41–50 of 84 posts
Please fix headline to: "Braintree Waives All Fees On First $50k in Transactions For Next 1,000 US-Based Startups" Might be a good idea to do this always, just a little thing to acknowledge the other 95% of the world..
Agree. It should be at the top not at the bottom of the post. Cruel tease to many who'll see this.
Mods, please prioritize informative versions of titles!
Earlier quoted context omitted.
Now I'm confused, is competition healthy or is it an affliction from which a company "suffers?"
Competition is good for consumers. So in essence this is probably one of the positive effects Stripe has on the payments landscape. Not only are they offering a well-received service. They're also forcing their competition to come up with ways to make themselves appear more attractive. Would Braintree do the above if they were the only company offering such a service? My bet is they wouldn't even think about it.
But they aren't the only company now, so why the hypothetical? Who cares if they did it due to competition, due to the goodness of their hearts, our due to an acid trip? If the end result is the same, and that end result is helpful, then that's a net positive in my book.
EDIT: Since everyone is offering disclaimers about who they like/use, I have used both Braintree and Stripe, for my own startup, and for a few freelance jobs. I've had nothing but help from any support tickets/calls I've had to make, from both companies. So in my mind, this really is a scenario with something good happening and all else is held equal.
Earlier quoted context omitted.
Competition is good for consumers. So in essence this is probably one of the positive effects Stripe has on the payments landscape. Not only are they offering a well-received service. They're also forcing their competition to come up with ways to make themselves appear more attractive. Would Braintree do the above if they were the only company offering such a service? My bet is they wouldn't even think about it.
>Would Braintree do the above if they were the only company offering such a service? But they aren't the only company now, so why the hypothetical? Who cares if they did it due to competition, due to the goodness of their hearts, our due to an acid trip? If the end result is the same, and that end result is helpful, then that's a net positive in my book. EDIT: Since everyone is offering disclaimers about who they lik…
A 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…
I think you are getting downvoted because your comment embodies the easy snark that is REALLY hurting this community. IMHO, seeing that your comment is currently at the top tells me we still have room for improvement. I don't think anyone is deluded into thinking this is a charitable gesture, certainly not on hackernews, so I am confused why you spent so much time to (in an agitated way) make it seem like Braintree i…
“So, what’s the catch - is this just a marketing promotion.” There’s no catch, no strings attached, no BS -- we just want to do our part to give back to the community that made us successful and this is our way of paying it forward.
Am I missing something here?
As much as I love Stripe and their innovative moves, the bulk of my business's transactions have been handled by BrainTree over the last 4 years. That includes both SaaS subscription billing and third-party payment aggregation (we do niche ecommerce, take a transaction fee, and ACH to customers). Our transaction fee is below the (now seemingly) standard 2.9% which adds up when you get to hundreds of thousands of dollars or more in processing. BrainTree's support is great ... I'm talking Rackspace-level great.
Some of you talk like BrainTree is an old-school behemoth which is being disrupted by Stripe, which is silly. News flash: BrainTree is not PayPal. Obviously they are all competitors, but I see nothing to indicate that BrainTree can't keep pace with Stripe moving forward.
I do use Stripe for things–and I do love it. But we wouldn't be where we are today w/o BrainTree.
A 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…
http://news.ycombinator.com/item?id=4712867
http://news.ycombinator.com/item?id=4692794
http://news.ycombinator.com/item?id=4718083
http://news.ycombinator.com/item?id=4723926
The first point is plainly false. Braintree isn't "suffering." The third point is true, but cynical and obvious. Is it really surprising that you probably won't change payment processors, or that they want to keep your business? Is that really the most interesting point you can make?
The second point is actually a very good one, and it would be interesting to see what actually happens to the 1,000 startups. I suspect we'll see most fail to make anything close to $50,000 and a select few make significantly more.
A 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…
Another "middlebrow dismissal", voted to the top of the thread. http://news.ycombinator.com/item?id=4712867 http://news.ycombinator.com/item?id=4692794 http://news.ycombinator.com/item?id=4718083 http://news.ycombinator.com/item?id=4723926 The first point is plainly false. Braintree isn't "suffering." The third point is true, but cynical and obvious. Is it really surprising that you probably won't change payment proc…
>The first point is plainly false. Braintree isn't "suffering."
"suffering" may be a little colorful in choice of words, but I don't think it's strictly false, especially on HN where Stripe.com gets beaten in per-domain popularity only by the almighty domain-overlord himself, paulgraham.com
>The third point is true, but cynical and obvious.
I disagree that it's obvious. I think many people underestimate the potential cost of binding their entire business to a single platform, especially when that platform is payments, something that inherently people _do not_ under any circumstances try to mess with if it already works.
A 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…
Also, everyone is trying to do cost calculations based solely on their transaction costs. You are not counting all the customer support they have to provide to setup all the accounts and maintain them which is significant.