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by dangrossman
2649 days ago
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PayPal charges the same 2.9% + $0.30 as Stripe, and 2.7% flat for swiped in-person transactions. They support more countries than any other online payment service. Why would anyone want PayPal to not exist? As for why nobody "dethrones" PayPal, it's because being licensed and regulated in over 200 separate territories, having to become a chartered and fully regulated -bank- in some of them to process payments, is beyond daunting. It requires big backers, big money, a HUGE regulatory compliance staff, and work and processes that take many years to establish. |
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