Braintree launches instant underwriting

"A recent acquisition of digital wallet company Venmo gave it another key arrow in the quiver: The promise to extend one-click payments across its entire portfolio. In other words if you’ve ever purchased an Uber cab– or anything else on a Braintree powered site– you can now make a quick one click purchase on any of its other sites."<p>I don't see any mention of this sharing of one-click payment info on Braintree's site. Can anyone confirm this is really coming?

This is a big win for Braintree as it opens up the door to a lot of great opportunities they didn't have previously. For example, when starting up a new idea, I never would go with Braintree simply because I wasn't guaranteed I'd sell enough to be worth the monthly minimum. I'd rather take the no risk approach and pay a higher fee per transaction.<p>I'm sure I'm not the only one who looked at Paypal, Amazon Payments, or Stripe for that reason alone.

Loving the competition in the payments space. More innovation and companies (developers in particular) win.

Reading about all these innovations in the payment market is great, but unfortunately for most of us in Europe, PayPal is still the only option that makes sense most of the time, unfortunately. :(

Signed up &#38; was told I'd be contacted in ~24 hours -- not much different from my previous attempts signing up.

Their sign up form seems to be only for the US, so is the instant underwriting news absolutely correct or is the instant thing for only one of the 200 countries in the world?<p>At least just a few days ago the international forms and documentation they asked for to sign up was miles long.

I don't understand how instant underwriting works. I thought the the reason it normally takes a while to get set up to take credit cards is because your merchant account provider is liable to the credit card providers for chargebacks, even if they can no longer collect that money from you because you went under months before.<p>Who assumes the risk for chargebacks in the instant underwriting scenario? How does that party control their risk?

I'm not sure if this is comparable to Stripe's signup process.<p>I just tried signing up from: <a href="https://apply.braintreegateway.com/" rel="nofollow">https://apply.braintreegateway.com/</a><p>At the end of it, my application for queued to be manually reviewed (~24 hrs) by an underwriter. Am I missing something here ?