Stripe has officially applied for a Money Transmitter (MALPB) license in Georgia. It's a move that will change what we know about Stripe in payment processing...at least in the U.S.
But what does this really mean for your business?
In this episode, I, Maria Sparagis, payment processing expert and founder of Direct Payment, break down the real implications of Stripe becoming its own payment processor.
From bypassing big banks like Wells Fargo and Barclays to potential changes in who Stripe approves (or rejects). These are the questions many aren’t asking: Is this truly good news for online merchants, or just a power and profit play?
🔍 What you'll learn:
- What Stripe’s MALPB license means and why it matters
- Why Stripe isn’t actually a payment processor (yet)
- The truth about Stripe’s approval process
- How this could impact high-risk and online businesses
- What to watch for in Stripe’s terms & conditions going forward
- Why legacy banks might be forced to innovate now
⚠️ Heads-up: this might not be the win for merchants you were hoping for.
📩 Have questions about payment processing or need a backup for Stripe? Reach out to me and my team at Direct Payment. maria@directpaynet.com
📋 Or apply directly at directpaynet.com/contact-us/
👍 Like, 💬 Comment, and 🔔 Subscribe for more insights on payment processing, tech trends, and business growth strategies.
0:00 Intro
0:36 Isn’t Stripe a Payment Processor?
1:39 You Won’t Benefit from the Charter
6:04 Stripe Changes
7:16 Competition Increases
8:33 Outro
#Stripe #FintechNews #PaymentProcessing #BusinessTips #Ecommerce #StripeLicense #MALPB #MerchantAccount #SmallBusinessTips #MariaAsparagus
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