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A comment on Visa, Mastercard mull increasing fees for processing transactions: WSJ. Parent comment

Re:Visa, Mastercard mull increasing fees for processing tran... by docker_up on Friday February 15, 2019 @04:25PM (#19174877)
You don't understand payments if you think they can just replace Visa/Mastercard. The whole value add of Visa/Mastercard is the networks they have with the hundreds of thousands of banks, etc, which Stripe doesn't have.
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Re:Visa, Mastercard mull increasing fees for processing tran... by ElatedOwl on Friday February 15, 2019 @05:14PM (#19175215)
Stripe as an acquirer does have bank relationships. Visa isn't paying the merchant directly.
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Re:Visa, Mastercard mull increasing fees for processing tran... by abalone on Friday February 15, 2019 @07:25PM (#19176077)
Different kind of bank relationship. There are two banking roles involved in card networks: merchant acquirers and consumer card issuers. Visa/MC are the intermediary between them.

Stripe only partners with a merchant acquirer bank. To replace Visa/MC they'd also have to get into the card issuing side of things: get a bank or banks to issue "Stripe cards" and get merchants to start accepting them.

[ Parent | on HN ]