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if using Braintree would lead to problems like the ones mentioned by OP, what are the alternatives, in US and elsewhere, square cash?

by zod50 10y ago

wheelerwj 10y ago
Stripe, probably, is going to handle something like this the best. but there are a TON of "alternatives" out there.
- pm90 10y ago
  Is it very hard to roll an in house solution in collaboration with a local bank?
  - briandear 10y ago
    I was about to say that this 'problem" smells like a potential new startup.
    - wheelerwj 10y ago
      payments, in general, are terrible for startups. They are low margin, high capital cost, extremely regulated, and highly competitive. The incumbents have zero interest or incentive to work with you, so you have to be very well connected to get anything done. All of these alone make it a bad idea for a startup, but combined, they are nothing short of insurmountable for all but the experienced and well funded founders. Here is a great piece by Danny Shader, CEO of PayNearMe. They are one of the most successful payments startups in recent history. You should give it a read: http://venturebeat.com/2015/02/17/so-you-want-to-start-a-payments-company/ http://venturebeat.com/2015/02/17/so-you-want-to-start-a-pay...
  - flurdy 10y ago
    Not hard. And is an option as a fall back mode. Especially if not making any money yet.... But not one I would recommend. As you would spend too much of your time on your payment solution than your business. Continually trying to detect fraud, recovering from devastating fraud that has already happened, dealing with volumes of chargebacks, hiring a lot of customer service people, wasting time on edge cases, accepting customers from different countries, dealign with legal from different countries etc. If only a niche business for local customers, with low volume, then fine. Not for nationwide, definitely not for international, and not for big volumes.
flurdy 10y ago
https://en.wikipedia.org/wiki/List_of_online_payment_service_providers https://en.wikipedia.org/wiki/List_of_online_payment_service... Lots there and to be fair there a lot of other providers not even listed on that wikipedia page. Actually a few big ones that I have worked are not on there: Vindicia, PayEx, Paymill, etc

if using Braintree would lead to problems like the ones mentioned by OP, what are the alternatives, in US and elsewhere, square cash?

by zod50 10y ago

if using Braintree would lead to problems like the ones mentioned by OP, what are the alternatives, in US and elsewhere, square cash?

wheelerwj 10y ago

Stripe, probably, is going to handle something like this the best. but there are a TON of "alternatives" out there.

pm90 10y ago
Is it very hard to roll an in house solution in collaboration with a local bank?
- briandear 10y ago
  I was about to say that this 'problem" smells like a potential new startup.
  - wheelerwj 10y ago
    payments, in general, are terrible for startups. They are low margin, high capital cost, extremely regulated, and highly competitive. The incumbents have zero interest or incentive to work with you, so you have to be very well connected to get anything done. All of these alone make it a bad idea for a startup, but combined, they are nothing short of insurmountable for all but the experienced and well funded founders. Here is a great piece by Danny Shader, CEO of PayNearMe. They are one of the most successful payments startups in recent history. You should give it a read: http://venturebeat.com/2015/02/17/so-you-want-to-start-a-payments-company/ http://venturebeat.com/2015/02/17/so-you-want-to-start-a-pay...
- flurdy 10y ago
  Not hard. And is an option as a fall back mode. Especially if not making any money yet.... But not one I would recommend. As you would spend too much of your time on your payment solution than your business. Continually trying to detect fraud, recovering from devastating fraud that has already happened, dealing with volumes of chargebacks, hiring a lot of customer service people, wasting time on edge cases, accepting customers from different countries, dealign with legal from different countries etc. If only a niche business for local customers, with low volume, then fine. Not for nationwide, definitely not for international, and not for big volumes.

flurdy 10y ago

https://en.wikipedia.org/wiki/List_of_online_payment_service_providers https://en.wikipedia.org/wiki/List_of_online_payment_service... Lots there and to be fair there a lot of other providers not even listed on that wikipedia page. Actually a few big ones that I have worked are not on there: Vindicia, PayEx, Paymill, etc