I'm not a fan of either to be honest, PayPal once told me I was wrong with something related to taxes and a bunch of different reps told me what I was saying and reported was impossible. Their tax division specialists also replied by email with big bold red letters outlining how it's not possible and that I'm wrong multiple times. They were contacted through support cases I opened with other reps on the phone since they aren't directly accessible on phone.

Then I said I was canceling my account with them if this wasn't resolved since it would have resulted in me needing to pay $400 to have my taxes amended. Long story short, after being ghosted for 3 months they replied to me saying I was right and they indeed had the impossible problem, then fixed their tax forms a week before taxes were due.

It's really bad that a random person on the internet discovered a huge issue with one of their partners and their instinct was to require ~10 hours of back and forth phone calls, multiple emails, me giving them the likely problem and solution on day 1 only to be lead on and ignored for months until the very last second.

Consolidation in this industry puts my ability to transmit money at greater risk.

It doesn't have assets? It's not a bank

Is it because PayPal is integrated already into so many websites?

Wouldn't it take decades to make back $50 Billion in fees?

The more time goes on, I'm starting to come around to paypal's original vision of decentralized internet-native money as being the future.

The more the international system breaks down and countries abuse their power via the banking system (especially the US, and from both parties), my opinion of cryptocurrencies transitions from "annoying scam infrastructure for hucksters" to "actually...you might have a point." Still a ton of growing up that needs to be done by the industry.

But no company or country should be able to tax the global economy via payments monopoly and you should not be able to be arbitrarily banned from the economy by these global supra-national intermediaries that have no court system and no democratic levers to pull to reign in their overreach in your country outside of desperate social media posts.

Stripe brags incessantly about how much of global GDP they facilitate...which, cool. I don't doubt there's an insane amount of work required to herd all those global cats and make payments just work. But, they're literally taxing the entire world as a % of GDP due to this dystopian legacy system? Is that the best outcome for humanity?

Cool, awesome, that's gonna be a great monopolistic picture for those that get unbanked across the entire Internet.

Then Stripe have historically been pro-Palestine but recently Collison has taken part in Israeli propaganda [2].

Can't wait for these two evil companies to team up.

[1] https://paypal.7amleh.org/ [2] https://www.middleeasteye.net/live-blog/live-blog-update/cal...

haven't been following the drop because otherwise I thought that Paypal was more valuable than Stipe + Advent combined (which seems to have previously been the case) - and so I would have thought Paypal would have been buying the other companies and that this was some weird way to try to devalue a competitor by offering to buy them