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PayPal doesn’t seem like a monopoly. Merchants can offer multiple payment processors, and customers can use a different one for each purchase without any lock-in. PayPal has strong competitors like Stripe and even Apple. They also lost their flagship client, eBay.

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In some ways they are for consumer products. There is some percentage of people that won’t buy at all without the option. Then a much bigger percent that will still buy but prefer to use PayPal if you give the option.

In fairness, I still wouldn't call that a monopoly, just a popular choice.

I mean, I know some people who won't drink soft drinks unless it's specifically Coca-Cola and know a lot of people who'll pick Coke as their first choice but they clearly don't a monopoly on cola drinks.

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