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  • Hacker News
  • I've deleted my PayPal account last year and haven't regretted it. Admittedly it helped a lot that I live in Norway now where everyone uses Vipps (which is so much better), and PayPal is not a thing at all.
    by stefandesu
  • I've been wondering about this since it came up in my newsreader that they wanted to acquire PayPal. Seemed like odd timing to me given PayPal has been questionable but necessary in a lot of cases for online businesses in international payments.

    In Canada, we use Interac for more ordinary payments between ourselves, and the usual credit cards through card processors like Moneris or bank provided services in physical stores. I can imagine fewer uses for PayPal as time goes on, especially with the accelerated change driven by geopolitics. Visa and Mastercard may be at risk internationally for other countries seeking to keep payment processing entirely in their own yard.

    This matter in particular made me wonder how things will go for Stripe going forward with these policy changes that may impact credit cards.

    I'd love to delete my PayPal account and never log in again, but the use case for me right now is mostly that companies (outside Canada, and outside NA in most cases) usually only accept payment with PayPal.

    by ocd
  • 6 months ago: Stripe reportedly makes offer to acquire PayPal https://news.ycombinator.com/item?id=47144064

    1 month ago: Stripe and Advent have made a joint offer to acquire PayPal – sources https://news.ycombinator.com/item?id=48915953

    by ChrisArchitect
  • Who uses PayPal any more? I do.

    I have a side business that makes a gadget, akin to a guitar pedal. It has worked flawlessly for me, for well over a decade. Occasionally I casually search for an alternative (to have a backup) but have never found one.

    PP lets me accept payments from a completely passive website. No code! While I love coding, maintaining an active web page is a cost. My IT costs are zero.

    I think PP's buyer protections help my business too, by letting people feel confident that they can cancel a deal, and that I don't get any of their personal information except their shipping address. I don't want that information, and I don't want to be responsible for keeping it secure.

    by analog31
  • Makes sense:

    > The takeover interest has helped it recover, with PayPal shares jumping more than 40% this quarter to give the company a market value of about $52.6 billion.

    Seems like they tried to buy a struggling company and leaks of the talks made it too expensive.

    by tyre
  • Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
    by rekttrader
  • PayPal might still be the sweetheart, but there's no innovation I feel. With eBay having CC support and being able to charge and return a charge back to the card, PayPal now is in a niche. I'm helping a founder recruit. To handle the load of candidates, we give folks applying some $ for doing a small 1hr project, and Claude told me that PayPal may still be universal way of sending a "gift amounts". I often wonder how much work would it be to bring IBAN accounts to the US. The need for Zelle baffles me, and the fact that person A can't send $ to person B via normal bank infrastructure is interesting.
    by wkoszek
  • I like to think Stripe put $50B in a paypal account, and they got locked out with no way to get it back.
    by c16

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