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Ask HN: Stripe or Braintree?

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Re: Ask HN: Stripe or Braintree?

#51

Post by andreftavares »

There's more to the payment world than Stripe vs Braintree :) Actually, there's more to payments than cards! In many countries, local alternative payment methods account for more than 50% of e-commerce transactions. Do Stripe/Braintree support them? No.

Even more, you'll most likely have to integrate with each payment method's specific API/workflow!

(shameless plug...) I'm co-founder of Switch Payments (https://switchpayments.com) and we believe:

1) You're probably overpaying for credit card processing (https://medium.com/switch-blog/youre-probably-overpaying-for...)

2) Integrating with our API is the best way to remove the pain of supporting current and future payment methods! With one single integration you'll be able to support not only cards, but also dozens of Alternative Payment Methods from countries all over the world.

Re: Ask HN: Stripe or Braintree?

#53

Post by alex95 »

andreftavares wrote: post #51

There's more to the payment world than Stripe vs Braintree :) Actually, there's more to payments than cards! In many countries, local alternative payment methods account for more than 50% of e-commerce transactions. Do Stripe/Braintree support them? No. Even more, you'll most likely have to integrate with each payment method's specific API/workflow! (shameless plug...) I'm co-founder of Switch Payments ( https://swit…

Looks interesting.

I couldn't any info on charges - Could you link me up?

Re: Ask HN: Stripe or Braintree?

#54

Post by elithrar »

Gcam wrote: post #50

I wrote a comparison for Australian companies recently: https://medium.com/@grmcameron/stripe-vs-braintree-for-your-... 1. Feature Related Main Takeaways: Stripe vs Braintree feature comparison: Braintree allows payments through Paypal (This can increase conversion if you believe your customer base feels more comfortable when using Paypal, a name they will likely recognize, as their card details are not revealed.) St…

Nice write-up. Did you also look at Pin Payments (https://pin.net.au/)? Based out of Melbourne, IIRC.

Re: Ask HN: Stripe or Braintree?

#55

Post by larrik »

ianhawes wrote: post #38
larrik wrote: post #30

Earlier quoted context omitted.

No, not at all, as long as you aren't afraid to ask for someone's credit card again. You should also be able to transfer credit card information between services (which usually takes weeks and costs thousands, though).

In my experience, transferring between services didn't cost us a dime.

I know that transferring out of Zuora costs $5,000 per export.

Re: Ask HN: Stripe or Braintree?

#56

Post by brianwawok »

davismwfl wrote: post #13

You can search HN and find this question many times. My 2 cents, I don't trust any company owned by Paypal as Paypal has a very strange, aggressive and non-transparent and inflexible process to holding funds from businesses, charities etc (even after providing all the extra "evidence" they ask for). Stripe has a lot of advantages, API being a huge one. I have heard of a few people that complain about delays in respon…

If you do a capture for say recurring monthly charges, not sure you can (legally and easily) capture card numbers to easily switch down the road? For one off charges it is easy to switch, but not for recurring, which is where I think these platforms "get you" by being sticky.

Re: Ask HN: Stripe or Braintree?

#57

Post by chrispadfield »

asadlionpk wrote: post #23
davismwfl wrote: post #13

You can search HN and find this question many times. My 2 cents, I don't trust any company owned by Paypal as Paypal has a very strange, aggressive and non-transparent and inflexible process to holding funds from businesses, charities etc (even after providing all the extra "evidence" they ask for). Stripe has a lot of advantages, API being a huge one. I have heard of a few people that complain about delays in respon…

Dumb question, wouldn't rolling a wrapper over existing payment service also require me to store credit cards myself somewhere so I can easily switch integration later? If so, isn't that risky.

You can use something like https://spreedly.com/

Re: Ask HN: Stripe or Braintree?

#58

Post by brianwawok »

mgkimsal wrote: post #45
asadlionpk wrote: post #23

Earlier quoted context omitted.

Dumb question, wouldn't rolling a wrapper over existing payment service also require me to store credit cards myself somewhere so I can easily switch integration later? If so, isn't that risky.

gentle plug - spreedly is a service that handles this for you. one of the guys in our coworking space uses this for his service, and it allows his customers to be able to swap processors relatively easily, as spreedly acts as a middle-man secure vault to hold that info away from any one particular service. there may be other services that do something similar, but if you're concerned about switching services, and don…

So you are spending a few $100 to a few $1000 a month in case you need to switch payment gateways down the road? I am not getting the business model.

Re: Ask HN: Stripe or Braintree?

#59

Post by nickjj »

ianhawes wrote: post #41
nickjj wrote: post #32

Earlier quoted context omitted.

Yeah but Stripe just asked me for my bank account number and last 4 digits of my social. There was no background check and having to send over copies of various bills, statements, license, etc.. I felt like Stripe requested the least amount of info to legally accept payments where as Braintree requested a million things to build up some type of profile that they'll benefit from later. You know, it's like the guy who…

Ultimately they're both going to want the same information. If you had started processing more than, say, $10K per day, Stripe would freeze your account and demand the same information. The difference being that Braintree wanted that information upfront and without the stress of frozen funds at risk.

I can't speak from experience but I doubt Stripe would just freeze everything and demand my full social security number instead of the last 4 they requested.

If they ask for bank statements and other pieces of info, that's fine. The user experience is just better with Stripe because they know 99.999999% of people won't be doing 10k+/day.

Re: Ask HN: Stripe or Braintree?

#60

Post by pbowyer »

duncanawoods wrote: post #49
pbowyer wrote: post #22

Earlier quoted context omitted.

All I know is from https://rachelandrew.co.uk/archives/2014/11/25/how-small-com... : http://rachelandrew.github.io/eu-vat/third-parties.html https://www.taxamo.com/ https://quaderno.io/

Thanks. Have you implemented any of these yourself?

No, I've not had need to (yet). Services FTW!
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