saltybit Posted July 7, 2015 Share Posted July 7, 2015 Paypal also has Braintree. Braintree processes payments for many of the new "sharing economy" startups. (Uber and Airbnb for example) Link to comment Share on other sites More sharing options...
DeepSouth Posted July 7, 2015 Share Posted July 7, 2015 Paypal also has Braintree. Braintree processes payments for many of the new "sharing economy" startups. (Uber and Airbnb for example) and Braintree had previously purchased Venmo as well for some lowly sum Link to comment Share on other sites More sharing options...
junto.investing Posted July 8, 2015 Author Share Posted July 8, 2015 How much of an opportunity is there to reduce expenses? When MA and V went public this was a huge source of value creation. As independent companies they were able to drastically reduce expenses. Revenue grew and continues to grow at a faster clip than expenses. In each of the past two years PYPL has grown revenue by 19%. But expenses have grown at roughly the same pace, 17% and 19%. This might just be a result of being trapped inside of eBay. I'd have to think there's an opportunity to reduce or stabilize expenses, which would make current valuation much more attractive. Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted July 26, 2015 Share Posted July 26, 2015 How much of an opportunity is there to reduce expenses? When MA and V went public this was a huge source of value creation. As independent companies they were able to drastically reduce expenses. Revenue grew and continues to grow at a faster clip than expenses. In each of the past two years PYPL has grown revenue by 19%. But expenses have grown at roughly the same pace, 17% and 19%. This might just be a result of being trapped inside of eBay. I'd have to think there's an opportunity to reduce or stabilize expenses, which would make current valuation much more attractive. I'm just spitballing, but maybe PYPL doesn't have operating leverage like V/MA. Their network has significantly more nodes (100's of mm's vs 100's of k's for V/MA) so they might have to increase staff proportionally with their user growth. Is their revenue growth primarily due to an increase in users or rev/user? What could cause rev/user or txns/user to increase? I'm starting to agree with others that I'm not sure how PYPL can grow as fast in the future without focusing on getting more commercial customers. Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted July 26, 2015 Share Posted July 26, 2015 How much of an opportunity is there to reduce expenses? When MA and V went public this was a huge source of value creation. As independent companies they were able to drastically reduce expenses. Revenue grew and continues to grow at a faster clip than expenses. In each of the past two years PYPL has grown revenue by 19%. But expenses have grown at roughly the same pace, 17% and 19%. This might just be a result of being trapped inside of eBay. I'd have to think there's an opportunity to reduce or stabilize expenses, which would make current valuation much more attractive. I'm just spitballing, but maybe PYPL doesn't have operating leverage like V/MA. Their network has significantly more nodes (100's of mm's vs 100's of k's for V/MA) so they might have to increase staff proportionally with their user growth. Is their revenue growth primarily due to an increase in users or rev/user? What could cause rev/user or txns/user to increase? I'm starting to agree with others that I'm not sure how PYPL can grow as fast in the future without focusing on getting more commercial customers. They have variable costs because they need to hire more staff to provide customer service. Their fixed costs are in developing technology (and business processes). On that side they should get fixed cost leverage. They might also get some leverage from marketing, as Paypal pays money upfront to acquire new customers (e.g. promotions for retail customers to pay with Paypal online, to pay with Paypal at point of sale, etc. etc.). Paypal's revenues may be going up because it is branching out into a lot of other somewhat similar businesses. - Traditionally, they did eBay payments. - They are strong in payment processing for credit cards. They competed with Digital River (now private), Google Checkout, etc. etc. in that space. I sell software on a website and I've used Paypal for my payment processing. Paypal is a partner of Visa and Mastercard in this area. - The payment processing is also tied to EFT payments from a bank account. Paypal tries really hard to get retail consumers to pay with their bank account rather than with a credit card, when the retail consumer is buying from a business that uses Paypal's payment processing. - Point of sale. Competing with V, MA, debit systems, (Apple pay), etc. etc. - Other??? Link to comment Share on other sites More sharing options...
