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A comment on Stripe Terminal – Programmable point of sale. Parent comment

Re:Stripe Terminal – Programmable point of sale by docker_up on Monday September 17, 2018 @01:22PM (#18007893)
Not if it means having to turn into a bank. The repercussions on their business will be draconian. Although I would be surprised if they haven't already explored or fully gone through a money transmitter license for a subsidiary.
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Re:Stripe Terminal – Programmable point of sale by qaq on Monday September 17, 2018 @02:30PM (#18008599)
Can't they just buy a Bank?
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Re:Stripe Terminal – Programmable point of sale by rossdavidh on Monday September 17, 2018 @02:42PM (#18008730)
Almost certainly they would, and there might be some small banks out there they could buy or merge with. That would get them out of a lot of legal issues, and also buy them some relevant legal expertise.

However, I seem to recall WalMart investigating this option a while back, and it never happened. It may be that the more you look at the option of becoming a bank, the more it looks like it would take over your life/business. Also, there are doubtless many lobbyists who the existing banks employ who would try to stop it.

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Re:Stripe Terminal – Programmable point of sale by qaq on Monday September 17, 2018 @02:54PM (#18008868)
I think the issue is being a bank vs owning a bank.
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