Following on from Rick’s post on linkedin
I agree Shopify needs to do something about payments. Should it build something? Lengthy and expensive to become a PSP, let alone an acquirer (significant compliance and reputational risk).
Should it buy someone? expensive and who is for sale at the moment?
My view is they need to build out certified integrations with a couple of the mega-players (Adyen, Worldpay, Cybersource), and some “regional heroes”. Make it easy for Shopify’s retailers to shop around for the best deal and just configure that, ensuring compliance with e.g. PSD2. And their in-store capability needs to leverage compliant PED integrations via a partner.
Where Shopify can make it’s own mark potentially is European open banking integration (allowing customers to pay by bank transfer).