4 ms·

Braintree’s Payments Platform Launches Across Europe And Canada

41 points by jodosha 14y ago

rmoriz 14y ago
No plans/prices?
- jkaljundi 14y ago
  Processing costs are interchange (the market rate set by Visa and Mastercard) + .70 basis points. If the interchange rate is 1.20%, you will pay 1.90%, for example. Monthly pricing is 100 EUR/GBP per month. That includes your first 1000 transaction fees for free. Starting from your 1001st transaction, you will pay 0.10 EUR/GBP per transaction.
- deleted 14y ago
  [deleted]
- klynch 14y ago
  Kristi from Braintree here. We have multiple banking partners throughout the world who have different pricing structures and are willing to accept different merchant types. We're working to standardize this to make it easier on you. As always, our pricing is transparent and we don't have any hidden fees.
mooism2 14y ago
How do they compare to Stripe?
entropyneur 14y ago
Great to see things finally starting to move in the EU payments space! However with the amount of paperwork required to apply and opaque "contact us" pricing (which includes significant monthly fees if it's anything like the US counterpart) it doesn't sound like they are interested in small clients. Sticking with FastSpring for now, despite their huge transaction fees.
- huxley 14y ago
  Really? Seems fairly transparent to me. https://www.braintreepayments.com/pricing https://www.braintreepayments.com/pricing Fastspring charges 5.9% + $0.95 (or optionally 8.9%) and then holds your money for 2 weeks at a time. The paperwork and $35/month fee (with $75 minimum in transaction fees) are the reason that Braintree can charge their rate. The lack of those is why Fastspring charges what it does.
  - klynch 14y ago
    This is Kristi from Braintree. @huxley - this pricing https://www.braintreepayments.com/pricing https://www.braintreepayments.com/pricing is for U.S. based customers. @entropyneur - we've not published international pricing because we work with multiple banking partners throughout the world who have different pricing structures and accept different merchant types. We're working on standardizing this and making it easier for you. We have a ton of other improvements in the pipeline that will continually improve our offering.
hendi_ 14y ago
Does somebody has experience with them or knows how they compare to SaaSy/Fastspring? From a first glance they both provide a complete solution for payments, including a gateway for tacking credit card, merchant account, recurring billing, invoicing and stuff like that.
- fastspring 14y ago
  SaaSy from FastSpring is an all-inclusive, full service offering that requires far less development work to obtain the key functionality needed for a serious SaaS business. SaaSy has no monthly charges, handles global tax management (VAT included), the order pages are translated into 20+ languages, has paypal integration, order & billing support for clients' customers, reseller management, avoids having to deal with anything related to PCI compliance, has a built-in shopping cart, integration with Google Analytics, Adwords, and countless other 3rd party services, has a future bill testing GUI, supports on-demand subscriptions, pre-bill (annual) notifications, and the list goes on.
iambot 14y ago
GoCardless [1] based out of London is looking like it'll be the Stripe of the UK. [1]: https://gocardless.com/ https://gocardless.com/
- ropiku 14y ago
  That's a very good idea but unfortunately it can only be used by UK clients.
- andrewingram 14y ago
  To the best of my knowledge, you can't handle refunds through the GoCardless API, you have to arrange a BACS transfer by other means. My experience working with e-commerce is that refunds happen so frequently that this presents a massive hurdle to using GoCardless.
- clarkdave 14y ago
  Although GoCardless is great, it's not the same as a Stripe. Direct debits don't offer immediate transfer of funds[0] (they take a few days) which limits its suitability for a lot of e-commerce applications. As someone else mentioned, the lack of refunds is also an issue. That said, for service invoicing, subscriptions, etc it's fantastic. [0] https://gocardless.com/direct_debit https://gocardless.com/direct_debit
- snowwolf 14y ago
  One of the best features of Stripe was actually "invented" by Braintree - https://www.braintreepayments.com/braintrust/client-side-encryption https://www.braintreepayments.com/braintrust/client-side-enc... https://www.braintreepayments.com/docs/javascript https://www.braintreepayments.com/docs/javascript What's great about this is it allows you to host all your payment pages and post them back to your server for processing/validation, without having to worry about PCI compliance apart from the most basic level as you never touch the credit card details.
npguy 14y ago
For perspective, it is interesting to observe whats happening in the low-end space for payments as well. There is a firm called eko - referred to as "India's Square" - payments done using simple SMS.
fesja 14y ago
So much welcome to Europe! It's amazing it has taken so much years to have a decent solution for the continent. Stripe next?
davidlumley 14y ago
I thought Braintree was also looking at launching in Australia during Q3? Was hoping to find that in this release as well, as the only real alternative (pin.net.au) is still in private beta.
- philipsflat 14y ago
  We'll be in Australia soon as well. Keep an eye out!
  - ngsayjoe 14y ago
    You should come to Singapore / Hong Kong ... which is gateway to other Asian countries!
    - philipsflat 14y ago
      We'd love to. We're definitely not done introducing our product to other countries. If you go to https://www.braintreepayments.com/tour/international https://www.braintreepayments.com/tour/international and click on the link to the right that says, "Not in Canada or the EU?" that will put you on a notification list for when we are in your specific country.
cstuder 14y ago
From the article: Supported countries are now: the U.S., the U.K., Austria, Belgium, Bulgaria, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Ireland, and Italy. (As a Swiss citizen, I'm feeling non-european again...)
- _delirium 14y ago
  Looks like it's only European Union members, hence Norway is missing as well.
- danmaz74 14y ago
  I would welcome Swiss in the EU :)
- klynch 14y ago
  We're currently working on additional countries as we speak! Braintree should be available to our Swiss friends within 30-60 days.
deleted 14y ago
[deleted]
dmytton 14y ago
Server Density has recently finished integrating into Braintree having had awful experiences with Netbanx (aka Optimal Payments) in the UK. Our existing provider, Netbanx, have terrible customer support often taking days to reply to e-mails and refusing to answer questions over the phone. They have no out of hours support for critical issues and continually change their backend and API without informing customers. This meant we often had failed payments because changes Netbanx made which were undocumented and broke our integration. Having a stable and trusted payment processing partner is essential and Netbanx failed to get this right. Braintree support has been excellent for the few times we've needed it (their dev docs are great, as are the libraries for each language) and it means we now combine our merchant account and payment API in a single provider, one control panel, one set of rates and one location for support.
- oliwarner 14y ago
  Netbanx personifies awful. I'm surprised it's still around. Background: Lost two clients because of Netbanx foul-ups in the past 16 years.
kennethologist 14y ago
Hopefully a payments provider can come to the Latin America and Caribbean Market soon...

