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Braintree is giving $50k in processing to every startup

braintreepayments.com

51–60 of 96 posts

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

#51

Earlier quoted context omitted.

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.

Agreed Dwolla is one of my favorite startups. Talk about upending an industry! I recommend this TWIST episode if you are wondering why:

http://www.youtube.com/watch?v=BFeSgN1cQhg

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

#52
post #33

Earlier quoted context omitted.

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.

> Have you ever had to change gateways? Several times. And have lost customers in the process, since any customer info stored at the gateway is lost and getting hundreds of people to re-type their billing info in is a big undertaking and a big pain. The cost of "hopping gateways" for any SaaS has little to do with the cost of the gateway or the cost of development. It's all about customer retention. When I left one m…

You wouldn't lose customer data if you left Braintree:

https://www.braintreepayments.com/landing/data-portability-p...

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

#53

Earlier quoted context omitted.

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.

Agreed Dwolla is one of my favorite startups. Talk about upending an industry! I recommend this TWIST episode if you are wondering why: http://www.youtube.com/watch?v=BFeSgN1cQhg

[deleted]

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

#54

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…

What am I using to login with my bank? Yodlee?

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

#55
post #6
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!

Nice! How can end users be confident their username/password for their banking site will be kept between them and their bank? (I'd be reluctant to enter those anywhere other than the bank's own site.)

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

#56
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…

I'm also a happy user of Spreedly (via their subscriptions product which is now owned by Pin Payments, IIRC) and can verify that Dan's exactly right about how easy swapping out a gateway was. When I moved from Paypal (their I-can't-believe-it-isn't-a-gateway product) to Stripe it was literally 30 seconds of data entry in their admin screen and zero lines of code changed.

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

#57
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?

I assume he's referring to the fact that you have to write Braintree-specific code (if you choose not to use Spreedly). And if you later decide to switch gateways, you have to do that again. So unless you're convinced Braintree is viable in the long term, you might lose out on the savings you get now with the time wasted doing a rewrite.

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

#59
I'm delighted for all potential US customers to get such a nice deal thrown their way - nice one Braintree! Too bad the offer doesn't extend to Europe, but I can appreciate the complexity in setting up something like this world wide.

I'm currently in the process of going live with two sites using Braintree, and everything has been great so far. Excellent Python API, documentation and extremely quick, knowledgeable and friendly support.

My previous payment provider experience has been with Cleverbridge, Digital River and Paymill...and so far Braintree has managed to surpass them in every single way. YMMV but for my use case Braintree has been a great fit.

Keep up the good work!

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

#60
post #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)

Check out MangoPay.

We are based in the US and I don't think we will be eligible. From their FAQ -

Am I eligible to use MangoPay?

All companies registered in the European Economic Area can use our solution.

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