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I am not US based but still need a decent payment processing system. All existing payment processing companies are US-centric. Any luck for us?
by subbu 16y ago
I am not US based but still need a decent payment processing system. All existing payment processing companies are US-centric. Any luck for us?
- tomjen3 16y agoI have the same problem. Any startup who wants a wide open market?
- pg 16y agoI'm sure they will expand internationally as quickly as they can, because the founders themselves are from Europe.
- fredoliveira 16y agoHow are they doing things differently from a merchant account perspective? We just finished setting up a merchant account for one of our products and that process is a huge productivity bottleneck. There are a number of solutions out there today for startups who want to process payments (chargify comes to mind) but they all pretty much have the same problem - having to deal with a merchant account setup. If that takes weeks, the setup takes weeks too, even if the new gateway needs only a few minutes to get you started on their end.
- deleted 16y ago[deleted]
- blueben 16y agoSocialGold handles payments for a wide variety of international currencies and payment systems.
- run4yourlives 16y agoActually... since these guys are YC - I offer my .02Cents. There are a number of us in this exact situation and it is a GIANT pain point. This market is basically untapped... if you can/want to tackle non-US payment processing, you will make a killing.
- fredoliveira 16y agoYou are right on the money (pun intended). Europe and Asia are two huge markets with no fast and easy solution to payment processing. There's about a handful of providers who are 'so-so'. We ended up going with Paylane (merchant account setup took about a month - which is insane). Worldpay was another option but they required people who wanted to pay for our service to have an account on theirs (seriously).
- rit 16y agoI do consulting work for a friend who has a surprisingly common problem: He needs to do card processing but only certain times out of the year. He goes to conventions and sells merchandise, etc and wants to be able to take credit cards but the monthly & inactivity fees would wipe him out. So far all I've seen that could fix this potentially is Square, but they have yet to ship out their swiping widgets to use to try it out. If someone can find a way to make it affordable to process cards "When you need it" it might be huge.
- trafficlight 16y agoHave they shipped any of the swiping widgets yet? I signed up about a month ago and still haven't heard anything.
- spicyj 16y agoYep, I got mine about a month ago.
- thetrumanshow 16y agoStill waiting for mine. I setup my account on the day the app appeared in the app store.
- crystalis 16y agoIs it possible to be a "UHaul" of card processing? What are the limits for one company processing cards for another?
- jasonkester 16y agoSpecifically, there's almost nobody out there that can handle payments to non-US citizens. Give me something exactly like Amazon FPS, but that allows sending money to somebody in Peru, and I'll pay you for it.