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Ask HN: Merchant account and payment gateway for subscription-based web apps?

news.ycombinator.com

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Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#11

Post by _pius »

zain wrote: post #7
[deleted] wrote: post #6

Earlier quoted context omitted.

[deleted]

Pedantry aside, thanks for the links. No pedantry intended, friend. Every single one of those threads is in my bookmarks folder because each of them provide a variety of options. And searchyc.com is always nice to bring up since the primary way new people find out about it is by reading about it in a comment.

Forgive the comment then. :) Seriously, thanks for all those links!

btw, I'm not actually new: http://news.ycombinator.com/user?id=pius ;)

Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#12

Post by _pius »

ericb wrote: post #10

Braintree has a very high monthly fee (200 a month min) and so does not seem good for startups (they seem to forget about the fact that startups grow ). I tried to negotiate with them... They came down to 100 min which was still more than double my other options. At this point when I said it was higher than I was comfortable with, the sales rep started asked me "what would you propose?" I wasn't sure how to answer th…

Great info, thanks a bunch.

Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#14

Post by _pius »

coopr wrote: post #9

None of the above. Don't deal with all that hassle (and a major hassle it can be!) and use http://www.zuora.com instead - they are cheap for what they save you!

Interesting, thanks for the info. Is their pricing still as high as the other threads mention? (e.g. $1k/month)

Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#15

Post by asnyder »

ericb wrote: post #10

Braintree has a very high monthly fee (200 a month min) and so does not seem good for startups (they seem to forget about the fact that startups grow ). I tried to negotiate with them... They came down to 100 min which was still more than double my other options. At this point when I said it was higher than I was comfortable with, the sales rep started asked me "what would you propose?" I wasn't sure how to answer th…

My recent experience with Braintree was the opposite. I received an excellent offer from CHASE Paymentech and presented this to Braintree. They were willing to waive the monthly minimum and sent me a schedule of straightforward low rates, however, they still weren't as low as CHASE Paymentech.

They even went so far as to say that I got a better deal with CHASE Paymentech and subtly suggested we use them until we felt we needed Braintree's value added services which seem to be the best in the industry.

Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#16

Post by jkrall »

brm wrote: post #13

looks like its new but very curious to see what kind of results this progresses with: http://transfs.com/

@brm: TransFS.com is my startup, and I seriously considered posting a response to this thread a couple of hours ago... but I didn't want to spam HN with self-promotion.

Indeed we are new, having launched in beta about 6 months ago. However, we have a number of aggressive processing bidders on our site... and I honestly believe that our marketplace offers some of the best pricing out there, especially for new merchants. We are always improving the product, and have plenty of work to do, but our customers have been very happy overall with the comparison shopping experience that we offer.

As my co-founder put it in an email to one of our potential customers today: "TransFS is the second startup for both the cofounders of our business (Sean and Josh) and we are radically passionate about helping business owners get a fair shake and reduce the way-too-high profits of the credit card processors."

Anyway, thanks for the mention!

Re: Ask HN: Merchant account and payment gateway for subscription-based web apps?

#17

Post by seanharper »

asnyder wrote: post #15
ericb wrote: post #10

Braintree has a very high monthly fee (200 a month min) and so does not seem good for startups (they seem to forget about the fact that startups grow ). I tried to negotiate with them... They came down to 100 min which was still more than double my other options. At this point when I said it was higher than I was comfortable with, the sales rep started asked me "what would you propose?" I wasn't sure how to answer th…

My recent experience with Braintree was the opposite. I received an excellent offer from CHASE Paymentech and presented this to Braintree. They were willing to waive the monthly minimum and sent me a schedule of straightforward low rates, however, they still weren't as low as CHASE Paymentech. They even went so far as to say that I got a better deal with CHASE Paymentech and subtly suggested we use them until we felt…

Braintree seem like good people, I went to grad school with Brian and he is sharp and seems honest.

I am really curious about how you compared the CHASE paymentech deal with the Braintree deal. Were they interchange-plus rates? Or were they qualified / midqualified / nonqualified? Did you know how the categories compared to each other?

Disclaimer - I have a startup in the space (transfs) so this is market research for me. :)

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