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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

#21

Post by tomasien »

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.

It's actually probably WAY more than that - you're forgetting the $.30.

If your average cart size is $20 - that's an additional $750. $10 (Lots of Saas) it's $1,500.

Average cart size for online shopping is $110, so that's more like $150 which isn't so bad.

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

#23

Post by mcintyre1994 »

tomasien wrote: post #21
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.

It's actually probably WAY more than that - you're forgetting the $.30. If your average cart size is $20 - that's an additional $750. $10 (Lots of Saas) it's $1,500. Average cart size for online shopping is $110, so that's more like $150 which isn't so bad.

Have you got a source/more detail on that average figure out of interest, that's way higher than I expected. Is it mean or median?

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

#24

Post by workhere-io »

As a European who was disappointed that Stripe isn't in my country yet, I was pleasantly surprised to find out that Braintree is every bit as easy to use[1] (took me a half hour to set up a test transaction website), and it's even cheaper than Stripe. (Edit: Seems Braintree's European pricing differs from their US pricing. Braintree's European pricing is 1.8% to 2.6% (everything included) which is considerably cheaper than Stripe).

The only downside I can see is the approval process which in Europe takes 7-10 days.

1) https://www.braintreepayments.com/docs/python/guide/getting_...

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

#26

Post by tomasien »

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.

Don't underestimate Dwolla - they're a fantastic company, and even if "nobody uses it" if that nobody is fast growing into "somebody", that's really something to consider.

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

#27

Post by fumar »

tomasien wrote: post #18
mamcx wrote: post #12

Earlier quoted context omitted.

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.

Anything on the roadmap for Android?

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

#28

Post by jgalt212 »

nayefc wrote: post #4
jgalt212 wrote: post #3

Earlier quoted context omitted.

It's probably this sort of heated competition that keeps Square from being able to IPO in 2014.

Square is tackling different type of merchants. It's not quite this that is keeping Square from an IPO; but they messed up in a few ways along with Chase (their merchant acquirer) releasing the same product undercutting the Square margin. Not to mention PayPal's ability to lower the price or the international market is almost gone for Square (others have copied Square).

I hear you on that. I guess it depends how narrowly one defines market. And I guess the more narrowly one defines it, the harder it is to justify a valuation.

That being said, I suspect my downvotes were a function of Jack Dorsey fanboys knee-jerking more so that my overly broad definition of the payments market.

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

#29

Post by contacternst »

tomasien wrote: post #16
primitivesuave wrote: post #14

Earlier quoted context omitted.

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 integr…

Hey, I'm wondering if Knox integrates with Key Bank? Thanks

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

#30

Post by vamega »

tomasien wrote: post #16
primitivesuave wrote: post #14

Earlier quoted context omitted.

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 integr…

Hey, I just tried signing up and the site says I need to enter a referrer. Any chance you could let me see what this is like?
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