their Network agreements with Visa and MasterCard would stop them. You could issue a stripe card that only works with stripe merchants. But I can't imagine visa allowing their imprint on a card that can both process anywhere AND be used to slowly cut visa out of the picture.