Signed up & was told I'd be contacted in ~24 hours -- not much different from my previous attempts signing up.
Same experience here. Not sure whats new.
Braintree launches instant underwriting
11–20 of 32 posts
Re: Braintree launches instant underwriting
#12I'm not sure if this is comparable to Stripe's signup process. I just tried signing up from: https://apply.braintreegateway.com/ At the end of it, my application for queued to be manually reviewed (~24 hrs) by an underwriter. Am I missing something here ?
Yeah the article says something about a 30-min process.
I suppose "same-day" would be more appropriate than "instant", but honestly what do you expect from Pando Daily?
Re: Braintree launches instant underwriting
#13I'm not sure if this is comparable to Stripe's signup process. I just tried signing up from: https://apply.braintreegateway.com/ At the end of it, my application for queued to be manually reviewed (~24 hrs) by an underwriter. Am I missing something here ?
UPDATE: My application was approved within 30 minutes.
Re: Braintree launches instant underwriting
#14Signed up & was told I'd be contacted in ~24 hours -- not much different from my previous attempts signing up.
Most valid applicants will be approved instantly. There are some circumstances, such as the specifics of your business model, that may require a brief manual review. At most this will take 1 business day, but many reviews will be much quicker - as fast as 20 or 30 minutes.
The difference between Braintree and others is that when we say yes, we mean it. That means your business is good to go from day one and you won’t have to worry about paypal-like shut downs.
Kristi from Braintree
Re: Braintree launches instant underwriting
#15Their sign up form seems to be only for the US, so is the instant underwriting news absolutely correct or is the instant thing for only one of the 200 countries in the world?
At least just a few days ago the international forms and documentation they asked for to sign up was miles long.
Re: Braintree launches instant underwriting
#16Signed up & was told I'd be contacted in ~24 hours -- not much different from my previous attempts signing up.
Most valid applicants will be approved instantly. There are some circumstances, such as the specifics of your business model, that may require a brief manual review. At most this will take 1 business day, but many reviews will be much quicker - as fast as 20 or 30 minutes. The difference between Braintree and others is that when we say yes, we mean it. That means your business is good to go from day one and you won’t…
20-30 min also for all the international countries?
Re: Braintree launches instant underwriting
#17Reading 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
Will the international sign-up become faster (instant?) as well? For now the list of docs required is huge amount of bureaucracy and paperwork.
Re: Braintree launches instant underwriting
#18"A recent acquisition of digital wallet company Venmo gave it another key arrow in the quiver: The promise to extend one-click payments across its entire portfolio. In other words if you’ve ever purchased an Uber cab– or anything else on a Braintree powered site– you can now make a quick one click purchase on any of its other sites."
I don't see any mention of this sharing of one-click payment info on Braintree's site. Can anyone confirm this is really coming?
Re: Braintree launches instant underwriting
#19Their sign up form seems to be only for the US, so is the instant underwriting news absolutely correct or is the instant thing for only one of the 200 countries in the world? At least just a few days ago the international forms and documentation they asked for to sign up was miles long.
@jkalkundi - Kristi from Braintree here.
Currently, the instant underwriting process is only available to our US based merchants. We've made underwriting for merchants outside the US easier than many of the current international alternatives. But we’re still working hard to make sign-up instantaneous for merchants based outside the US and expect to be there soon. As you probably already know, international banks can often be much more risk averse.
Re: Braintree launches instant underwriting
#20"A recent acquisition of digital wallet company Venmo gave it another key arrow in the quiver: The promise to extend one-click payments across its entire portfolio. In other words if you’ve ever purchased an Uber cab– or anything else on a Braintree powered site– you can now make a quick one click purchase on any of its other sites." I don't see any mention of this sharing of one-click payment info on Braintree's sit…
Yes, we do have a universal checkout product in the works with the Venmo team. We’ll provide more details as we get further with the product but expect to see more from us on this soon, and the Pando article captures the essence of it. We want to take the seamless checkout experience that we’ve enabled for companies like Uber, HotelTonight, Fab and thousands of others and make it available across every merchant that uses Braintree and every consumer that uses Venmo.
-Kristi from Braintree