Braintree Pros and Cons
Seamless third-party integrations
Steep learning curve for non-tech savvy users
Who Braintree Is Best For
- Those who want to accept multiple payment methods through their own app, website, and in-store: Aside from Venmo (US only) and all major credit cards, Braintree accepts PayPal, ACH, Amex Express Checkout, Visa Checkout, Bancontact, EPS, Giropay, MyBank, and more.
Braintree’s pricing page displays a standard fee of 2.9% + 30 cents per transaction and a custom pricing plan. Interchange+ pricing is available only if you sign up for the custom package.
For regular businesses
Fees Per Transaction
2.9% + 30¢
(capped at $5)
Cards issued outside the US
For verified charitable 501(c)(3) organizations
Fees Per Transaction
Visa, Mastercard, Discover, JCB, Diners Club, and digital wallets
2.2% + 30¢
3.25% + 30¢
Braintree Alternatives 2020
The company provides merchants with secure payment processing solutions for cards, digital wallets, and other digital or in-store payment methods. Let’s take a look at some of Braintree’s features below.
Multiple payment methods: Braintree accepts PayPal, Venmo (US only), Apple Pay, Google Pay, ACH, EPS, Giropay, and more. Major cards like Visa, Mastercard, JCB, Discover, and Amex are also accepted.
Reporting and analytics: Generate actionable insights by tracking key metrics such as transaction summaries, decline analysis, and reconciliation statements.
Global payouts: The provider offers multiple presentment and settlement currencies, global fraud protection, and local payments expertise. It’s also partnered with Hyperwallet to help you with outbound payments.
Fraud protection: Use custom filters, actionable filter recommendations, and impact simulations to adapt to changing fraud risks. Braintree also utilizes machine learning and filter thresholds.
Data security: The platform is Level 1 PCI DSS-compliant and does not store any card information. It is also on Visa’s Global Compliant Provider list and Mastercard’s SDP List.
Which Merchant Service Provider Is Best for You?
Summary of Braintree Reviews
As of this writing (July 27, 2020), there are very few up-to-date Braintree reviews available online. A handful of people who left positive reviews said that it offers seamless integrations and is great for developers. On the other hand, some said that the system isn’t for beginners and that its dashboard is not very user-friendly. If you are a past or current Braintree customer, then leave a review to help those who are deciding whether or not to use the platform.
Braintree Frequently Asked Questions (FAQs)
In what countries is Braintree available?
Beyond the US and Canada, it’s available to merchants in the following countries: Australia, Malaysia, New Zealand, Hong Kong, Singapore, and in Europe. Please note that merchants from those countries can accept payments from anywhere in the world.
How long do payouts take?
Visa, Mastercard, and Discover transactions usually take two to three days, while Amex transactions take around three to five days.
Can Braintree be used for recurring billing?
Yes, it offers options for software as a service (SaaS), media subscriptions, recurring donations, and other cyclical billing processes.
Our Top Merchant Services Provider Picks
If you aren’t sure if Braintree is right for you, then this article on the best merchant services providers for small businesses is a review of our top choices. Our team looked at a variety of solutions and narrowed our recommendations down based on the fees, ease of use, customer service, and features such as reporting tools among others.