Looks like Braintree will have to change all their "we're not PayPal!" marketing now.
PayPal Acquires Braintree for $800M
11–20 of 187 posts
Re: PayPal Acquires Braintree for $800M
#12In the long run I suspect that this will be a huge win for Stripe.
Re: PayPal Acquires Braintree for $800M
#13Did they want Venmo for it's ability to make payments online, or to kill competition that lets people give/receive payments "for free".
Re: PayPal Acquires Braintree for $800M
#14Congrats to Stripe for all the new users!
Wow, I was looking at Braintree when I found Stripe last year. I wanted something truly different from PayPal for my customers. Looks like I made the right call.
Re: PayPal Acquires Braintree for $800M
#15We were just about to add payments to our site, and Braintree was high on the list to checkout. Any other suggestions in addition to Stripe?
-edit- This seems like a good list: http://gatewayindex.spreedly.com
Re: PayPal Acquires Braintree for $800M
#16This has put me off of Braintree and on to Stripe, but not for the reasons you might suspect. You see, I still want to take PayPal payments from my customers who prefer it. But it doesn't seem like a good business to have all my eggs in one basket, and using a competing payment system gives me the ability to switch PayPal off if they try any shenanigans.
That's why I only code against Spreedly [1] instead of directly against any payment processor. One API instead of 53, switch processors just by changing a variable, and you can securely store customers' payment info without locking yourself into any processor's vaulting solution either.
Re: PayPal Acquires Braintree for $800M
#17Sight, will there ever be a PayPal alternative?
Re: PayPal Acquires Braintree for $800M
#18We were just about to add payments to our site, and Braintree was high on the list to checkout. Any other suggestions in addition to Stripe? -edit- This seems like a good list: http://gatewayindex.spreedly.com
If you do at least $3-5k/month in transactions, a real merchant account from a bank/ISO/MSP. I pay $0.05 + 0.04% markup over interchange. Even after the monthly and gateway (Authorize.net) fees, that's around 2%, compared to Stripe's 2.9% or PayPal's 2.2% (I qualify for their merchant rate discount). Amex cards are the only ones I pay more for by not doing a flat rate.
[By coding against Spreedly, it's possible to do things like send all Visa and MasterCard charges to Authorize.net, and all Amex charges to PayPal for the flat rate, without ever seeing the cardholder data myself. I don't though.]
Re: PayPal Acquires Braintree for $800M
#19We are just about to start using BrainTree, for the only reason that they are not PayPal...
Re: PayPal Acquires Braintree for $800M
#20This has put me off of Braintree and on to Stripe, but not for the reasons you might suspect. You see, I still want to take PayPal payments from my customers who prefer it. But it doesn't seem like a good business to have all my eggs in one basket, and using a competing payment system gives me the ability to switch PayPal off if they try any shenanigans.
That's why I only code against Spreedly [1] instead of directly against any payment processor. One API instead of 53, switch processors just by changing a variable, and you can securely store customers' payment info without locking yourself into any processor's vaulting solution either. 1: https://spreedly.com/
But instead you are reliant on Spreedly. Looks interesting though.