| > You seem to think their behavior will change after an acquisition No. I'm explaining that PayPal as a business has their own risk models and contractual relationships with merchants that allows them to serve these lines of business profitably. This is the reason why PayPal services these businesses in the first place. After a Stripe acquisition, that doesn't change, PayPal's model continues to operate profitably for high risk merchants while Stripe's continues to be risky due to the fact that Stripe is just a payment processor, while PayPal operates more like a bank. > How is PayPal not subject to MC rules when MC is used as a funding source for a PP account that purchases cannabis-adjacent services The card networks establish strategic partnerships with large businesses in order to cater to their needs. Since PayPal has already established a profitable risk model to service these merchants, the card networks are comfortable with more permissive checkout rules since PayPal is contractually on the hook for chargebacks and fraud. > taking a few billions in high-risk money puts their other even-larger billions at risk. How does that money put their larger business at risk? |