Live data from Hacker News

Braintree is giving $50k in processing to every startup

braintreepayments.com

31–40 of 96 posts

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

#31
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.

> That decision is not easy to undo

How so?

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

#32
I am working on a marketplace project right now and I was wondering if anyone can suggest an international payment processor other than PayPal. Braintree Marketplace would have been perfect but it is currently only for the US. The same goes for Balanced Payments and several other options.

(My project involves freelancing and finding small projects - Sign up page at http://www.ladr.io/ if anyone interested)

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

#33
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 t…

Have you ever had to change gateways? They charge 2 cents on top of gateway fees - would it be substantial for you if you went direct to the gateway? I imagine less sales at higher prices it's worth it. Many lower price sales it would be worth it to gateway hop manually cost wise.

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

#34
post #27

Earlier quoted context omitted.

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?

RIGHT after iOS, could be a couple months though :/

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

#36
post #33

Earlier quoted context omitted.

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 t…

Have you ever had to change gateways? They charge 2 cents on top of gateway fees - would it be substantial for you if you went direct to the gateway? I imagine less sales at higher prices it's worth it. Many lower price sales it would be worth it to gateway hop manually cost wise.

The monthly fee makes it unappealing for small volume customers, and the per-transaction fee makes it unappealing for large volume customers. I'm guessing there's some intermediate range, when you are negotiating the final deal, where it's comforting to have that "flexibility".

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

#37

Earlier quoted context omitted.

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?

69% of statistics are made up on the spot :P

The quoted number is plausible insofar as many vendors offer free shipping with purchases over $X

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

#39

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 cheape…

(I work at Stripe, based in the UK.)

Our pricing in EU countries where we've launched (UK + Ireland) starts at 2.4% + 20p (we've revised pricing for each country when we launch out of beta). We regularly give volume pricing well below 1.8% - so at both ends, considerably cheaper than the range quoted above.

Also, which country are you in? Stripe is available in full production-ready beta in France, Germany, Spain, Luxembourg, The Netherlands, Sweden and Finland, with more countries in the coming weeks - keep an eye on https://stripe.com/global for updates.

You can sign up and start using Stripe to process live transactions instantly in all our beta countries - this is a key requirement for us as we expand globally.

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

#40
post #39

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 cheape…

(I work at Stripe, based in the UK.) Our pricing in EU countries where we've launched (UK + Ireland) starts at 2.4% + 20p (we've revised pricing for each country when we launch out of beta). We regularly give volume pricing well below 1.8% - so at both ends, considerably cheaper than the range quoted above. Also, which country are you in? Stripe is available in full production-ready beta in France, Germany, Spain, Lu…

I'm in Denmark. Any idea as to when Stripe is coming to Denmark?

Will merchants be instantly approved, or does it take several days/weeks?

Post reply on HN