Category: Industry Insights
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What Stripe’s $70B Valuation and Sequoia Deal Means for You
Payment system giant Stripe has seen its valuation soar to an impressive $70 billion, up significantly from last year. This surge comes as Sequoia Capital, a prominent venture capital firm and long-time investor in Stripe, has offered to purchase up to $861 million worth of shares from investors looking to cash out. Despite experiencing a…
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Synapse Bankruptcy, A Wake-Up Call for Banking-as-a-Service
The recent abrupt bankruptcy filing of financial technology company Synapse has sent shaken the banking industry. Synapse Financial Technologies, which acted as a middleman between fintech firms and banks, has frozen the accounts of tens of thousands of businesses and consumers as a result of its Chapter 11 bankruptcy protection filing in April. This debacle…
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What Happened to Dropshipping?
Business models can rise and fall with remarkable speed. One model that has generated considerable buzz over the past decade is dropshipping. While critics have been quick to declare its demise, the reality is far more nuanced. Dropshipping is still very much alive, albeit with significant changes in how it’s executed. This article delves into…
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Will Stripe Ban Content Creators?
Stripe, one of the world’s leading online payment processors, recently updated its list of restricted businesses to include “content creation.” This addition raises concerns among content creators who rely on Stripe to process payments for their online businesses. The new restriction leaves many wondering if Stripe will start banning or shutting down accounts associated with…
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eBay Drops Amex, Citing “Unreasonably” High Transaction Fees
eBay announced that it will stop accepting American Express credit cards globally starting August 17, 2024. This decision impacts countless eBay customers who depend on American Express for their online purchases. The move comes as a response to what eBay describes as the “unreasonably high fees” American Express charges merchants for processing credit card transactions.…
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