41 points by jodosha 14y ago

rmoriz 14y ago

No plans/prices?

jkaljundi 14y ago
Processing costs are interchange (the market rate set by Visa and Mastercard) + .70 basis points. If the interchange rate is 1.20%, you will pay 1.90%, for example. Monthly pricing is 100 EUR/GBP per month. That includes your first 1000 transaction fees for free. Starting from your 1001st transaction, you will pay 0.10 EUR/GBP per transaction.
deleted 14y ago
[deleted]
klynch 14y ago
Kristi from Braintree here. We have multiple banking partners throughout the world who have different pricing structures and are willing to accept different merchant types. We're working to standardize this to make it easier on you. As always, our pricing is transparent and we don't have any hidden fees.

mooism2 14y ago

How do they compare to Stripe?

entropyneur 14y ago

Great to see things finally starting to move in the EU payments space! However with the amount of paperwork required to apply and opaque "contact us" pricing (which includes significant monthly fees if it's anything like the US counterpart) it doesn't sound like they are interested in small clients. Sticking with FastSpring for now, despite their huge transaction fees.

huxley 14y ago
Really? Seems fairly transparent to me. https://www.braintreepayments.com/pricing https://www.braintreepayments.com/pricing Fastspring charges 5.9% + $0.95 (or optionally 8.9%) and then holds your money for 2 weeks at a time. The paperwork and $35/month fee (with $75 minimum in transaction fees) are the reason that Braintree can charge their rate. The lack of those is why Fastspring charges what it does.
- klynch 14y ago
  This is Kristi from Braintree. @huxley - this pricing https://www.braintreepayments.com/pricing https://www.braintreepayments.com/pricing is for U.S. based customers. @entropyneur - we've not published international pricing because we work with multiple banking partners throughout the world who have different pricing structures and accept different merchant types. We're working on standardizing this and making it easier for you. We have a ton of other improvements in the pipeline that will continually improve our offering.

hendi_ 14y ago

Does somebody has experience with them or knows how they compare to SaaSy/Fastspring? From a first glance they both provide a complete solution for payments, including a gateway for tacking credit card, merchant account, recurring billing, invoicing and stuff like that.

