Braintree now accepts online applications for European merchants • Hacker News Board

Re: Braintree now accepts online applications for European merchants

#11

Post by jd » Tue, Mar 26, 2013, 3:07 PM UTC

Father wrote: post #10

Geee wrote: post #9

I'll just copy-paste their announcement from the email list, I couldn't find any blog posts related to this: European merchants who want to take advantage of Braintree to accept online and mobile payments can now apply for an account online. The new streamlined process means that in minutes, merchants can complete the online application, and be on their way to accepting payments. Approval decisions usually follow a w…

> European merchants who want to take advantage of Braintree to accept online and mobile payments can now apply for an account online. I feel this is a common misconception that accepting credit cards in Europe equals having a good online payment option in Europe. It just means you've half implemented a payment system in Europe since a lot of people here use Debit cards [1]. Besides that there are also other common p…

In my experience this isn't true at all, at least if you target startups and SMB. We have a task management product which is used by many lifehackers around Europe, and we get requests about iDeal or Giropay only occasionally. We also have an intranet/wiki product which is sold to businesses in the 5-200 people range and everybody pays with a Credit Card no problem (OK, a few prefer wire transfer).

If you have a B2C company where you want to charge €10 or so then alternative payment methods may become an issue. But if you sell SaaS subscriptions for €50 or €200 a month a Credit Card is still the way to go, even in Europe.

Re: Braintree now accepts online applications for European merchants

#12

Post by dspillett » Tue, Mar 26, 2013, 4:29 PM UTC

Father wrote: post #10

Geee wrote: post #9

I'll just copy-paste their announcement from the email list, I couldn't find any blog posts related to this: European merchants who want to take advantage of Braintree to accept online and mobile payments can now apply for an account online. The new streamlined process means that in minutes, merchants can complete the online application, and be on their way to accepting payments. Approval decisions usually follow a w…

> European merchants who want to take advantage of Braintree to accept online and mobile payments can now apply for an account online. I feel this is a common misconception that accepting credit cards in Europe equals having a good online payment option in Europe. It just means you've half implemented a payment system in Europe since a lot of people here use Debit cards [1]. Besides that there are also other common p…

I for one avoid using my debit car online and I know many others who do the same, so I've always assumed few people use them online.

While the extra protection offered on credit card purchases is not overly significant for the size of most purchases, it is more than nothing so worth having.

The stats you link to don't specify the marketplace sampled, but I suspect it covers physical outlets as well as online ones which will skew the figures for debit cards at least (unless my experience is not representative of the larger population).

Re: Braintree now accepts online applications for European merchants

#13

Post by dcc1 » Wed, Mar 27, 2013, 12:31 AM UTC

arkitaip wrote: post #3

dcc1 wrote: post #2

Dont waste your time, I went thru the long and involved signup procedure before sending passport copies for director, bank statements etc Only to be told that my 6 year old business that has been in profit each and every year and does a respectable 6 figure turnover is "too risky" fuck that

What is the nature of your business?

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