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A comment on Stripe raises $600M at nearly $36B valuation. Parent comment

Re:Stripe raises $600M at nearly $36B valuation by thesimon on Thursday April 16, 2020 @05:23PM (#22893722)
>or maybe banks colluding to protect their interests?

Mostly banks and retailers colluding together to use a cheap domestic-only POS-only scheme (think Przelewy24, but offline or LINK but at POS).

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Re:Stripe raises $600M at nearly $36B valuation by rswail on Friday April 17, 2020 @12:04AM (#22896098)
Hardly "collusion" that most nations have some form of debit payment system that is independent of the Visa/MC networks.
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Re:Stripe raises $600M at nearly $36B valuation by lxgr on Friday April 17, 2020 @11:12AM (#22899680)
Yes, but in most countries, such debit cards are co-branded with Visa or Mastercard to make them usable abroad or online.

In Germany, most banks still see these use cases as an opportunity to upsell their loyal customers on their expensive credit card products (not in terms of interest really, but rather because of high monthly and foreign use fees).

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