> what are they providing more than paypal or stripe
For one, they're providing the opportunity for you to open this business. That they have a bank willing to underwrite that type of account is significant.
PayPal, Stripe, and just about everyone else in the payment processing industry, will not work with you at all. Aggregating/factoring payments on behalf of others is prohibited in their terms/merchant agreements... because it's extremely financially risky to run such a company.
If it's not obvious to you why that is, you should consider picking up a cofounder with experience in online fraud/risk management. Managing fraud/risk is a core competency of every third party aggregator that survives its first few years. It's the reason PayPal is here today while their many earlier competitors went bankrupt.
For one, they're providing the opportunity for you to open this business. That they have a bank willing to underwrite that type of account is significant.
PayPal, Stripe, and just about everyone else in the payment processing industry, will not work with you at all. Aggregating/factoring payments on behalf of others is prohibited in their terms/merchant agreements... because it's extremely financially risky to run such a company.
If it's not obvious to you why that is, you should consider picking up a cofounder with experience in online fraud/risk management. Managing fraud/risk is a core competency of every third party aggregator that survives its first few years. It's the reason PayPal is here today while their many earlier competitors went bankrupt.