1986 · 125 points · 127 comments · il y a 6 heures · Open original
https://archive.ph/qdE54
Comments
5 preview comments · loading full thread
Log in to use comments
Log in to h4cker, then connect Hacker News to publish comments.
C1c16il y a 5 minutes
I like to think Stripe put $50B in a paypal account, and they got locked out with no way to get it back.
WKwkoszekil y a 1 heure
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.
STstefandesuil y a 15 minutes
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.
TYtyreil y a 2 heures
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.
RErekttraderil y a 5 heures
Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
Comments
5 preview comments · loading full threadLog in to h4cker, then connect Hacker News to publish comments.
I like to think Stripe put $50B in a paypal account, and they got locked out with no way to get it back.
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.
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.
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.
Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.