Need to process payments?

#1

Post by pg » Mon, Jun 14, 2010, 4:37 PM UTC

Need to process payments?
ycombinator.posterous.com

Re: Need to process payments?

#2

Post by JarekS » Mon, Jun 14, 2010, 4:58 PM UTC

I'm sorry but what does that mean "developer focused payment processing"? From the SaaS provider perspective - less time I spend on integration with such thing is better. "Developer focused payment processing" suggests rich API with high learning curve. Not really compelling value prop...

BTW - don't get me wrong. I'm not suggesting they have a bad product. I'm really curious how they can make payment processing developer focused!

Re: Need to process payments?

#3

Post by jarin » Mon, Jun 14, 2010, 5:01 PM UTC

Couple of questions: Does it handle subscriptions? Do you need a merchant bank account?

Re: Need to process payments?

#4

Post by jarin » Mon, Jun 14, 2010, 5:02 PM UTC

JarekS wrote: post #2

I'm sorry but what does that mean "developer focused payment processing"? From the SaaS provider perspective - less time I spend on integration with such thing is better. "Developer focused payment processing" suggests rich API with high learning curve. Not really compelling value prop... BTW - don't get me wrong. I'm not suggesting they have a bad product. I'm really curious how they can make payment processing deve…

Braintree is a good example of developer-oriented payment processing. They provide very good APIs and client libraries, and they respond very quickly to developer suggestions and feature requests.

Re: Need to process payments?

#5

Post by hassenben » Mon, Jun 14, 2010, 5:07 PM UTC

The views counter is not unique. Fun!

Re: Need to process payments?

#6

Post by vyrotek » Mon, Jun 14, 2010, 5:09 PM UTC

jarin wrote: post #3

Couple of questions: Does it handle subscriptions? Do you need a merchant bank account?

I have the same questions. The most frustrating part of shopping around for these types of services is trying to figure out whats included and what isn't. Perhaps its just the nature of this market, but the fact that I have to purchase and manage additional services just to someone's special 'payment subscription service' is a pain.

Re: Need to process payments?

#7

Post by subbu » Mon, Jun 14, 2010, 5:09 PM UTC

I am not US based but still need a decent payment processing system. All existing payment processing companies are US-centric. Any luck for us?

Re: Need to process payments?

#8

Post by joubert » Mon, Jun 14, 2010, 5:11 PM UTC

What's their name?

Re: Need to process payments?

#9

Post by bdickason » Mon, Jun 14, 2010, 5:14 PM UTC

I just sent them an e-mail. I'm hoping this is a payment gateway :D Have a call with Braintree, but they require monthly minimums and a setup fee. If there was a scalable solution as follows, I'd jump onboard immediately:

-Create an account (Free)

-Start accepting payments at a slightly higher percent (3.5%?)

-Percentage goes down as volume increases

End the negotiation, setup fees, etc that are stuck in this archaic business please :(

Re: Need to process payments?

#10

Post by loumf » Mon, Jun 14, 2010, 5:14 PM UTC

Just to put my two cents out there in case someone knows someone who does this. I consider what Apple does to be exactly what I want on the web. I just fork over 30% (no minimums) and literally never think about it. I get that I need to integrate for the web, but I don't want much more than that.

I'm not trying to build a big business, just some side stuff where any time spent on payment processing is a huge impediment. I don't want a merchant account. Subscriptions would be nice.