In October 2012, payments company Braintree set aside $2 million from its Series B to court startups to its platform by waiving the processing fees for the first $50,000 in transactions. At the time, the promotion was limited to 1,000 sign-ups. Now a part of PayPal following its acquisition, Braintree is at it again, only this time, that same offer is open to anyone as part of Braintree’s new Ignition program.
Hooray, free stuff for your startup! All you have to do is develop your product on top of Braintree’s payment processing platform. Today, PayPal-owned mobile payment processing service Braintree announced it would wave the first $50,000 of processing fees for startups building on its platform through its newly minted Ignition program. To sweeten the pot, it’s making the deal available to any U.S.-based startup instead of limiting it to only a specific number of companies. Also, it’s not requiring startups to sign any contracts or make any commitments. As it continues to compete with rival Stripe for developers’ favor, Braintree is rolling out this program again (it ran a similar smaller one in 2012) to gain more technology startup clients. As we previously reported, PayPal actually acquired the company largely because it saw it as it chance to clinch more developers and startups as customers.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
A profile has been popping on Tinder this week for users in Austin. Many of the attendees of the SXSW…
The Department of Justice and the NSA are being sued by the Wikimedia Foundation with the goal of ending "this mass…
Transparency reports have pretty much become a must-have for Internet companies, with the big companies like Facebook and Google releasing massive…
We've already established that Valve's highly-anticipated Steam Machines will finally be hitting the market this November, but what will the…