DTEJD1997 Posted October 8, 2015 Share Posted October 8, 2015 Hey all: Paypal just made some seismic shifts in their business model.... They now only have ONE fee level for accepting payments. It is now 2.9%. Previously, their were different tiers, with some being as low as 1.9%. On the surface, this does not sound like that big a change. HOWEVER, if you are running a business that uses Paypal as your payment processor, AND you are doing hundreds of thousands or millions annually in payments, this makes a HUGE difference in your business model. I received literature and spoke with PYPL at length about this and it was explained that they HAD to implement this as they have had tremendous losses due to fraud. I can attest to this. I have had NUMEROUS fraudulent purchases take place over the past year or so. There is one item I sell that is somehow especially attractive to fraudsters. Paypal has made good on EVERY instance, but it cost them several thousand dollars. I have even gone so far as to alert them to possible suspicious transactions...but neither Ebay NOR Paypal seems especially concerned about it. The main concern of Ebay & Paypal is that items are shipped out within 24 hours. There is almost no concern about fraud. So if they are not concerned by fraud, why should I be? After going back & forth with them about suspected fraud, I am no longer worried about it. That is their job... Too bad they had to raise rates... Link to comment Share on other sites More sharing options...
DTEJD1997 Posted October 8, 2015 Share Posted October 8, 2015 Hey all: One point I forgot to mention... I have been selling on Ebay since the 90's and have also been using Paypal for that time frame. There has always been attempted fraud & fraud on both Ebay & Paypal. In the past, 90% of the time it has been EXCEEDINGLY easy to spot & counteract. Most fraud attempts were amateur hour attempts and could easily be dealt with. Just over a year ago, things changed significantly. At first, the fraud was almost impossible to spot. Now that it has happened many, many times, it is MUCH easier for me to spot. There are certain commonalities to most fraudulent transactions. HOWEVER, you have to have your "thinking cap" on to spot it. I strongly suspect that Paypal has had their data base compromised by hackers. Same thing with Ebay. This new wave of fraudsters is quite sophisticated.... Link to comment Share on other sites More sharing options...
Jurgis Posted October 8, 2015 Share Posted October 8, 2015 Perhaps OT: can you elaborate on how the fraud happens? My simplistic understanding is that buyer pays by Paypal, then you ship the item. How does the fraud occur? Does Paypal tell you that the payment was fraudulent and buyer did not actually have money (used stolen account)? Does the buyer try to revert transaction by saying that they did not receive item or the item was broken? Can you provide some more details? Thanks Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted October 8, 2015 Share Posted October 8, 2015 DTEJD1997, great posts. I strongly suspect that Paypal has had their data base compromised by hackers. Same thing with Ebay. This new wave of fraudsters is quite sophisticated.... There could be different ways that bad actors can get somebody's Paypal or Ebay login: 1- Phishing scams. 2- A lot of people will use the same email / password combination over different sites. So, if some other database is compromised (forums, LinkedIn, Ashley madison, etc.) then their Ebay or Paypal account could also be compromised. If Ebay was smart, they could look at changes in the user's IP as a red flag. I believe Paypal does this already because some Steam users report getting their Paypal account frozen when they traveled internationally (false positive). Link to comment Share on other sites More sharing options...
DTEJD1997 Posted October 8, 2015 Share Posted October 8, 2015 Perhaps OT: can you elaborate on how the fraud happens? My simplistic understanding is that buyer pays by Paypal, then you ship the item. How does the fraud occur? Does Paypal tell you that the payment was fraudulent and buyer did not actually have money (used stolen account)? Does the buyer try to revert transaction by saying that they did not receive item or the item was broken? Can you provide some more details? Jurgis: I am selling a wide variety of things on Ebay...but 95%+ of the fraud is occurring with one item. It is a mid-range Intel processor. Very nice piece of equipment that sells for about $400. A fraudulent buyer will hijack an Ebay account (or set up a fraudulent one). They then have compromised Paypal somehow by having "verified" shipping addresses. How EXACTLY they do this, I am unsure. Perhaps they get a fraudulent address strictly for this purpose. They then purchase items, have them shipped to the verified address. Some time later the real owner of the account says it is fraud & then disputes the charge. I will ONLY ship to verified addresses. I am thus protected by Paypal. This has not been an insignificant expenses for them in the past year. It is easily approaching $10k for me alone that Paypal has had to reimburse in the past year or so. I also STRONGLY suspect I am not the only seller targeted by scammers. In the past, scammers did not have the verified address through Paypal. NOW THEY DO. I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. A lot of this fraud is caught in a few days when the card holder notices a $400 transaction for an Intel processor they never bought. So, it would be beneficial for Ebay & Paypal to investigate these type of transaction more thoroughly...but they aren't concerned. Another problem is that Ebay may be set up for a class action lawsuit. They are currently charging sellers fees for the fraudulent transactions. When I pressed them on this, Ebay's response is that I owe the money as I have been reimbursed by Paypal. The problem is that Ebay cannot and should be profiting of off fraudulent transactions. It was not a legitimate transaction, thus they should not get revenue from it.... Link to comment Share on other sites More sharing options...
