CookieDev
5 cases when Stripe or Braintree are not the option for your mobile app
As a business owner, you may and should consider something else only in next cases, for everything else - it's only Stripe or Braintree
Over the past 6 years while creating mobile apps here in CookieDev, we have been working with a lot of different smaller merchant providers, as well as Stripe and Braintree. As a business owner, you may and should consider something else only in next cases, for everything else - it's only Stripe or Braintree
The big picture is that you'll have to use one of two options for a merchant provider.
- Local law regulations are tough on international payments and you'll have to stick with a local merchant provider as it's easier to start the project (release early). This, most likely will be a temporary solution, and you'll switch eventually.
- You want to save a buck and contacted directly some merchant provider and got a personalized discount. That's also possible, you won't get that from big players, but it's a definitely possibly with smaller companies. For example, we've got better rates from Fondy this way.
- You need to accept some very specific payment method in your mobile app. Though Stripe and Braintree are constantly adding new features to the list, and on the day of this article was published, they have been accepting, for example, AliPay (Stripe) and Bitcoin (Braintree)
- You need a solution for direct payments between your users, also referred to p2p (person to person) payments. This feature can be often found among some local merchant services provider. You can also have 2 merchant providers within a single mobile app: the first one for receiving money for example from the subscription (you can use Stripe/Braintree here); the second one - for p2p payments (some local provider). For example, this is the workaround we've used in our Rooky app. There were some questions from users, and we had to explain it, but in the end, it worked just good.
- The industry you're up to has a high level of chargebacks. We'll talk about chargebacks in the next article.
These two options are Stripe and Braintree (PayPal's company), and we'll give a more detailed overview about both in our next article.
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