The Next 1,000 Start-Ups • Hacker News Board

Re: The Next 1,000 Start-Ups

#81

Post by mvboeke » Thu, Nov 01, 2012, 2:55 PM UTC

justincormack wrote: post #79

TomGullen wrote: post #56

Excitedly rushed to sign up as we're interested in offering alternative payment solutions - disappointed as we're in the UK we can't and this wasn't immediately obvious! Either way looks like a very cool offer!

any company naming themselves after a town in the UK ought to be available here...

Braintree's service is available in the UK, we just can't make the free processing offer outside of the US. Check out https://www.braintreepayments.com/tour/international for more info.

Also, our company name comes from the town of Braintree, Massachusetts, which is the home of the American revolutionary John Adams. I hope you won't hold that against us.

Re: The Next 1,000 Start-Ups

#82

Post by mvboeke » Thu, Nov 01, 2012, 3:03 PM UTC

corkill wrote: post #49

Tell you the company that will get my business out of stripe, braintree and the others. The one that works out how to let us open an account without an SSN. Currently we are with SAASY for that reason, they charge 5.9%.

@corkill - I work on the signup and application process for Braintree, and I would be curious to know why SSN is a deal-killer for you. Do you not have a SSN, or is it just something you would rather not share? Feel free to email me at mboeke@braintreepayments.com if you would like.

Re: The Next 1,000 Start-Ups

#83

Post by LukeHoersten » Fri, Nov 02, 2012, 4:56 PM UTC

callmeed wrote: post #65

rkalla wrote: post #61

There are multiple aspects to payment processing with basic payment processing and integration being the minimum -- Stripe currently has the most beautiful story here. Things get more complex on the back end of the payment being processed at scale, namely fraud detection and risk mitigation. This is where some of those behemoths in the industry actually shine more. Stripe passes the risk directly through, you are on…

I'm not sure I agree with you. I've had to deal with plenty of fraud issues. How is Stripe passing the risk on any more than other processors? [1] The end-result of fraud (at least, the kind I'm familiar with) are chargebacks. Those are going to fall back to you regardless of who your payment processor is. We've had major fraud issues on our system which is powered by BrainTree. When you hit a certain chargeback rate…

My guess is that it depends on your business model.

(1) The risk to a TPPA model would be a fraudulent payment merchant signing up with your service buying from themselves with stolen cards. Charge-backs would occur here once the card owner discovered the card was stolen.

(2) The direct sale model risk would be selling and delivering a good or service and then the card holder (stolen or otherwise) charges-back to get the good/service for free.

In case (1) fraud detection would help detect the stolen card and mitigate the risk. In case (2), legitimate charge-backs from non-stolen cards are probably sometimes the bigger risk. I most likely didn't hit all the cases here but it certainly seems to be the case that PayPal or the like would not always help your business model with fraud prevention, supporting what callmeed said here.

Re: The Next 1,000 Start-Ups

#84

Post by justincormack » Sun, Nov 04, 2012, 1:49 PM UTC

mvboeke wrote: post #81

justincormack wrote: post #79

Earlier quoted context omitted.

any company naming themselves after a town in the UK ought to be available here...

Braintree's service is available in the UK, we just can't make the free processing offer outside of the US. Check out https://www.braintreepayments.com/tour/international for more info. Also, our company name comes from the town of Braintree, Massachusetts, which is the home of the American revolutionary John Adams. I hope you won't hold that against us.

Ah I guess Braintree MA is named after the original!Will have a look, thanks.