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This has put me off of Braintree and on to Stripe, but not for the reasons you might suspect. You see, I still want to take PayPal payments from my customers wh

This has put me off of Braintree and on to Stripe, but not for the reasons you might suspect. You see, I still want to take PayPal payments from my customers who prefer it. But it doesn't seem like a good business to have all my eggs in one basket, and using a competing payment system gives me the ability to switch PayPal off if they try any shenanigans.

dangrossman 13y ago
That's why I only code against Spreedly [1] instead of directly against any payment processor. One API instead of 53, switch processors just by changing a variable, and you can securely store customers' payment info without locking yourself into any processor's vaulting solution either. 1: https://spreedly.com/ https://spreedly.com/
- mithras 13y ago
  But instead you are reliant on Spreedly. Looks interesting though.
  - dangrossman 13y ago
    Which is a much better thing to be reliant on. Payment processors are in the risk business -- becoming a risky account to underwrite, or their making a mistake in evaluating the risk, means you lose your account, any money that hasn't yet made it to your bank, and any customer info you have stored. Because the processor bears all the risk for chargebacks and bankruptcies of its merchants, it's an extremely thin margin business. Spreedly is in the secure API business. They don't care much about the health of your business, the risk associated with your transactions, or anything else the processors care about. They just have to pass around messages and get paid a fee every time they do. It's a fat margin business. The risk of losing a Spreedly account is much lower than losing a payment account. The risk of Spreedly suddenly going out of business is much lower than the risk of a small merchant account provider/reseller going out of business. And if you choose to stop relying on Spreedly, they'll hand you all your customer data (securely) to take elsewhere, which most gateways with card vaulting refuse to do. It's not a choice of who to commit to, it's freedom from vendor lock-in.
- nivertech 13y ago
  do they support payouts?
  - jareau 13y ago
    Spreedly supports Balanced [1] and Balanced specializes in payouts [2] [1] https://core.spreedly.com/manual/payment-gateways/balanced https://core.spreedly.com/manual/payment-gateways/balanced [2] http://blog.balancedpayments.com/announcing-balanced-payouts/ http://blog.balancedpayments.com/announcing-balanced-payouts...
dhimes 13y ago
Those are exactly the reasons I suspected- and I whole-heartedly agree.

dangrossman 13y ago

That's why I only code against Spreedly [1] instead of directly against any payment processor. One API instead of 53, switch processors just by changing a variable, and you can securely store customers' payment info without locking yourself into any processor's vaulting solution either. 1: https://spreedly.com/ https://spreedly.com/

mithras 13y ago
But instead you are reliant on Spreedly. Looks interesting though.
- dangrossman 13y ago
  Which is a much better thing to be reliant on. Payment processors are in the risk business -- becoming a risky account to underwrite, or their making a mistake in evaluating the risk, means you lose your account, any money that hasn't yet made it to your bank, and any customer info you have stored. Because the processor bears all the risk for chargebacks and bankruptcies of its merchants, it's an extremely thin margin business. Spreedly is in the secure API business. They don't care much about the health of your business, the risk associated with your transactions, or anything else the processors care about. They just have to pass around messages and get paid a fee every time they do. It's a fat margin business. The risk of losing a Spreedly account is much lower than losing a payment account. The risk of Spreedly suddenly going out of business is much lower than the risk of a small merchant account provider/reseller going out of business. And if you choose to stop relying on Spreedly, they'll hand you all your customer data (securely) to take elsewhere, which most gateways with card vaulting refuse to do. It's not a choice of who to commit to, it's freedom from vendor lock-in.
nivertech 13y ago
do they support payouts?
- jareau 13y ago
  Spreedly supports Balanced [1] and Balanced specializes in payouts [2] [1] https://core.spreedly.com/manual/payment-gateways/balanced https://core.spreedly.com/manual/payment-gateways/balanced [2] http://blog.balancedpayments.com/announcing-balanced-payouts/ http://blog.balancedpayments.com/announcing-balanced-payouts...

dhimes 13y ago

Those are exactly the reasons I suspected- and I whole-heartedly agree.