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Braintree launches instant underwriting

pandodaily.com

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Re: Braintree launches instant underwriting

#2

Post by programminggeek »

This is a big win for Braintree as it opens up the door to a lot of great opportunities they didn't have previously. For example, when starting up a new idea, I never would go with Braintree simply because I wasn't guaranteed I'd sell enough to be worth the monthly minimum. I'd rather take the no risk approach and pay a higher fee per transaction.

I'm sure I'm not the only one who looked at Paypal, Amazon Payments, or Stripe for that reason alone.

Re: Braintree launches instant underwriting

#5

Post by daniel_levine »

mobweb wrote: post #4

Reading about all these innovations in the payment market is great, but unfortunately for most of us in Europe, PayPal is still the only option that makes sense most of the time, unfortunately. :(

Would love to hear some of the reasons for that. Lack of credit card usage? rates? I'm curious and I bet companies in the space would love to hear some of the reasons why.

Re: Braintree launches instant underwriting

#6

Post by aristidb »

daniel_levine wrote: post #5
mobweb wrote: post #4

Reading about all these innovations in the payment market is great, but unfortunately for most of us in Europe, PayPal is still the only option that makes sense most of the time, unfortunately. :(

Would love to hear some of the reasons for that. Lack of credit card usage? rates? I'm curious and I bet companies in the space would love to hear some of the reasons why.

It's probably a combination of credit cards being far less popular in Europe (there are numerous local alternatives for online payment), and many of these services not being available to European companies at all.

Re: Braintree launches instant underwriting

#7

Post by jaequery »

daniel_levine wrote: post #5
mobweb wrote: post #4

Reading about all these innovations in the payment market is great, but unfortunately for most of us in Europe, PayPal is still the only option that makes sense most of the time, unfortunately. :(

Would love to hear some of the reasons for that. Lack of credit card usage? rates? I'm curious and I bet companies in the space would love to hear some of the reasons why.

i'm assuming it's the banks. perhaps they are less cooperative than US banks.

to most card processing gateways, their main source of bread and butter is their relationships to banks. technology comes second.

Re: Braintree launches instant underwriting

#8

Post by klynch »

mobweb wrote: post #4

Reading about all these innovations in the payment market is great, but unfortunately for most of us in Europe, PayPal is still the only option that makes sense most of the time, unfortunately. :(

Kristi from Braintree here. Good news- we recently launched in Canada and the EU. We plan on rolling out support for local payment methods in 2013. You can check out what our current international payment capabilities are here: https://www.braintreepayments.com/tour/international
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