Jurgis Posted October 9, 2015 Share Posted October 9, 2015 Thank you. Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted October 9, 2015 Share Posted October 9, 2015 I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. This is why I thought that the spinoff was a questionable idea. A- Who eats the cost of the fraud? Paypal and Ebay will try to dump the costs onto the other party. B- Who eats the cost of investigating fraud, providing customer service (for legit users who are on the other side of fraudulent transactions or have their accounts frozen due to false positives), etc. etc. And as you point out, Ebay/Paypal is not doing enough to reduce their fraud-related costs. They should allow their employees to put the transaction on hold, freeze the funds (so the seller can't touch them), and investigate. (The problem with giving employees too much power is that they can find ways to steal from their employer. For example, if employees find a way to see address verification codes, they can help their buddies verify addresses that shouldn't be verified.) If you report a suspicious transaction, Ebay should try to contact the buyer to see if they intended on purchasing the seller's item. Link to comment Share on other sites More sharing options...
krazeenyc Posted October 9, 2015 Share Posted October 9, 2015 I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. This is why I thought that the spinoff was a questionable idea. A- Who eats the cost of the fraud? Paypal and Ebay will try to dump the costs onto the other party. B- Who eats the cost of investigating fraud, providing customer service (for legit users who are on the other side of fraudulent transactions or have their accounts frozen due to false positives), etc. etc. And as you point out, Ebay/Paypal is not doing enough to reduce their fraud-related costs. They should allow their employees to put the transaction on hold, freeze the funds (so the seller can't touch them), and investigate. (The problem with giving employees too much power is that they can find ways to steal from their employer. For example, if employees find a way to see address verification codes, they can help their buddies verify addresses that shouldn't be verified.) If you report a suspicious transaction, Ebay should try to contact the buyer to see if they intended on purchasing the seller's item. Paypal is actually fairly annoying sometimes about their fraud protection. Generally they are very buyer friendly but will also protect sellers who follow their procedures by dotting their i's and crossing their t's. DTEJD1997 -- fraudsters will always find new ways to steal and paypal will always have to react to this -- this is the cat and mouse game for any payment processor. It seems that fraudulent transactions are at 0.08-0.12% of total values of sales -- is that too much -- I don't know -- but it doesn't seem out of control. Of course, like others have said, it's always a balance between ease of use/popularity vs fraud protection. Link to comment Share on other sites More sharing options...
DTEJD1997 Posted October 9, 2015 Share Posted October 9, 2015 I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. This is why I thought that the spinoff was a questionable idea. A- Who eats the cost of the fraud? Paypal and Ebay will try to dump the costs onto the other party. B- Who eats the cost of investigating fraud, providing customer service (for legit users who are on the other side of fraudulent transactions or have their accounts frozen due to false positives), etc. etc. And as you point out, Ebay/Paypal is not doing enough to reduce their fraud-related costs. They should allow their employees to put the transaction on hold, freeze the funds (so the seller can't touch them), and investigate. (The problem with giving employees too much power is that they can find ways to steal from their employer. For example, if employees find a way to see address verification codes, they can help their buddies verify addresses that shouldn't be verified.) If you report a suspicious transaction, Ebay should try to contact the buyer to see if they intended on purchasing the seller's item. Both Ebay & PayPal will investigate suspect transaction. PayPal more often than Ebay...but they catch MAYBE 15% of fraudulent transaction before there is a problem. PayPal seems to be a MUCH more professional organization than Ebay. Ebay has off-shored most of their customer support. I have found this to be annoying and frequently COMPLETELY ineffectual. The customer service reps in Asia will try their best...but they frequently have trouble picking up on subtleties or cultural factors. For example, Ebay once tried to deny a claim because I didn't ship to the right address. What happened was two cities shared the same zip code and the 2nd city was coming up on the delivery confirmation. Same name, same address, same state, same zip code....Asian customer service declined the claim. I escalated the claim and USA service rep understood immediately and ruled in my favor. As to costs, Paypal is trying to make the user eat the cost of fraud by raising the rates. For me, that will significantly cut into my profit. 1% of gross sales is quite a bit, as I sell primarily high dollar items. The other disturbing thing about this fraud is that I don't think PayPal is aggressively pursuing this. They have admitted as such when i have pressed some of the customer service reps. One example....I asked if I should contact the local law enforcement where the stolen processor went to. PayPal says no. I ask what the procedure is....Rep responds that they will provide information to law enforcement if asked. Q: How often does that happen? A: laughs. Of all the fraud that has taken place, NO law enforcement has contacted me. Paypal has never followed up or asked for more information....NOTHING has ever been asked or action taken (that I am aware of). So I have to question how much fraud is actually prosecuted/shut down. My guess is that virtually none is. A real shame... Link to comment Share on other sites More sharing options...
DTEJD1997 Posted October 9, 2015 Share Posted October 9, 2015 I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. This is why I thought that the spinoff was a questionable idea. A- Who eats the cost of the fraud? Paypal and Ebay will try to dump the costs onto the other party. B- Who eats the cost of investigating fraud, providing customer service (for legit users who are on the other side of fraudulent transactions or have their accounts frozen due to false positives), etc. etc. And as you point out, Ebay/Paypal is not doing enough to reduce their fraud-related costs. They should allow their employees to put the transaction on hold, freeze the funds (so the seller can't touch them), and investigate. (The problem with giving employees too much power is that they can find ways to steal from their employer. For example, if employees find a way to see address verification codes, they can help their buddies verify addresses that shouldn't be verified.) If you report a suspicious transaction, Ebay should try to contact the buyer to see if they intended on purchasing the seller's item. Paypal is actually fairly annoying sometimes about their fraud protection. Generally they are very buyer friendly but will also protect sellers who follow their procedures by dotting their i's and crossing their t's. DTEJD1997 -- fraudsters will always find new ways to steal and paypal will always have to react to this -- this is the cat and mouse game for any payment processor. It seems that fraudulent transactions are at 0.08-0.12% of total values of sales -- is that too much -- I don't know -- but it doesn't seem out of control. Of course, like others have said, it's always a balance between ease of use/popularity vs fraud protection. Perhaps I am selling the wrong items! For me, fraud is much, much higher than the figures you are quoting... I have not lost a penny, as I follow procedures to a "T". I also suspect that overall fraud is much higher than those figures, as PayPal has effectively raised the rates. Link to comment Share on other sites More sharing options...
