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How Braintree destroyed a successful taxi startup from Serbia
11–20 of 158 posts
Re: How Braintree destroyed a successful taxi startup from Serbia
#12Payment Processing/Network is the most innovation-less thing IMO. But still there is not a non-profit leader. Why ?
An excellent question. May the digital credit union arise from the ashes!
Re: How Braintree destroyed a successful taxi startup from Serbia
#13As they're a subsidiary of PayPal, it really would require extraordinary evidence to convince me that Braintree doesn't suck. Sadly, no such evidence was offered in the linked post.
Re: How Braintree destroyed a successful taxi startup from Serbia
#14The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to their business account. Looking on braintree's website they don't appear to support Serbia. https://www.braintreepayments.com/en-si/country-selection?re...
Doesn't it make you wonder how they got a merchant/business account then in the first place? Because if Braintree doesn't support Serbia, CAR:GO shouldn't be able to be on it. But it seems they are. And if they don't support Serbia, how come they've accepted funds?
He replied to that question on FB: "We had to open a company and a bank account in the EU."
Re: How Braintree destroyed a successful taxi startup from Serbia
#15The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to their business account. Looking on braintree's website they don't appear to support Serbia. https://www.braintreepayments.com/en-si/country-selection?re...
If they are using USD I fail to see how country even plays a role. It makes sense if you are converting currency, you want to have a local office to keep some sort of buoyancy. However, if the currency matches your origin, then you can do digital business anywhere there's an ip address. I fail to see how country can play a role in what is presumably an entirely USD-based transaction.
Re: How Braintree destroyed a successful taxi startup from Serbia
#16Earlier quoted context omitted.
Doesn't it make you wonder how they got a merchant/business account then in the first place? Because if Braintree doesn't support Serbia, CAR:GO shouldn't be able to be on it. But it seems they are. And if they don't support Serbia, how come they've accepted funds?
He replied to that question on FB: "We had to open a company and a bank account in the EU."
Ah, that solves that mystery. Thanks! Also means that them being a Serbian company hasn't really got anything to do with why they had issues with Braintree.
Re: How Braintree destroyed a successful taxi startup from Serbia
#17Payment Processing/Network is the most innovation-less thing IMO. But still there is not a non-profit leader. Why ?
Because the owners of that network are a consortium of banks, whose motivation is profit, reinforced by regulation.
Re: How Braintree destroyed a successful taxi startup from Serbia
#18So you guys relied on a single payment provider? And you chose a PayPal company to rely on? Well of course your accounts would be frozen someday. It's a PayPal company. Seriously what did you expect?
Re: How Braintree destroyed a successful taxi startup from Serbia
#19The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to their business account. Looking on braintree's website they don't appear to support Serbia. https://www.braintreepayments.com/en-si/country-selection?re...
Apparently Serbia is 'supported' although to what degree is unknown. Specifically, the dinar is supported.
https://developers.braintreepayments.com/reference/general/c...
Re: How Braintree destroyed a successful taxi startup from Serbia
#20The post rambles for a long time and slings some mud against braintree. Their claim is that they couldn't do a wire transfer from their merchant account to their business account. Looking on braintree's website they don't appear to support Serbia. https://www.braintreepayments.com/en-si/country-selection?re...
If they are using USD I fail to see how country even plays a role. It makes sense if you are converting currency, you want to have a local office to keep some sort of buoyancy. However, if the currency matches your origin, then you can do digital business anywhere there's an ip address. I fail to see how country can play a role in what is presumably an entirely USD-based transaction.
Because... you assume... that just because its USD means that it is through US accounts?
You can be Canadian and have a bank account in US dollars. But the way to transfer money would be the Canadian system.