Hacker News new | past | comments | ask | show | jobs | submit login

but only 1/4th of VISA, who I think they'll overtake in the next decade or so.



isn't a lot of Stripe's revenue going _through_ VISA? It doesn't seem to me they're replacing them as much as possibly making them more money.

I think PayPal should be the better comparison/overtake target, at 290B.


5 years later: Stripe announces B2C bank account offering, with <unique features X, Y, Z>, including an introductory 5% cashback on anything processed through Stripe.


What is Stripe doing that BoA/Chase/Citi/Capital One/US Bank/Wells Fargo isn’t or can’t?

What are the profit margins on consumer banking? It seems like a commodity product, I expect it to be not amazing (compared to tech companies’ profit margins).

Why would giving 5% cash back solve any of Stripe’s problem? Any of the other banks can do the same now, but they obviously don’t think it’s worth it to lose that much money for customer acquisition, especially when switching costs are so low.


Card networks operate on a completely different set of dynamics than payment processors. You need to convince banks to issue and promote your logo. If you want to become your issuer, you now need to keep credit card debt on your books, not to mention customer acquisition costs in the insane rewards-driven card market.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: