An Integrated Payments Solution
Braintree is a merchant account provider based in Chicago, Illinois. Founded in 2007, Braintree markets its services primarily to e-commerce merchants, subscription-based businesses, and merchants that key in all of their credit card transactions.
Braintree Payment Processing
Braintree processes all major debit and credit cards for all business types. Their services include online payments, recurring billing, data reporting and analytics, rewards programs, e-commerce solutions, and POS solutions. Braintree’s payment gateway offers virtually automatic PCI Compliance by storing the credit card data off of the merchants’ systems and on its own secured servers. The system allows cards to be recharged or refunded without re-entering the card information and enables merchants to set up recurring charges for periodic billing purposes, such as subscriptions and memberships. Braintree is also considered to be one of the best multi-currency merchant accounts, allowing U.S.-based merchants to accept international payments in 134 local currencies with settlement in 44 different currencies.
A PayPal Subsidiary
Braintree was purchased by PayPal in September 2013 for $800 million. The acquisition also included Venmo, Braintree’s mobile cash transfer service. Braintree uses First Data (now Fiserv) for its card processing network, but merchants appear to deal with Braintree exclusively for the service of their accounts.
Braintree Location & Ownership
Braintree is located at 222 W Merchandise Mart Plaza, Suite 800, Chicago, Illinois 60654, and the company’s acquiring bank is Wells Fargo Bank, N.A., Concord, California. Bill Ready is the CEO of Braintree.
Braintree Payments Review Table of Contents
- Costs & Contract: Offers a month-to-month agreement with no…
- Complaints & Service: Has received more than 40 public complaints regarding…
- BBB Rating: Better Business Bureau profile has been combined with PayPal’s. PayPal has an “A-” rating based on 27,150 complaints and 2,221 informal reviews over the past 36 months in regards…
- Sales & Marketing: Does not hire independent sales agents and has not received any complaints about its…