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I am not surprised by this layoff. Ecommerce has been around for a long time now. The Corona virus is almost over and so is the exponential ecommerce growth. Amazon is feeling it a slow down big time. There is a lot competition in this space. Stripe's layoffs will enable their competitors to take some share.

This is not going to happen. There are market factors that will support the need for credit cards, namely consumers need a loan. In the U.S.about 2/3 of all credit cards have loan balances. The other 1/3 loose money.

Interchange pricing has always been a cash cow for Visa's member banks. It generates $ billions in revenue for cardholder banks. As the industry has reduced processing costs and fraud losses, there is always a tendency to not share lower expenses and fraud losses with merchants. Amazon forced Visa's hand to lower interchange. This is good news to the merchant community. More large merchants should challenge Visa to realize value form the new economics of card processing. Remember efficiencies realized from processing and fraud reduction should always drive reductions in interchange fees.