Can't find anything about chargebacks, wonder if they are free :)
MasterCard's Simplify Commerce
11–20 of 133 posts
Re: MasterCard's Simplify Commerce
#12I wouldn't trust anything that comes from Mastercard or Visa directly. I would much rather have the companies' idiosyncrasies and politics abstracted through a 3rd-party service like stripe or balanced. That's just my kneejerk reaction, take it or leave it.
Re: MasterCard's Simplify Commerce
#13Yes! We'll save 0.05%! That's 500$ for every million in sales. You must have huge sales to justify a switch.
Re: MasterCard's Simplify Commerce
#14Jesus, 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. :( )
Couldn't have said it better :)
Re: MasterCard's Simplify Commerce
#15Complete 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.
You can do better than 2.9% for sure but I'm not sure about under 2% for a small merchant in CNP.
Re: MasterCard's Simplify Commerce
#16To play diplomat, I see a lot of Stripe loyalty / Mastercard hate already brewing here, and I think that's a bit unwarranted. Stripe has certainly earned their place as a cherished service, but I would venture to bet a lot of devs worked quite hard on Simplify as well, so it'd be nice to see discussion on the merits of the offering rather than preconceived notions of the provider.
If nothing else, even if 0.05% isn't much, I'm happy to see if they can start a bit of a pricing war here. If it drives payment costs down across the board, all the better.
Re: MasterCard's Simplify Commerce
#170.05% is a tiny amount. This is the first shot though across the bow on lowering the transactional rates set by Stripe, Braintree etc.
Re: MasterCard's Simplify Commerce
#18"Sign up and develop. When you're ready to go live, tell us a little about your business."
It's actually more of a "PayMill" model than a Stripe model. So they allow you to begin development but they don't actually promise immediate on-boarding.
Re: MasterCard's Simplify Commerce
#19To play diplomat, I see a lot of Stripe loyalty / Mastercard hate already brewing here, and I think that's a bit unwarranted. Stripe has certainly earned their place as a cherished service, but I would venture to bet a lot of devs worked quite hard on Simplify as well, so it'd be nice to see discussion on the merits of the offering rather than preconceived notions of the provider. If nothing else, even if 0.05% isn't…
(I built the first version of Stripe and work here.)
I think the unfortunate aspect of these clones is that they're lazy. I have huge respect for anyone that innovates in payments -- I know how hard it is, and I'd imagine it's even harder to do that as part of a larger company.
What I find disappointing is when a product copies everything about Stripe -- everything from Stripe.js to the "live/test" switch to the "1/2/3" getting started pop-up when you create your account to the nomenclature of "InvoiceItems" to the ordering of tabs in the account settings.
It's certainly MasterCard's (and anyone's) prerogative to do that, but I don't think it's particularly worthy of support from other engineers and makers.
We should encourage each other any time we see great, original work -- creativity is hard, and new ideas are often delicate in the early days. It'd be really cool if MasterCard did that, but Simplify unfortunately doesn't seem to have anything that's new. (Please correct me if I'm wrong!)
Re: MasterCard's Simplify Commerce
#20As usual, there is no information at all on which countries that is supported, I guess this is only supported in USA. Maybe I'm the only one outside of America...
Edit: Yeah, after registering, confirming my email and trying to apply for a full account, I know that it's only for America. Sigh...