Saas · Credit cards

Can anyone recommend a great credit card processing company for an saas platform?

@startupjames

September 12th, 2015

We are currently in closed beta and about to start the next phase of our timeline. While a simple Google search gives me a million credit card processing companies I am looking for something with reviews. The rates seem to be all over the board and often the interface is a poorly made API that will be more trouble to work with than it's worth. 

Steve Grigory Self-starter specializing in new and disrupted markets

September 12th, 2015

Give stripe and Braintree a hard look. Early on, don't worry as much about saving a 1/4 point and focus on easy to integrate and flexibility. Steve

arbind thakur

September 12th, 2015

I've integrated a number of payment gateways including BrainTree, PayPal and Stripe. As usual, the best gateway(s) to use depends on your context and user base :)  

All things being equal, Stripe is the clear winner from an implementation, ease of use and maintenance perspective.

Ron

September 12th, 2015

I would recommend Stripe as well - this is coming from someone with zero background in programming/development ;-) I find their step-by-step guide super easy to follow, specially the JS and Ruby, plus details on how they secure stuff and how they meet PCI requirements which is a plus for me as a security engineer.

https://stripe.com/docs/stripe.js

Anonymous

September 15th, 2015

I want to add one question here, Sorry if its inappropriate, are their any payment platforms out there who helps aiding non platforms by giving free of charge payment transaction systems.

t

Chavous Camp

September 12th, 2015

+1 to what Steve said.  Stripe is king right now with SAAS projects, and BrainTree is right there with them.  

Even if you try to fight the rates battle, that 1/4 point is rarely a true 1/4 point unless you are doing a lot of volume - and then there are the fees that VISA/MC tack on in addition to the per transaction fees.  All in all, you'll end up paying a minimum of 2.7-2.9% ANYWAY - and you will have to do more work.

If you REALLY REALLY don't want to use one of the SAAS-friendly two, then integrate with Authorize.NET and find a group that will give you "interchange plus" pricing.  The group I work for the B2B services company I own charges interchange + 0.03% I believe.  That is pretty fair.  Just don't forget that Visa/MC will then assess an additional network access fee. 

Anonymous

September 14th, 2015

As a payments guy I never recommend either Stripe or Braintree.  They are easy to integrate with but that easiness becomes a candy bar that gets developers addicted to it.  They won't really talk to you either unless you have a ton of transactions.  They set you up at high rate and take your money until you figure out how to get a better deal.  Many of the inhouse gateways owned by the credit card processor are just as easy to use with a higher level of personalized service and much better rates.  Authorize.net is also good.  They can integrate with almost any processor.  I'm a broker in the industry so if you would like to see some of the options before you get started let me know.  

Steve Karmeinsky CoFounder City Meets Tech / Lean Capital Ltd / Placeholder Ltd

September 12th, 2015

The easiest to integrate are Stripe and Braintree (now owned by PayPal). It shows how good Braintree's APIs etc are in that PayPal now pretty much push people to use them rather than the original PayPal stuff.

Stripe came from a web perspective from day one and have very easy to implement libraries and good support for multiple (programming) languages.

Anonymous

September 15th, 2015

Dwolla, but its ACH only and they charge for every other service.

Becky Cruze Editor of "How to Start a Startup: The Book," Board Member of Women Get It Done

September 15th, 2015

Implementing payment systems can be overwhelming! With my previous startup, we used Stripe and had a good experience overall. This was a few years ago, though, and obviously the landscape can shift over time. 

I found this guide to payments super helpful: thinkapps.com/blog/development/payments-app-definitive-guide

It was published within the past couple of weeks and is extremely comprehensive!

Brandon Lewin Helping Purposeful Businesses Make a Difference | Strategic Marketing Consultant | Marketing Training | Entrepreneur

September 15th, 2015

Stripe is great. I agree with everyone. I have used a ton of merch accounts in the past, but nothing beats Stripe. Give it a shot.