Bolt provides businesses with customer conversion through their one-click checkout. Bolt Checkout combines UX optimizations, conversion features, and a shopper network of 80M+ to drive revenue growth for ecommerce businesses.
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Braintree, a PayPal service
Score 6.5 out of 10
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Braintree, a Paypal service and subsidiary, is a billing platform which stores credit card data directly from the merchant’s systems on secure servers, and it allows for cards to be recharged or refunded . Braintree also supports international payments. Pricing is 2.9% plus a 30c transaction fee.
Braintree is a good payment processor if you are looking to accept multiple payment methods across multiple geographies and localizations. It is also a good place to keep a single source of truth for customer payments and keeping payment methods on file. If you are only in one geography or would be fine with accepting only a single payment type, Braintree is not a good choice.
Checkout fast! Bolt really helps our customers checkout on our website much quicker and with less user errors.
Support. When something inevitably breaks, Bolt's support team is always there to help find a solution quickly.
Motivation. Bolt's entire business model is set up right so that it is a win-win for us and Bolt. They are always looking to improve their platform and thus improving ours and ultimately the customer's experience.
We would like it if Bolt had more financing options with companies like ACIMA
We would like the option to choose how often we are paid out from Bolt
We currently have a Big Commerce site but may want to change to Shopify in the future. To my knowledge, Bolt does not currently support Shopify at this time.
Not all companies support the use of Braintree. I wish there was more back-end support on some of the sites we wanted to use. This is more about the sites we want to use and less about Braintree, but it's worth mentioning.
As a product, functionality has been fine for us. In our experience, some issues during On Boarding but because we had a dedicated Account Manager assigned to us, these issues were dealt with. Now we are a customer, it feels like they have stopped caring about us or aren't interested in working with us to resolve any issues we have.
Their support is a joke. There's nothing "supportive" about them. Every time I call in with an issue no one has an answer or even a recommendation. I am put on hold and no one ever comes back. It's time to find another processor.
Paypal's Business plan has a monthly charge in addition to the per transaction charges if you'd like to use recurring billing. Braintree gives you recurring billing options without the monthly charge and automatically sends a transaction receipt to the client each month. Once it is set up it is completely hands off which saves a lot of time.
Bank of America merchant products. They charge extra for setups that include manually entered credit cards. They also have high start up costs that would take a while to pay for themselves due since we don't process enough transactions to make it worthwhile.
The competitive rates we are receiving with Braintree through their program for BigCommerce enterprise customers have saved us quite a bit in sales costs.
Braintree's fraud detection is likely set to very high as when we switched to Braintree we only received 1 fraudulent transaction in 2 years which is a huge relief.
Prompt disbursements have granted us faster ROI than other payment processors.