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As PayPal has grown over the years, it has made enemies. Some of these rivalries were short-lived, while others persist to this day.
PayPal has a longstanding practice of cutting costs by urging consumers to fund their accounts via ACH transfers instead of card payments and Visa is not happy about this. "What they do as a business is not good for us or for our clients," Visa CEO Charlie Scharf (pictured) said in a recent speech. "People talk about 'frenemies,' and there is no such thing in my mind. You are either one or the other."