jareau

9 ms·

1. 31.▲
   by jareau 13y ago

   zende, cristinacordova, I like where this is headed. Created an issue on Balanced's blog repo to discuss the topic further. This would be a huge win for customers if we could find a way to work together to bring prices down even furthe
2. 32.▲
   by jareau 13y ago

   (I'm a Balanced employee) We certainly could offer cost+ pricing. In fact, that's the status quo in most of the payments industry right now. But as cristinacordova from Stripe points out above: "We optimize for simplicity tho
3. 33.▲
   by jareau 13y ago

   PayPal's open pricing was part of the inspiration for opening up our pricing tiers. PayPal however sells directly to merchants. Balanced sells to marketplaces, which benefit from the aggregated volume of merchants on their platform, he
4. 34.▲
   by jareau 13y ago

   yes.
5. 35.▲
   by jareau 13y ago

   This is really good insight abalone. Thanks for sharing.
6. 36.▲
   by jareau 13y ago

   We had the same issue with our banking partners. Their pricing schemes are very opaque and we didn't know when we should approach them. We, and you, have better things to do than polling a bank/payments provider asking for discoun
7. 37.▲
   by jareau 13y ago

   Thanks for using Balanced. Yes, this is per marketplace. We'd love to give you a discount. Our discounts are applied quarterly, so if you get to $100K+ by April 1, we'd be happy to drop your rate to 2.7% + 30¢ More here: https:&#
8. 38.▲
   by jareau 13y ago

   (I'm a Balanced employee) Sorry if this isn't clear. We don't have separate pricing for credit vs. debit cards. These rates are blended for all card types.
9. 39.▲
   by jareau 13y ago

   (I'm a Balanced employee) We calculate these fees per marketplace. Usually a single marketplace has many merchants associated with it.
10. 40.▲
    by jareau 13y ago

    Balanced employee here. Thanks for calling us out, robotfelix (honestly). We're working on expanding internationally, but until then checkout mangopay.com for European marketplace payments.
11. 41.▲
    by jareau 13y ago

    Balanced employee here. Axsuul, thanks for checking out Balanced! Let me know if I can answer any questions.
12. 42.▲
    by jareau 13y ago

    Sorry I didn't disclose that I'm a Balanced co-founder. HN won't allow me to go back and edit now. Thanks for taking the time to respond, Jay, and I appreciate the honest feedback. I'd be concerned if you didn't tak
13. 43.▲
    by jareau 13y ago

    pc probably has the authoritative answer, but this Quora answer by Vish Shastry might shed some light: http://www.quora.com/Online-and-Mobile-Payments/When-will-St... Excerpt: >I have no particular insight into Stri
14. 44.▲
    by jareau 13y ago

    @memset who did you end up using for payments?
15. 45.▲
    by jareau 13y ago

    This is a huge problem for me. Excited to see how this works!
16. 46.▲
    by jareau 13y ago

    Congrats to the the Crowdtilt team!
17. 47.▲
    by jareau 13y ago

    Really appreciate the support!
18. 48.▲
    by jareau 13y ago

    thanks for the feedback, @msutherl. passed this along to our designer.
19. 49.▲
    by jareau 13y ago

    Zach, exactly! We think of Balanced as payments by developers. For example: we've got a guy named victor in Taiwan that's completely taken over work on the recurring billing/payouts engine we're building called Billy.
20. 50.▲
    Future of Payments(progressreport.co)

    3 points by jareau 13y ago|1 comments
21. 51.▲
    by jareau 13y ago

    wow! didn't expect to get a compliment in return. thank you! Feel free to join our community and hack on anything you're interested in: https://www.balancedpayments.com/open Maybe this one: https://gith
22. 52.▲
    by jareau 13y ago

    Thanks, Taylor. This is for you: http://blog.balancedpayments.com/benefits-open-company-balan... Thanks for helping make Balanced better
23. 53.▲
    by jareau 13y ago

    beautiful!
24. 54.▲
    by jareau 13y ago

    We're thrilled to have Ben finally working full-time at Balanced. This is the kind of extra little stuff he did that really impressed us. Here's a stand-alone vanity page he built to showcase his balanced-ios SDK: http:/&#x2
25. 55.▲
    by jareau 13y ago

    thanks for the links. I can't speculate at what their requirements are for affiliate payments. I only know the requirements Balanced is placed under as a PSP. I imagine Amazon must follow similar guidelines.
26. 56.▲
    by jareau 13y ago

    Most payment companies aren't able to (due to regulations) do anything particularly high-yield with funds they steward for their merchants. The amount of float a company like Amazon is able to make may factor into their revenue model,
27. 57.▲
    by jareau 13y ago

    Never mistake for malice what can be explained by mere incompetence
28. 58.▲
    by jareau 13y ago

    Is your thesis that Stripe will follow a similar path as Braintree's...to low margins and acquisition?
29. 59.▲
    by jareau 13y ago

    Agree! Congrats to Bryan, Bill, and the whole Braintree team. They've built a great company and operate with integrity.
30. 60.▲
    by jareau 13y ago

    COGS for your standard photosharing app are much lower than for a payment processor and they don't have to deal with crazy amounts of risk (CC chargebacks). But yes, I get your point.