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- Hacker News
- Such a shame they didn't do anything with Braintree years ago and just let it rotby iSloth
- Braintree has Discord as a customer, they don't need anyone else.by LoganDark
- I remember when it came out they promised crypto payments and what not and then it never actually delivered anything else than being another confusing option to use PayPalby herbst
- There is us fair competition law Sherman anti trust act laws. "is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce and consequently prohibits unfair monopolies"by acd
- PayPal is dying and not that slowly. It's being replaced by Stripe, Adyen, Checkout.com, Apple Pay, Google Pay... etc. margins continue to decrease with no real moat to rising competition. Eventually it will just be Venmo and Braintree left and PayPal will be a company like Western Union that people used to need, but now is mostly used by scammers... They completely squandered their spin off from eBay and acquired terrible companies along the way that didn't pan out really even one time. I wouldn't pay $25B for them. You're buying a depreciating asset.
- Venmo is owned by PayPalby LoganDark
- Thank God because Paypal has routinely been one of the shittiest internet companies to ever existby 93po
- 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 choose to go through the hoops of doing a bank transfer than through PayPal, if these two are the only options. It’s practices over the years are just terrible.by freehorse
- Do you never order stuff online from outside of scandinavia? I've used it extensively for over a decade with zero issues and still find it the best payment method for online shopping if you are a consumer. You only need an email to send money everywhere in the world and almost everyone supports it. No need to hand out your actual credit card or banking info to random websites with questionable security. And if you do get scammed, it's trivial to get your money back. So I totally understand some small merchants who don't want to receive from papal, but I don't understand why a consumer would not want it.by sigmoid10
- 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
- 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 - In France, most online shops offer Paypal and I use it all the time.by ekabod
- I'm a customer of Stripe. But I prefer to pay using these in order - Apple Pay, PayPal, Google Pay, Stripe, enter card into site.
The Stripe interface with Link and whatnot is slick but it feels like I'm giving my credit card over to the merchant even though I know I'm not.
by jmathai - I absolutely drop quite a bit of guard if PP G&S is an option. A lot of that being because I have been on the other side (seller, selling digital goods such as dev and design) and have seen how quick PP is to yank those funds back.
Is that a good thing, or is it crazy that such a simple concept (if consumer claims they don't get a product, you provide proof of delivery or we take the money back) has been almost unique to PP for so long?
by scrapcode - 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 - PayPal is very big in some countries.by cubefox
- It's not a struggling company. I run an e-commerce website. I give people the option to use either Stripe or PayPal. I would say it's a 50 50 split. The company is making $5 billion in profit a year. What's wrong with people?by johnwheeler
- 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 is still the default processor in so many places. That's got to be worth something. Every other time I buy something online, PayPal is the default option.by inigyou
- Elon bought a dead social network and look at him go! But seriously, I log into paypal once a month to pay my landlord. I am a MAU. That is crazy. It’s more then I can say for ABNB. Maybe they should buy Paypal. Save on those transaction fees.by enos_feedler
- Most of the banks around the world are still running on old tech. Not so long ago I remember one was still using Cobol.by meerita
- I honestly wish they could've succeeded because PayPal is one of the banes of my existence. They're one of those faceless corporations that accuse everyone of money laundering in order to steal their shit.by LoganDark
- Can folks responding to this comment claiming that they see PayPal a lot provide some details? Country, industry, sector, something. I'm in the US and I basically never see it on e commerce checkout flows any more (and good riddance IMO).by cbdumas
- Curious to hear from someone who watches this space. What makes them dead?
It's still the only consistently supported thing I encounter online.
I'm aware things like Wero are poised to shake things up, but still have no real idea about timeline and impact.
by sho_hn - 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 often wonder how much work would it be to bring IBAN accounts to the US
It is 2026, in USA people are not having access to IBAN in their bank accounts, usually they have to be personally present for international transfers out of their accounts and everyone have a checkbook.
by general1465 - I've always been baffled when friends return from the US talking about how hard it was to simply move dollars from one person to the other without using hard currency, how is this a thing in the modern world?by featwanz
- For as long as criminals believe they can hide in relative anonymity (e-mail, stolen CC and burner phone being sufficient authorization) and high volume of transactions PayPal will remain with us. It’s a great way to do small cash like transactions without going to crypto. Some crimes still need to source cash.by MASNeo