What about those startups that already have an account but not generating revenues since they just launched a week ago?
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The Next 1,000 Start-Ups
11–20 of 84 posts
Re: The Next 1,000 Start-Ups
#12I wonder if Braintree has been suffering since Stripe launched and this is an effort to get things moving again.
Re: The Next 1,000 Start-Ups
#13Is this literally the next 1000 braintree signups or is that a marketing term?
Hey, it's Caitlin from Braintree. Yes, this is literally the next 1,000 merchants who signup through this page: https://www.braintreepayments.com/next_thousand_startups
Re: The Next 1,000 Start-Ups
#14I wonder if Braintree has been suffering since Stripe launched and this is an effort to get things moving again.
Was thinking the exact same thing. Another evidence of how (quality) competition benefits the customers… :)
Re: The Next 1,000 Start-Ups
#15Awesome! Payment processing is probably one of our biggest headaches, and this just gave us enough of a reason to try you guys out. Excited to try it out.
Re: The Next 1,000 Start-Ups
#16Re: The Next 1,000 Start-Ups
#17yes yes yes!
"Note: we’re only able to offer this to start-ups with a presence in the US today. We recently launched in Europe and Canada and hope to be able to do something similar for international start-ups soon."
Oh... maybe later
Re: The Next 1,000 Start-Ups
#18A cute marketing trick. No you're not doing this just because you want to "help new startups". That's a nice way of rationalizing it, but really
1) Braintree is suffering from the competition, especially on HN, Stripe is loved like no other
2) They're not giving away 2 million dollars. With so many startups failing to ever generate significant revenue, I wouldn't be suprised if less than 10% of companies that are the first 1000 to register actually wind up generating $50k in revenue through their service. I'm sure Braintree have their own internal calculations about how much this will cost them and that number is certainly no where near 2 million dollars.
3) The primary purpose of this is to bind new businesses to Braintree. The scenario of "getting their free processing here and then going somewhere else before they pay us a nickel." is cute, but misleading. At that point in the company's development switching the entire payments system is much more expensive and would not make any economic sense.
Props to Braintree for coming up with this, I think in the end it's beneficial to the startup community, though I dislike the "second coming of jesus christ"-vibe of the announcement. They're doing this for business reasons, not because they woke up yesterday and felt a little charitable.
Re: The Next 1,000 Start-Ups
#19The promotion is only available to "eligible merchants", but it is not clear what qualifies one as eligible. Anyone from Braintree willing to clarify?
Michael from Braintree, here. The idea behind this offer is to help launch more startups. We aren't policing this with specific limits, but we're asking that you only use this if you are truly a pre-revenue start-up or just started to collect fees for your product. If you’ve already got your start, then congratulations - we would love to work with you and help you grow. And you'll probably find that our standard pric…
I'm happy that you changed your pricing to 2.9% + 30¢ - it did actually feel too expensive before. Thank you for supporting The Rest Of The World too! If I needed a payment gateway right now, your service would be a total no-brainer.
Re: The Next 1,000 Start-Ups
#20This is classic competition at work. Along comes Stripe that forces companies that are not asleep, like Braintree, to compete on price or innovation or some other axes.