This is a really good point. I think payment providers are like utilities these ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		_abox on June 28, 2022 \| parent \| context \| favorite \| on: Mastercard and visa are the de facto regulators of... This is a really good point. I think payment providers are like utilities these days, as cash becomes more obscure in society.

bitreality on June 29, 2022 [–]

This is the reality. Payment processing is a utility. Small businesses literally cannot operate online without payment processing. On first glance there appears to be many third party providers, but ultimately they are all processing Visa/MC, and are selecting customers on the same criteria.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact