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A comment on Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?.

Re:Do we need to pay billions in fees to Stripe, Block, PayP... by abeppu on Saturday August 17, 2024 @04:03PM (#41277496)
You're naming these companies that facilitate money moving in specific ways, but you could also zoom out and include a lot of banking which either serves to move money between parties or across space or time.

So I guess one question is: as credit unions are to banks, what missing organization type needs to exist as a counterpoint to payment services, which could return excess to owner-users?

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by jahabrewer on Saturday August 17, 2024 @07:08PM (#41278779)
I'm a credit union member and... idk I've become disillusioned. Their products and rates are consistently worse than national banks. I won't feel like I'm sharing in anything. The execs seem to get good comp though.
[ Parent | on HN ]