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 Schnitz on Saturday August 17, 2024 @09:03PM (#41279335)

I think the question you are really asking is if payment rails should be a public utility or publicly owned (government run) service.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by jordanb on Saturday August 17, 2024 @09:06PM (#41279353)

This is basically what FedNow is.

You've probably heard a lot of really bad things about it. The people who say these things probably are incentivized to do so.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by drstewart on Saturday August 17, 2024 @09:13PM (#41279388)

This is the opposite of what iDEAL is, since it's privately owned by a consortium of banks (https://en.wikipedia.org/wiki/Currence).

You've probably heard a lot of really good things about it. The people who say these things probably are incentivized to do so.

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