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Isn't Japan mostly cash-based? Seems like an interesting location to expand to.
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what's a settlement? the vendor receiving the payment?
Yes. In credit card world it goes auth, capture, settlement. Auth happens within those few seconds when you slide your card. Capture tends to happen at the end of the business day when the "final" total is known and charged against your card. Settlement is when everything has cleared and merchants get their money.
Isn't Japan mostly cash-based? Seems like an interesting location to expand to.
Japan is mostly cash-based for face-to-face transactions. Online, users are extremely comfortable paying electronically. You have to remember that paying via mobile was a thing here several years before the rest of the world, so people have had longer to acclimatize. As a reference point, Japan spent around $8B via mobile phones in 2006 (i.e. before the iphone launched).
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There's not though. Each EU member state is a sovereign country and they each have their own laws regarding things like trans border payments. There's not even a single currency.
Estonia, Greece and Cyprus use the Euro, but unlike the other EU Euro countries aren't available on Stripe. I haven't worked in finance, but as I understand it, the regulations are supposed to allow cross border businesses to operate. That's why the City of London banks area worried about leaving the EU and losing that right. The Eurozone especially has regulations to remove barriers to cross border payments. https:/…
The main downside of not being in the EU is that it'd be harder for the banks' clients to move money to the EU, likely trigger additional taxes, etc.
Isn't Japan mostly cash-based? Seems like an interesting location to expand to.
I don't even have a credit card (I live in Japan). Stuff I buy online I pay at the convenience store or on delivery in cash, everything else I pay in cash or using my commuter pass (RFID).
Isn't Japan mostly cash-based? Seems like an interesting location to expand to.
Yes it's mostly cash and there are many places (like restaurants) where they ONLY accept cash, too. So you always need to have some cash on you.
Even including the small monthly fee and the harder / higher cost integration, it made no sense to go with them.
Was a bit surprised, mostly by the good terms that could be obtained in locally national banks once you sit with someone. Company I was representing wasn't very large (12 employees). I wonder what others here have experienced? Is it a special scenario that never happens, is it usual?
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Braintree doesn't ignore the EU like Stripe. Use Braintree.
I am using Braintree but the more options the better.