...for any U.S.-based startup...
Braintree is giving $50k in processing to every startup
81–90 of 96 posts
Re: Braintree is giving $50k in processing to every startup
#82Earlier quoted context omitted.
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.
No, I think it was just sort of an ill-informed, senseless and inaccurate comment.
You're a loser.
Re: Braintree is giving $50k in processing to every startup
#83Earlier quoted context omitted.
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.
Actually, Stripe's market is smaller than Square's. But these business models will never capture a large percentage of their respective markets anyway due to the high rates (negotiating with an acquirer can get you almost 50% less than their rates). After all, "Simple Pricing" is not as good as it sounds. Why pay 2.9% on a 0.05% debit card for the sake of simplicity? I'm sure Excel can handle these variations. This is an unfortunate consequence of the inefficiencies of that industry.
Re: Braintree is giving $50k in processing to every startup
#84Earlier quoted context omitted.
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.
Hi I'm the founder of Mangopay. You can process payment in € $ £, and 7 other currencies on Mangopay. But you are right, you should have a company incorpored in Europe. Feel free to contact us! C.
Re: Braintree is giving $50k in processing to every startup
#85Earlier quoted context omitted.
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.
Does that mean you require their bank account login info? If not how do you access enough infor for ACH?
That's the one!
Re: Braintree is giving $50k in processing to every startup
#86Non US, non EU merchant? Sorry no cookie for you. :(
Re: Braintree is giving $50k in processing to every startup
#87Re: Braintree is giving $50k in processing to every startup
#88Earlier quoted context omitted.
You wouldn't lose customer data if you left Braintree: https://www.braintreepayments.com/landing/data-portability-p...
What are some examples of qualified providers that will accept this type of data?
It says they'll accept a public key from the merchant, which is you; you don't need to find a provider that'll work with the data in whatever format it's in.
The "attestation of PCI compliance from a qualified provider" line refers to companies like these: https://www.pcisecuritystandards.org/approved_companies_prov...
Anyone with a merchant account to accept credit cards online already has a relationship with at least a QSA, and is already getting a quarterly attestation of compliance after completing a questionnaire and security scan of their server environment; it's required by PCIDSS and merchant account providers enforce it, typically providing an account with a QSA for a non-optional annual fee and imposing another fee if you fail to remain compliant.
It's just a formality having them forward that attestation to Braintree before they hand you the data dump.
Re: Braintree is giving $50k in processing to every startup
#89Works 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.
Yes - the headline is a little misleading. It's not "Here's 50k on us".
Re: Braintree is giving $50k in processing to every startup
#90Which countries do they support?