MasterCard's Simplify Commerce

The entrenched payment companies are definitely scared of competition, but by launching clones of their competitors they show they still don't get it.

Re: MasterCard's Simplify Commerce

#7

Post by eightyone » Thu, Jun 27, 2013, 8:24 PM UTC

"Deposits are made into your account in two business days in most cases."

This is awful copywriting. There's not even an asterisk with more information or anything.

Re: MasterCard's Simplify Commerce

#8

Post by angersock » Thu, Jun 27, 2013, 8:26 PM UTC

Jesus, this looks kind of like a desperate in-house hackathon product pushed live before the execs could kill it.

(Props to the development team! You still need better docs though. :( )

Re: MasterCard's Simplify Commerce

#9

Post by aquark » Thu, Jun 27, 2013, 8:28 PM UTC

I'd like to see one of these 'API friendly' companies compete more in the physical space to.

Basically something equivalent to Square with a Stripe-like API and lower rates for swiped transactions.

Re: MasterCard's Simplify Commerce

#10

Post by rsync » Thu, Jun 27, 2013, 8:30 PM UTC

sachinag wrote: post #2

Complete competitor to Stripe and Balanced and Braintree.js. Just a teeny bit underneath pricing for all - 2.85% versus 2.90%.

... which is a fairly terrible percentage rate. Even a small processor should be able to get under 2%, provided you don't have a lot of fraud/chargebacks.

There's a tremendous amount of froth in those rates.