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Braintree is giving $50k in processing to every startup

braintreepayments.com

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Re: Braintree is giving $50k in processing to every startup

#11

Post by jtchang »

superuser2 wrote: post #9
jtchang wrote: post #2

Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others. One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume. One thing I really want to do is take on the m…

it exists; it's called Dwolla and almost no one uses it.

Yup. If everyone just had a Dwolla card.

Re: Braintree is giving $50k in processing to every startup

#12

Post by mamcx »

tomasien wrote: post #6
jtchang wrote: post #2

Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others. One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume. One thing I really want to do is take on the m…

That last paragraph is spectacularly spot on - that's why I started knoxpayments.com - connecting people directly into their banks. No fees on micro, $0.18 on everything else - flat. Just won Best Enterprise at Launch 2014, and we're moving fast toward solving this problem for folks!

Is posible to integrate into a IOS App?

Re: Braintree is giving $50k in processing to every startup

#13

Post by zaidf »

Works out to about $1,450 in savings if you process $50,000. I hope people don't impulsively go with them just to take advantage of this offer. In fact, you probably don't want this offer to have anything to do with your decision-making on the best processor for your needs. That decision is not easy to undo - and will easily cost you more than the savings.

Re: Braintree is giving $50k in processing to every startup

#14

Post by primitivesuave »

tomasien wrote: post #6
jtchang wrote: post #2

Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others. One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume. One thing I really want to do is take on the m…

That last paragraph is spectacularly spot on - that's why I started knoxpayments.com - connecting people directly into their banks. No fees on micro, $0.18 on everything else - flat. Just won Best Enterprise at Launch 2014, and we're moving fast toward solving this problem for folks!

Wow! Thank you for sharing your startup. I see what you're doing and it's really a brilliant idea - it would work very well for payment funnels where consumers trust the brand.

I don't see any developer documentation though - is this intentional, or did I miss the link somewhere?

Re: Braintree is giving $50k in processing to every startup

#15

Post by lbarrow »

jtchang wrote: post #2

Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others. One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume. One thing I really want to do is take on the m…

Braintree will also negotiate with you once you hit a certain volume.

Re: Braintree is giving $50k in processing to every startup

#16

Post by tomasien »

primitivesuave wrote: post #14
tomasien wrote: post #6

Earlier quoted context omitted.

That last paragraph is spectacularly spot on - that's why I started knoxpayments.com - connecting people directly into their banks. No fees on micro, $0.18 on everything else - flat. Just won Best Enterprise at Launch 2014, and we're moving fast toward solving this problem for folks!

Wow! Thank you for sharing your startup. I see what you're doing and it's really a brilliant idea - it would work very well for payment funnels where consumers trust the brand. I don't see any developer documentation though - is this intentional, or did I miss the link somewhere?

Is that intentional - heck no! It's a massive and glaring omission in our offering!

No but seriously, I'm banging away at documentation right now - the problem is it wasn't clear what exactly we needed to document until we launched and got the deluge of customer feedback that we've now gotten. It's now become clear that we're missing some critical features (for a lot of people) and that's it's not clear how to integrate it. Live and learn!

Essentially though, for 1 to 1 payments, you'll just sign up, sync your bank account, and you'll get a JS snippet and an HTML div. Put those on your site, feed the JS a payment amount, and when someone clicks the button - they'll pay, and you'll get the money. Then, at the end of the payment, you'll get a payment ID that you can store and use our entirely undocumented API to retrieve information you need later.

Re: Braintree is giving $50k in processing to every startup

#17

Post by tomasien »

jtchang wrote: post #8
tomasien wrote: post #6

Earlier quoted context omitted.

That last paragraph is spectacularly spot on - that's why I started knoxpayments.com - connecting people directly into their banks. No fees on micro, $0.18 on everything else - flat. Just won Best Enterprise at Launch 2014, and we're moving fast toward solving this problem for folks!

Are you able to take visa/mastercard?

We are not - we sync directly with people's online banking to make ACH payments without asking people to know their account and routing number.

Re: Braintree is giving $50k in processing to every startup

#18

Post by tomasien »

mamcx wrote: post #12
tomasien wrote: post #6

Earlier quoted context omitted.

That last paragraph is spectacularly spot on - that's why I started knoxpayments.com - connecting people directly into their banks. No fees on micro, $0.18 on everything else - flat. Just won Best Enterprise at Launch 2014, and we're moving fast toward solving this problem for folks!

Is posible to integrate into a IOS App?

We're building that SDK now - tommy at knoxpayments.com I can tell you more about it and see if it makes sense for what you're building.

Re: Braintree is giving $50k in processing to every startup

#19

Post by dangrossman »

zaidf wrote: post #13

Works out to about $1,450 in savings if you process $50,000. I hope people don't impulsively go with them just to take advantage of this offer. In fact, you probably don't want this offer to have anything to do with your decision-making on the best processor for your needs. That decision is not easy to undo - and will easily cost you more than the savings.

There's no commitment if you code against Spreedly instead of against Braintree's API. Then, once you save your $1450, you can switch processors if you're so inclined by changing just one token in your code.

Spreedly is a unified API for 58 payment gateways, a gateway-agnostic billing info vault so your customer info isn't trapped in whatever processor you chose at the time they signed up, and can alleviate much of the PCIDSS compliance burden if you choose to point your payment forms to them instead of your own server.

https://spreedly.com

I've been using them for a few years now. If you have a lot of recurring billing, knowing that you own that customer data instead of your processor, and your processor cutting you off without notice (which ALL of them can and have done to customers) won't interrupt your business, is peace of mind Spreedly sells very cheaply.

Re: Braintree is giving $50k in processing to every startup

#20

Post by [deleted] »

jtchang wrote: post #2

Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others. One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume. One thing I really want to do is take on the m…

[deleted]
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