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thenewgreen · 4844 days ago · link · · parent · post: PayPal to be accepted at 15 major retail chains
Credit card processing companies should be terrified of this. Aggregators like PayPal and Square are fundamentally changing the industry.
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thenewgreen · 4844 days ago · link ·
That's what I mean, I don't think the issuers should be nervous. That said, many banks will leverage processing as part of their entire "package" with a merchant. They will give away a loan at a very aggressive rate but squeeze them on their processing fees or vice versa. It will take a bargaining component away from them.
The individual processing companies should be worried though. Their days are numbered IMO.