In the long run I suspect that this will be a huge win for Stripe.
agreed.
PayPal Acquires Braintree for $800M
41–50 of 187 posts
Re: PayPal Acquires Braintree for $800M
#42Looks like Braintree will have to change all their "we're not PayPal!" marketing now.
As a Braintree customer I am a little worried. I went with them for a number of reasons, but one of the big ones was the fact that they're not PayPal.
Re: PayPal Acquires Braintree for $800M
#43Congrats to Stripe for all the new users!
I heard that. As I've said before, people revere the PayPal mafia, but revile PayPal. As it's been said by others here, this is certainly good for Stripe because more than a few Braintree customers will flock their way to avoid PayPal, but it also creates opportunities for other upstarts in this arena. That being said, there is a certain amount of lock-in for these products, so while it's relatively easy for a busine…
Braintree offers data portability, so you can transition existing customers & credit cards to a new payment system easily. That being said, I see no reason to jump ship unless service deteriorates
Re: PayPal Acquires Braintree for $800M
#44Congrats to Stripe for all the new users!
I heard that. As I've said before, people revere the PayPal mafia, but revile PayPal. As it's been said by others here, this is certainly good for Stripe because more than a few Braintree customers will flock their way to avoid PayPal, but it also creates opportunities for other upstarts in this arena. That being said, there is a certain amount of lock-in for these products, so while it's relatively easy for a busine…
If only PayPal had joined Braintree's "Credit Card Data Portability" initiative [1]. I'm betting that's dead now with them joining PayPal, if it's even still active. If it is, get your data out quick before PayPal can lock it in!
[1]: https://www.braintreepayments.com/blog/open-letter-to-the-ce...
Re: PayPal Acquires Braintree for $800M
#45I'm always amused when I read the statements from newly acquired companies. They refuse to call it what it is, a purchase, and instead frame it as an alignment, a partnership, anything that allows them to distract from the fact that they are no longer autonomous.
One hardly ever hears the term "takeover" these days :)
Re: PayPal Acquires Braintree for $800M
#46Looks like Braintree will have to change all their "we're not PayPal!" marketing now.
As a Braintree customer I am a little worried. I went with them for a number of reasons, but one of the big ones was the fact that they're not PayPal.
PayPal likely purchased them because they aspire to be more like Braintree.
Re: PayPal Acquires Braintree for $800M
#47Paypal will kill it, PAYPAL are the absolute worst company in the world and terrible to for any new businesses who endup having their money "held" for ridiculous amounts of time, and no customer support.
Why do you think PayPal bought them? It probably wasn't solely for the userbase, right?
Re: PayPal Acquires Braintree for $800M
#48WOW! Didn't see that one coming.
Re: PayPal Acquires Braintree for $800M
#49I'm always amused when I read the statements from newly acquired companies. They refuse to call it what it is, a purchase, and instead frame it as an alignment, a partnership, anything that allows them to distract from the fact that they are no longer autonomous.
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Re: PayPal Acquires Braintree for $800M
#50Earlier quoted context omitted.
As a Braintree customer I am a little worried. I went with them for a number of reasons, but one of the big ones was the fact that they're not PayPal.
PayPal likely purchased them because they aspire to be more like Braintree.
Few things could qualify so wholeheartedly as a crock of shit, but your statement is one of them.