PayMill, Stripe clone, rolls out silently across Europe

The activity of a Payment Service Provider is heavily regulated in EU, a license is required - But no mention of this on the site.

While I applaud any move to bring more payment options in Europe this is really still very german focused and appears only half baked. The English documentation is interesting with lots of muddled terminology and when you start the application process bit's of it are still in german in places. The site also seems to lack error and confirm messages (wondering if this is simply not translated)

For those in the UK jumping for joy at a Stripe like payment gateway there is a bit of a gotcha it only supports Euros.

Also there is no details about who is actually processing the payments and several interesting and dubious (but again could simply be translation problems) statements about PCI compliance on the site which could make due diligence interesting.

Something to watch, but for UK merchants I suspect it may be a lot of work to get going so not quite the frictionless option people are holding out for. Be interesting to hear from a German companies perspective to see if similar issues exist on the paymill.de site?

You can use Stripe for that.

> But Stripe hasn't nailed it and Braintree couldn't nail the "immediate sign up" outside of the US so I too will wait to hear if it's all that much different.

Correction: Braintree hasn't nailed it even inside US, despite reports otherwise. Even though you can sign up and get started with a developer account immediately, there is a human underwriter who looks at your account and activates production. This process might take lesser time now, but its not automated (like Stripe) and some people might get rejected on the way.

This step is the key value proposition for me. If Braintree or Paymill doesn't work like that, then they are not comparable to Stripe.

Correct. I don't want Stripe to do the conversion. We want to receive dollars from US customers, and Euros from EU customers.