Braintree vs Stripe
Last updated: April 06, 2018
Some of the fastest growing companies in the world rely on us to process mobile and web payments. Elegant code. Drop-in checkout. Secure, client-side integration. Zero-hassle PayPal integration will be available soon. Mobile payment processing designed to keep the checkout flow streamlined.
Stripe builds the most powerful and flexible tools for internet commerce. Whether you’re creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform, Stripe’s meticulously designed APIs and unmatched functionality help you create the best possible product for your users.
Braintree vs Stripe in our news:
2018 - Stripe launched online billing tool
Stripe is launching a billing product for online businesses. That’ll allow them to handle subscription recurring revenue, as well as invoicing, within the Stripe platform and get everything all in the same place. The goal was to replace a previously hand-built setup, whether using analog methods for invoicing or painstakingly putting together a set of subscription tools, and make that experience as seamless as charging for products on Stripe. This launch is, in part, a response to customers demanding a billing product that gets all these invoices and subscription expenses into a single spot. Stripe at its heart is an enterprise company, which means it has to keep close tabs on the needs of its customers while still balancing the needs to continue creating new products that small businesses didn’t realize would actually solve those problems in an elegant way. So Stripe now provides better billing in comparison to Recurly
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.
2015 - Payment processing company Stripe partners with Visa
Payment processing company Stripe is now valued at $5 billion following its latest round of financing. Besides, the company raised almost $100 million and inked a deal with Visa which will see the duo work together on a range of projects, including digital transactions and security. The company has been focused on growing its international footprint for some time, which is another reason it is teaming up with Visa. CEO and co-founder Patrick Collison told The New York Times that Stripe will lean on the payment giant’s international presence and know-how to expand its current coverage of 20 countries.
2015 - Stripe released iPhone app for monitoring payment activity
Stripe, a service that companies can use to accept payments, has a new way for businesses to track purchases and user activity — an iPhone app. It does basically everything its existing online dashboard does, but brings it to an interface more suited for a mobile device. Businesses can also set up notifications for whenever a payment or purchase is made or set up a daily summary. Stripe’s iPhone application also has a search function. But a mobile application is naturally good to have around. For a business owner stuck in traffic in a taxi, Uber or Lyft (don’t look at your phone while driving, please), or riding some kind of public transportation, it’s a good way to get a quick update to what’s happening.
2015 - Stripe gets Balanced customers to take on CyberSource
Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough. The company has struck a deal with one of its longtime rivals, Stripe, to act as its transition partner for existing customers. Еhe closure will affect around 320 customers, with the current list including sites like crowdfunding platform Tilt, RedditGifts, Tradesy, Relay Rides and Artsy, processing “hundreds of millions of dollars” annually. As a point of comparison, Stripe’s CEO Patrick Collison says that Stripe processes “billions of dollars a year for thousands of businesses in 18 countries around the world.” Balanced also competed against companies like WePay, Dwolla, Amazon Payments and PayPal.
2014 - Stripe - the new king of online payment processing
Stripe, the ultra-hot payments processing service, has raised $70 million in funding at a $3.5 billion valuation. And this valuation has doubled in less than a year. Stripe was founded in 2010 with the goal of making it easier for businesses to process payments online. Now it helps power commerce services from big names in tech like Twitter and Apple. And it Stripe will power Facebook’s Buy button. "The vast majority of online transactions when we started were processed by this legacy infrastructure of banks and merchants," - says Stripe founder, Patrick Collison announced its previous funding round. "We don't really see anybody else approaching the problem the way that we do and thinking about building the platform of internet commerce."
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.
2014 - Stripe will power Facebook’s Buy button to keep up with Klarna
Stripe, the e-payments provider, will power the “Buy” button for Facebook users using the social network to shop online. The new button will allow users to buy goods featured in ads or posts. A Facebook spokesperson confirmed that Stripe is the sole Facebook payments partner behind ongoing tests of the new button. Stripe already has payments partnerships with Apple, Twitter and Chinese digital payments service Alipay. The company is partnering Apple for its new Apple Pay mobile payments service. Facebook has partnered other payments companies on different features, including PayPal's mobile payments unit Braintree.