this post was submitted on 03 Aug 2025
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I'd love Valve to spend their extra billions on opening a payment processor. Fuck the big 3.
There's multiple steps to this sadly, including the payment gateway, processor, acquirer and this is before even Mastercard, VISA, Amex or other card companies come into the picture.
It's not impossible, but Valve would need to convince the card issuers that they are a valid processor and then also make deals with banks all over the world for GWs. Or they could just act like Stripe and own the full stack and bully their way through the fintech world.
In America I think you also either literally or effectively (to compete) have to own some banks as well.