PayPal Acquires Braintree for $800M

Post by yesplorer » Thu, Sep 26, 2013, 2:17 PM UTC

yogo wrote: post #88

jacquesm wrote: post #75

The big winner here is not Braintree (though all the founders and current investors are to be congratulated) but Stripe. PC & Co, keep at it :)

Right now Braintree is a big winner. They built a great alternative and successfully exited. Longer term it does make things very favorable for Stripe.

Post by jusben1369 » Thu, Sep 26, 2013, 2:20 PM UTC

rafski wrote: post #83

"Speaking to RTÉ News in Dublin, Stripe chief executive Patrick Collison said he and brother John have no plans to sell the company. He said they already have experience of selling a company early in their careers and saw what that involves." http://www.rte.ie/news/business/2013/0903/471900-stripe-laun... The video interviews with Patrick are worth a look too. Patrick is 24, his brother is even younger. I am with Str…

Post by Karunamon » Thu, Sep 26, 2013, 2:22 PM UTC

badclient wrote: post #85

gilrain wrote: post #67

Earlier quoted context omitted.

Yes, and PayPal definitely has a history of not upsetting its customers, avoiding negative PR, and not making things worse for themselves. We can certainly bet on them to handle this acquisition in a reasonable way.

Show me a company working as a purely Internet bank of sorts and I'll show you a company with pissed off customers. Truth is, this business is very hard. For every time Paypal misidentifies a target and blocks their payments, they correctly identify scammers many more times. We tend to think "is it that hard to tell a scammer from blah legit site ?". The answer is yes because guess what scammers are thinking everyday…

Post by richardlblair » Thu, Sep 26, 2013, 2:35 PM UTC

Post by jusben1369 » Thu, Sep 26, 2013, 2:37 PM UTC

tednaleid wrote: post #44

jgalt212 wrote: post #39

Earlier quoted context omitted.

I heard that. As I've said before, people revere the PayPal mafia, but revile PayPal. As it's been said by others here, this is certainly good for Stripe because more than a few Braintree customers will flock their way to avoid PayPal, but it also creates opportunities for other upstarts in this arena. That being said, there is a certain amount of lock-in for these products, so while it's relatively easy for a busine…

If only PayPal had joined Braintree's "Credit Card Data Portability" initiative [1]. I'm betting that's dead now with them joining PayPal, if it's even still active. If it is, get your data out quick before PayPal can lock it in! [1]: https://www.braintreepayments.com/blog/open-letter-to-the-ce...