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What is Braintree service from Paypal for Australians?

Braintree

Braintree is a PayPal service providing  the global commerce tools you need to build businesses, accept payments, and enable commerce for your users. It’s the simplest way to get paid for your great ideas — across any device, and through almost any payment method.

Most useful for businesses it covers almost anywhere in the world your buyers are located, with the tools you need to grow internationally. With one simple integration, your business can accept online and mobile payments in 130 and over currencies and 44 countries.

This company was set up in 2007 in Chicago and was acquired by PayPal in 2013 with the goal of propelling payments globally.

Braintree and paypal

Braintree is thus full-stack payments platform that makes it easy to accept payments in your app or website. Their service replaces the traditional model of sourcing a payment gateway and merchant account from different providers. From single-touch payments to mobile SDKs and foreign currency acceptance, it provides everything you need to start accepting payments today.

All kinds of organizations use Braintree to accept payments in mobile apps and websites. Be it a small start up or largest online retailers, they have more experience working with new business models than any other payments provider.

Getting started

Getting started

You can either set up your account with braintree on your PC or laptop or use the app to log in with your smartphone. If you already have your Paypal account you can log in with your paypal user name and password.

If you but wish to open a new account for your business need just check in here.

Braintree offers a variety of products that make it easy for you to accept payments in your app or website. They act as the credit card terminal you swipe your card through at the grocery store. All your customers’ payment information is transported safely and securely.

What you’ll need is to know what type of account you need with them like a Business bank account where you can get your funds deposited into this account automatically – it’s up to you to decide which institution you use for your business’s bank account.

Then there is a merchant account to route funds from your customers’ accounts to your business bank account. Braintree provides a merchant account as a part of the Braintree Direct setup.

Also Braintree’s payment gateway will connect you to all of the banking institutions and payment processors that you need in order to collect money from your customers. You’ll give the payment information to Braintree, and it will let you know if the transaction was approved by the bank.

What you can do with Braintree

Braintree features

  • You can accept direct payments: End-to-end payment solution for selling to customers on web, mobile, and native app experiences. Accept credit and debit cards, PayPal, and more.
  • Power your market place: End-to-end payment capabilities for marketplace businesses to split payments and manage payouts to providers.
  • Take action on merchants behalf: Enable your merchants to connect a Braintree account to your platform, and receive permission to take action on their behalf.
  • Create connected commerce experiences: Braintree’s commerce infrastructure tools enable secure sharing of payment data between partners to help create new distribution channels and make these experiences possible.

Payment method you can use

Braintree payment methods

Integrating with Braintree offers your customers many different ways to pay. Here are some of the following methods accepted by Braintree

  • Android Pay: Most merchants located in the US, Europe, and APAC regions can accept Android Pay transactions from participating customers – with approval from Google.
  • Apple Pay: Most merchants located in the US, Europe, and APAC regions can accept Apple Pay transactions from participating customers – depending on your processor settings.
  • Credit cards: Braintree’s US merchant accounts bundle Visa, Mastercard, Discover, JCB, and sometimes American Express as the default accepted payment types.
  • Debit cards: When processing payments online, credit and debit cards are handled the same, as long as they are issued by a major card brand. Because PINs cannot be accepted online, debit cards will always be run as credit.

  • Prepaid credit cards: While prepaid cards may process successfully for one-time transactions, it doesn’t encourage merchants to store prepaid cards in the Vault, because it’s difficult to ensure that a prepaid card will have enough funds on it to cover future transactions. Though they wont block prepaid card transactions, but you may experience higher processor decline rates when accepting this payment method.
  • Special-use cards: Credit and debit cards issued for specific purchases – like HSAs and FSAsor P-Cards – can only be accepted if your merchant account is associated with the appropriate MCC (Merchant Category Code).
  • Masterpass: Masterpass is a digital wallet that allows customers to store all of their major debit and credit cards in one account. Masterpass is currently available in a limited release to US merchants.
  • PayPal: Braintree is the only payment platform that allows you to accept both cards and PayPal through a single integration.
  • PayPal Credit: PayPal Credit is a payment method provided by PayPal that offers customers a line of credit to purchase big ticket items on your site or mobile app – allowing you to get paid immediately, and customers to pay off the purchase over time.
  • UnionPay: UnionPay is the major provider of credit and debit cards for customers in China. Most European merchants settling in USD, GBP, EUR, or CHF can accept UnionPay credit and debit cards.
  • Venmo: Venmo allows customers on iOS and Android devices to connect their Venmo account to your mobile app – making it easy for them to make purchases using their bank account, credit and debit cards, or Venmo balance. Paying with Venmo is currently available in a limited release to select merchants in the US
  • Visa Checkout: Visa Checkout is a digital wallet that allows customers to store all of their major debit and credit cards in one account.

Note that Brain tree accepts over 130 currencies

 

The pricing and the cost

THe standard price is 1.75% + $.30 AUD per transaction for transactions presented in your home currency. For transactions presented in a different currency than your home currency, the rate is 3.9% + $.30 AUD per transaction. This pricing includes all of great features and unlimited access to support teams. The transaction fee will be charged on authorizations and refunds in addition to transaction attempts. There are no monthly fees, and you only pay for what you use — there’s no minimum processing amount.

  • A flat $25 AUD fee is assessed for chargebacks
  • All processing fees are refunded, except the fixed transaction fee which is charged for the original transaction and the refund. For partial refunds, fees are returned at a prorated rate.
  • Discounted rates are available for business processing over $100K AUD per month
  • As Paypal customer your rates are predetermined by PayPal, you can contact PayPal directlyor visit their pricing page for more details.

 

Contact support

To know more about their products or you wish to solve any of your queries you can call them at (+61) 2.8038.5097 from 7am to 5pm AEST, Monday through Friday or email them at info@braintreepayments.com or visit at their office at 5 Martin Place, Level 14, Sydney NSW 2000 Australia.

Braintree is available for merchants in the United States, Canada, Australia, Europe, Singapore, Hong Kong, Malaysia, and New Zealand. In legal terms, you have to be domiciled in a supported country to use Braintree, but no matter where on the planet your buyers are, they have got you covered.

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