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#onlinepayments — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #onlinepayments, aggregated by home.social.

  1. Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

    In other words, companies are squeezing on chokepoints between you and your bank.

    (2/?)

    #payments #OnlinePayments #ChokePointCapitalism

  2. Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

    In other words, companies are squeezing on chokepoints between you and your bank.

    (2/?)

    #payments #OnlinePayments #ChokePointCapitalism

  3. Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

    In other words, companies are squeezing on chokepoints between you and your bank.

    (2/?)

    #payments #OnlinePayments #ChokePointCapitalism

  4. Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

    In other words, companies are squeezing on chokepoints between you and your bank.

    (2/?)

    #payments #OnlinePayments #ChokePointCapitalism

  5. Klarna raises $460 million, looks to expand its payments presence in the U.S. - Swedish payments provider Klarna has announced a new round of equity funding, adding $60 million at... more: feedproxy.google.com/~r/Techcr #financialservices #venturecapital #onlinepayments #unitedstates #creditcard #ecommerce #chrysalis #dragoneer #payments #funding #economy #payment #credit #europe #klarna #money #auka #bank #tc