Braintree, a PayPal service vs. Skrill

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.

Incentivized

What I like best about Skrill is that it allows me to conduct international transactions without having to go through cumbersome deposit and withdrawal processes. I can transfer money to anyone in the globe who has a Skrill account, and they may withdraw it to their bank account with ease. I can also instantly add and take funds from my Skrill account. When it comes to internet transactions, SKrill has been a huge assistance. Removing the most inconvenient process of forming banks online, transferring money that takes days to authenticate, and landing into the recipient's account with extra paperwork required to withdraw money from a bank account.

Incentivized

• Extremely reliable which is incredibly important for payment processing
• Accepts all payments types we need to be able to accept from all around the world, which is very important for an international company like ours
• Has a great, easy to use API for building out additional functionality that Braintree itself doesn't support

Incentivized

• It is a global payment processor because it is accessible from everywhere.
• Manageable exchange rates make financial sense.
• Skrill does allow you to make purchases on European websites and send money outside of the United States.
• You should use Skrill for international money transfers

Incentivized

• 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.

Incentivized

• Skrill needs full verification for big transactions. I think they should increase the limit.
• Users need to have a European residential address verified in order to get the MasterCard. This facility should be open worldwide.
• The currency exchange rates aren’t good in Skrill.

Incentivized

There's a huge cost in migrating payment providers, and we're very happy with Braintree so far.

Incentivized

We ended up using Tipalti which seems to have solved our specific needs better, though it is more expensive.

Incentivized

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.

Because it's simple to use, works well since we have first set it up and we never had any issues with it.

Incentivized

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.

Incentivized

It is simple for a developer to do.

Incentivized

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.

Incentivized

Skrill does an excellent job for the completion of monetary transactions abroad and it fares very well if I have to send a moderate amount of money. It offers zero transfer fees and a competitive exchange rate with ACH bank to bank transfers and fund transfers funded by debit card transactions.

Incentivized

• 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.

Incentivized

• I can quickly deposit my international multi-currency account without making an expensive wire transfer, with no border restriction as long as I have the mobile app with me.
• Skrill is very convenient for each transfer amount up to EURO 2,500, and EURO 15,000/monthly.
• Possibility of hiring freelancers for my company with immediate payments.

Incentivized