8 ms·
Congrats to Stripe for all the new users!
by chuckd1356 13y ago
Congrats to Stripe for all the new users!
- pcunite 13y agoWow, I was looking at Braintree when I found Stripe last year. I wanted something truly different from PayPal for my customers. Looks like I made the right call.
- jusben1369 13y agoHah. The real lesson if course is no place is really a safe port.
- Silhouette 13y agoI suspect this is very good timing on the part of Braintree. With Stripe now actively rolling out across more than North America and with other low-overhead payment services starting to appear as well, Braintree were effectively trapped in no-man's-land with their existing business model. For start-ups and small businesses, they were way too heavy for even basic stuff like signing up compared to the new competition. For larger, established businesses, direct merchant accounts and other banking facilities are probably worth the hassle given the better margins available. If I were them and had an out like this, I'd take it in a heartbeat, too.
- jgalt212 13y agoI 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 business to transition their new users/payers from Braintree to Stripe/others, it's pretty painful to transition existing users/payers out of Braintree as all existing users would need to re-key their CC numbers and billing addresses.
- szaronsj 13y agoBraintree offers data portability, so you can transition existing customers & credit cards to a new payment system easily. That being said, I see no reason to jump ship unless service deteriorates
- tednaleid 13y agoIf 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-ceos-of-paypal-and-authorize-net-help-end-the-credit-card-data-hostage-situation https://www.braintreepayments.com/blog/open-letter-to-the-ce...
- AhtiK 13y agoI'm somewhat annoyed that they do not publish the list of providers who have joined this initiative [1]. [1] http://www.portabilitystandard.org/ http://www.portabilitystandard.org/ (FAQ Q #1)
- deleted 13y ago[deleted]
- polarix 13y agohttp://goo.gl/b4onl0 http://goo.gl/b4onl0 -- google image search for it Looks like (unconfirmed list): fusebill, atpay, braintree, recurly, chargebee, app55, uberglobal
- jusben1369 13y agoOr you could use Braintree with Spreedly to keep your options open: http://blog.spreedly.com/2013/09/26/braintree-payments-a-port-in-the-storm/ http://blog.spreedly.com/2013/09/26/braintree-payments-a-por...
- lbarrow 13y agoI'm an engineer with Braintree. This deal will not affect our participation in the Credit Card Portability Standard.
- jareau 13y agoWhy would merchants looking to switch from Braintree expect Stripe's fate to be any different (i.e. acquisition)?