Braintree vs Paymill
Last updated: March 28, 2018
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Braintree vs Paymill in our news:
2018 - Braintree launches Stripe competitor - Extend
Braintree, the division of PayPal that provides payment services to e-commerce and other online businesses, is making its latest move to help raise its game against competitors like Stripe. It is launching a new solution called Extend, a set of tools to integrate Braintree payments more closely and easily with other services that online companies are using alongside basic transactions. Extend includes integrating loyalty and reward schemes, adding fraud prevention and ‘contextual commerce’ — or the ability for a merchant to sell an item and take payment on a platform that is not its own. Some of the services, such as the contextual commerce option, were already being offered — this is what is used to power Pinterest’s buyable pins, for example.
2016 - Braintree launches Auth to bring its payments platform to more merchants to take on Payflow
PayPal-owned payments platform Braintree launched of Braintree Auth - the system that lets e-commerce platforms give their merchants easier ways to enable payments on their online storefronts. It also lets service providers access customer and transaction data on merchants’ behalf. The move signals Braintree’s attempt to expand its reach into the SMB market, as competition with startups like Stripe heats up. With Braintree Auth, e-commerce platform owners, as well as shopping cart providers and recurring billing services, can now make it easier for their merchant customers to accept credit cards, debit cards, and PayPal payments on their own storefronts through a single interface for shoppers.
2014 - Braintree enables super easy sign-up for merchants (including Europe) to take on Square
PayPal's payment processing service Braintree is launching a new service that will let merchants sign up to the platform with only an email address, URL and short company description. It’s also extending its offer to Europe of offering the first $50,000 of transactions on the platform (in a local currency equivalent) free of any commission fees. The ability to use so little information is a big change from how merchants have set up payments systems in the past, particularly in Europe, where many banks require paper-based documentation to approve accounts. Here, Ready says that Braintree uses a combination of algorithms and a human smarts to research a company based on those three pieces of information to determine whether a company is a legit merchant to add to its platform.