Hacker News Reader

I hear you on that. I guess it depends how narrowly one defines market. And I guess the more narrowly one defines it, the harder it is to justify a valuation.

That being said, I suspect my downvotes were a function of Jack Dorsey fanboys knee-jerking more so that my overly broad definition of the payments market.

View on HN

Actually, Stripe's market is smaller than Square's. But these business models will never capture a large percentage of their respective markets anyway due to the high rates (negotiating with an acquirer can get you almost 50% less than their rates). After all, "Simple Pricing" is not as good as it sounds. Why pay 2.9% on a 0.05% debit card for the sake of simplicity? I'm sure Excel can handle these variations. This is an unfortunate consequence of the inefficiencies of that industry.

No, I think it was just sort of an ill-informed, senseless and inaccurate comment.

You're a loser.

Reply on news.ycombinator.com