gokou3 Posted October 9, 2015 Share Posted October 9, 2015 I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. This is why I thought that the spinoff was a questionable idea. A- Who eats the cost of the fraud? Paypal and Ebay will try to dump the costs onto the other party. B- Who eats the cost of investigating fraud, providing customer service (for legit users who are on the other side of fraudulent transactions or have their accounts frozen due to false positives), etc. etc. And as you point out, Ebay/Paypal is not doing enough to reduce their fraud-related costs. They should allow their employees to put the transaction on hold, freeze the funds (so the seller can't touch them), and investigate. (The problem with giving employees too much power is that they can find ways to steal from their employer. For example, if employees find a way to see address verification codes, they can help their buddies verify addresses that shouldn't be verified.) If you report a suspicious transaction, Ebay should try to contact the buyer to see if they intended on purchasing the seller's item. Paypal is actually fairly annoying sometimes about their fraud protection. Generally they are very buyer friendly but will also protect sellers who follow their procedures by dotting their i's and crossing their t's. DTEJD1997 -- fraudsters will always find new ways to steal and paypal will always have to react to this -- this is the cat and mouse game for any payment processor. It seems that fraudulent transactions are at 0.08-0.12% of total values of sales -- is that too much -- I don't know -- but it doesn't seem out of control. Of course, like others have said, it's always a balance between ease of use/popularity vs fraud protection. Perhaps I am selling the wrong items! For me, fraud is much, much higher than the figures you are quoting... I have not lost a penny, as I follow procedures to a "T". I also suspect that overall fraud is much higher than those figures, as PayPal has effectively raised the rates. I am sure high-value items have fraud rates way higher than the 0.12%. "A friend" used to sell cellphones a few years back. He received suspicious buyer inquiries / purchases all the time. Link to comment Share on other sites More sharing options...
longtermdave Posted October 9, 2015 Share Posted October 9, 2015 Perhaps OT: can you elaborate on how the fraud happens? My simplistic understanding is that buyer pays by Paypal, then you ship the item. How does the fraud occur? Does Paypal tell you that the payment was fraudulent and buyer did not actually have money (used stolen account)? Does the buyer try to revert transaction by saying that they did not receive item or the item was broken? Can you provide some more details? Jurgis: I am selling a wide variety of things on Ebay...but 95%+ of the fraud is occurring with one item. It is a mid-range Intel processor. Very nice piece of equipment that sells for about $400. A fraudulent buyer will hijack an Ebay account (or set up a fraudulent one). They then have compromised Paypal somehow by having "verified" shipping addresses. How EXACTLY they do this, I am unsure. Perhaps they get a fraudulent address strictly for this purpose. They then purchase items, have them shipped to the verified address. Some time later the real owner of the account says it is fraud & then disputes the charge. I will ONLY ship to verified addresses. I am thus protected by Paypal. This has not been an insignificant expenses for them in the past year. It is easily approaching $10k for me alone that Paypal has had to reimburse in the past year or so. I also STRONGLY suspect I am not the only seller targeted by scammers. In the past, scammers did not have the verified address through Paypal. NOW THEY DO. I have contacted Paypal SEVERAL times when I have detected a strongly suspect transaction...but they don't seem to care. Ebay most certainly does not care either. THEY (Ebay & Paypal) WANT THE ITEM SHIPPED IMMEDIATELY. A lot of this fraud is caught in a few days when the card holder notices a $400 transaction for an Intel processor they never bought. So, it would be beneficial for Ebay & Paypal to investigate these type of transaction more thoroughly...but they aren't concerned. Another problem is that Ebay may be set up for a class action lawsuit. They are currently charging sellers fees for the fraudulent transactions. When I pressed them on this, Ebay's response is that I owe the money as I have been reimbursed by Paypal. The problem is that Ebay cannot and should be profiting of off fraudulent transactions. It was not a legitimate transaction, thus they should not get revenue from it.... Sorry this isn't directly related to the investment, but I've been pulled into this situation recently and would like your perspective. My identity was stolen and used to set up credit card accounts, a bank account, and then used to buy a laptop from Ebay using a PayPal account in my name, but not using my actual PayPal account. They had the item shipped to my home, which was my first indication that something odd was going on. The only thing I and the police could think of was that they hoped to pick up the laptop from my front door before I noticed. Do you know of any other ways they may have profited from this? I can't think of another angle where they might profit from the fraud. Link to comment Share on other sites More sharing options...