fastspring 14y ago
SaaSy from FastSpring is an all-inclusive, full service offering that requires far less development work to obtain the key functionality needed for a serious SaaS business. SaaSy has no monthly charges, handles global tax management (VAT included), the order pages are translated into 20+ languages, has paypal integration, order & billing support for clients' customers, reseller management, avoids having to deal with anything related to PCI compliance, has a built-in shopping cart, integration with Google Analytics, Adwords, and countless other 3rd party services, has a future bill testing GUI, supports on-demand subscriptions, pre-bill (annual) notifications, and the list goes on.

iambot 14y ago

GoCardless [1] based out of London is looking like it'll be the Stripe of the UK. [1]: https://gocardless.com/ https://gocardless.com/

ropiku 14y ago
That's a very good idea but unfortunately it can only be used by UK clients.
andrewingram 14y ago
To the best of my knowledge, you can't handle refunds through the GoCardless API, you have to arrange a BACS transfer by other means. My experience working with e-commerce is that refunds happen so frequently that this presents a massive hurdle to using GoCardless.
clarkdave 14y ago
Although GoCardless is great, it's not the same as a Stripe. Direct debits don't offer immediate transfer of funds[0] (they take a few days) which limits its suitability for a lot of e-commerce applications. As someone else mentioned, the lack of refunds is also an issue. That said, for service invoicing, subscriptions, etc it's fantastic. [0] https://gocardless.com/direct_debit https://gocardless.com/direct_debit
snowwolf 14y ago
One of the best features of Stripe was actually "invented" by Braintree - https://www.braintreepayments.com/braintrust/client-side-encryption https://www.braintreepayments.com/braintrust/client-side-enc... https://www.braintreepayments.com/docs/javascript https://www.braintreepayments.com/docs/javascript What's great about this is it allows you to host all your payment pages and post them back to your server for processing/validation, without having to worry about PCI compliance apart from the most basic level as you never touch the credit card details.

npguy 14y ago

For perspective, it is interesting to observe whats happening in the low-end space for payments as well. There is a firm called eko - referred to as "India's Square" - payments done using simple SMS.

fesja 14y ago

So much welcome to Europe! It's amazing it has taken so much years to have a decent solution for the continent. Stripe next?

davidlumley 14y ago

I thought Braintree was also looking at launching in Australia during Q3? Was hoping to find that in this release as well, as the only real alternative (pin.net.au) is still in private beta.

philipsflat 14y ago
We'll be in Australia soon as well. Keep an eye out!
- ngsayjoe 14y ago
  You should come to Singapore / Hong Kong ... which is gateway to other Asian countries!
  - philipsflat 14y ago
    We'd love to. We're definitely not done introducing our product to other countries. If you go to https://www.braintreepayments.com/tour/international https://www.braintreepayments.com/tour/international and click on the link to the right that says, "Not in Canada or the EU?" that will put you on a notification list for when we are in your specific country.

cstuder 14y ago

From the article: Supported countries are now: the U.S., the U.K., Austria, Belgium, Bulgaria, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Ireland, and Italy. (As a Swiss citizen, I'm feeling non-european again...)

_delirium 14y ago
Looks like it's only European Union members, hence Norway is missing as well.
danmaz74 14y ago
I would welcome Swiss in the EU :)
klynch 14y ago
We're currently working on additional countries as we speak! Braintree should be available to our Swiss friends within 30-60 days.

deleted 14y ago

[deleted]

dmytton 14y ago

Server Density has recently finished integrating into Braintree having had awful experiences with Netbanx (aka Optimal Payments) in the UK. Our existing provider, Netbanx, have terrible customer support often taking days to reply to e-mails and refusing to answer questions over the phone. They have no out of hours support for critical issues and continually change their backend and API without informing customers. This meant we often had failed payments because changes Netbanx made which were undocumented and broke our integration. Having a stable and trusted payment processing partner is essential and Netbanx failed to get this right. Braintree support has been excellent for the few times we've needed it (their dev docs are great, as are the libraries for each language) and it means we now combine our merchant account and payment API in a single provider, one control panel, one set of rates and one location for support.

oliwarner 14y ago
Netbanx personifies awful. I'm surprised it's still around. Background: Lost two clients because of Netbanx foul-ups in the past 16 years.

kennethologist 14y ago

Hopefully a payments provider can come to the Latin America and Caribbean Market soon...