Braintree is giving $50k in processing to every startup
Pretty cool. I love the competition in the payments space right now. My bet is that Braintree is seeing some serious competition from Stripe and others.One thing to keep in mind is that 2.9% + 30cents is relatively high. If you go to Authorize and negotiate they will lower the price if your volume is high enough. Stripe will also negotiate once you hit a certain volume.One thing I really want to do is take on the micropayments space. No one has really managed to do it well. Think about how much it costs to charge someone a dollar. The cheapest way is paypal. But what if you want to take a Visa/Mastercard? You are at their payment network's mercy. In order to really challenge that you need to make your own payment network. And then get banks onboard. And get through all the regulation. Yikes. If anyone is interested though contact me.