Jurgis Posted October 9, 2015 Share Posted October 9, 2015 Sorry this isn't directly related to the investment, but I've been pulled into this situation recently and would like your perspective. My identity was stolen and used to set up credit card accounts, a bank account, and then used to buy a laptop from Ebay using a PayPal account in my name, but not using my actual PayPal account. They had the item shipped to my home, which was my first indication that something odd was going on. The only thing I and the police could think of was that they hoped to pick up the laptop from my front door before I noticed. Do you know of any other ways they may have profited from this? I can't think of another angle where they might profit from the fraud. They might be newb/careless/stupid fraudsters who forgot to change shipping address. Link to comment Share on other sites More sharing options...
longtermdave Posted October 9, 2015 Share Posted October 9, 2015 Sorry this isn't directly related to the investment, but I've been pulled into this situation recently and would like your perspective. My identity was stolen and used to set up credit card accounts, a bank account, and then used to buy a laptop from Ebay using a PayPal account in my name, but not using my actual PayPal account. They had the item shipped to my home, which was my first indication that something odd was going on. The only thing I and the police could think of was that they hoped to pick up the laptop from my front door before I noticed. Do you know of any other ways they may have profited from this? I can't think of another angle where they might profit from the fraud. They might be newb/careless/stupid fraudsters who forgot to change shipping address. I thought of that too...or that someone just doesn't like me and wanted to cause some problems. Link to comment Share on other sites More sharing options...
krazeenyc Posted October 9, 2015 Share Posted October 9, 2015 Remember the 0.08-0.12% applies to total transaction value across all of paypal (probably fraud is decreased due to p2p transactions and other types of transions where there isn't fraud). Their online fraud rate for e-commerce transactions is 0.41% according to this article -- http://www.computerweekly.com/feature/PayPal-security-measures-help-stamp-out-fraud. According to some other data, it seems that higher priced goods have more fraud -- items over $400 have 25% more fraud. But everywhere I've read their rate of fraud is significantly less than standard credit card transactions. I bet if you do a lot of international sales to certain countries you'll have a higher rate of fraud than just sales in U.S. Link to comment Share on other sites More sharing options...
merkhet Posted October 17, 2015 Share Posted October 17, 2015 Hey all: Paypal just made some seismic shifts in their business model.... They now only have ONE fee level for accepting payments. It is now 2.9%. Previously, their were different tiers, with some being as low as 1.9%. That seems quite high compared to other payment systems. If I remember correctly, the cost to merchants for V/MA is around 2% and AMEX is 2.5%. Why would any merchant agree to a 2.9% fee level for Paypal? The argument for AMEX is that they deliver a higher demographic, but I don't think PayPal brings anything to the table... Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted October 17, 2015 Share Posted October 17, 2015 That seems quite high compared to other payment systems. If I remember correctly, the cost to merchants for V/MA is around 2% and AMEX is 2.5%. Why would any merchant agree to a 2.9% fee level for Paypal? The argument for AMEX is that they deliver a higher demographic, but I don't think PayPal brings anything to the table... I use Paypal to process credit card transactions and do pay 2.9%. Actually, the fees are a little higher if there are chargebacks... as well as some other cases IIRC. With Visa and Mastercard, the fees varies depending on the processor. (Paypal is a Visa+Mastercard processor... so in that sense it's a partner of Visa and Mastercard. Except when paypal handles EFT/ACH-funded transactions.) There are a lot of hidden fees too. Many small business owners actually do not know what their fees will be (because it's complicated and isn't worth putting in the time to figure it out)... they just look at their bills at the end of the month. Smaller vendors pay more fees (per transaction) than bigger vendors. 2- For online software sales, paypal and google checkout have similar fees. Google Checkout had a stronger feature set and lower fees when factoring in promotions. Google Checkout is no longer accepting new customers and was not available in my country (Canada). Paypal has lower fees than Digital River owned companies. but I don't think PayPal brings anything to the table... They bring a lot to the table. Link to comment Share on other sites More sharing options...
merkhet Posted October 17, 2015 Share Posted October 17, 2015 Interesting. Thanks for the insight! Link to comment Share on other sites More sharing options...
jawn619 Posted October 22, 2015 Share Posted October 22, 2015 found this video helpful to understanding the payment processing ecosystem Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 6, 2015 Share Posted November 6, 2015 Square Seeks More Than $300 Million in Initial Stock Sale http://www.bloomberg.com/news/articles/2015-11-06/square-seeks-more-than-300-million-in-initial-stock-sale Link to comment Share on other sites More sharing options...
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