Looking for a Braintree alternative for credit cards payments
Hi Indie hackers,
On my Saas project I was using Braintree to handle the credit cards payments. It is up and running since almost two weeks. More than 100 paying users at the moment.
Today I just received an email they will close the account and the reason is not very clear but I have two weeks before they shut it down ("your account is too high risk to continue processing with Braintree"). While I am trying to get more information about the reason why it is shutdown, I need to work on the migration as I have only two weeks.
What are the other options you would suggest to replace Braintree?
The company is based in Malta so I can't use Stripe for now. I built a complete subscription management system (subscriptions, invoices, vat, plans change with prorata, per seat pricing, ...) so I just need to be able to charge a card and don't need a recurring billing system as I am handling this myself.
I would need either a rest API or PHP sdk. If it's possible to migrate data from braintree it is even better.
Thank you for your help!
For high-risk businesses, I can recommend you to choose https://payspacelv.com/ . They offer various payment solutions for many types of businesses
Take a look at https://www.adyen.com/
They offer SDKs and also REST APIs. They also have really good prices. I have implemented that in the previous company I worked for and it wasn't that bad.
Stripe 😅
I received a similar email this morning from stripe because I started a custom knife business (I forge each knife). In my case it's a side project that I don't expect to sell many of so I'm switching to coinpayments and cash only.
Offtopic question: how do you handle the recurring part? I have to do that for my project, and I don't have access to stripe or braintree.
Try Paddle, I hear it's good
Thank you for your suggestion. I checked Paddle already but they are expensive. Mostly because they do more work than I need them to do (recurring billing, handle taxes, ...).
They are more a reseller than a payment gateway.
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It is a tool collecting data from streaming platform (currently only Spotify, soon other platforms) and users can build custom reports based on the data. It is used by artists, managers, labels, .... (even the majors Sony, Universal and Warner).
There are 3 different plans each with its sets of features. Each plan can be paid monthly (from 4€ to 10€) or yearly (with 2 months free). The user can change his plan at any time. And the user can also pay for his whole team (that is what I meant by per seat pricing).
I personally don't know where is the risk, but they probably have good reasons and if that is the case, yes maybe that would be the same for other providers.
From what I can read on the Braintree website, Sofware/Subscription services are already considered High Risk by default. Annual payment might also be a problem. And finally the company being young might also be a problem. With these conditions it seems like it would be difficult to use Braintree for any new saas project right?
Is location of the business also considered a risk factor? I would definitely think so.
I could not find anything about that in their documentation and they did not talk about that in the discussions yesterday. It seems it is only related to the fact we have limited funds compared to the amounts we are charging and this is monthly/yearly subscription model.
So any early stage bootstrapped SaaS won't be appropriate for them then?
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