Hacker News Reader

Comment by areyoucrazy | Hacker News Reader

That's why you go with Braintree.

  They offer $50k in processing fee-free, which saves you ~ $1500 immediately.

  Their fee for currency conversion is 1%, while Stripe's is 2%.

  They reply much faster to email inquires and you can call them.

  They support more countries than Stripe.

View on HN

Except Braintree are owned by PayPal and, just like PP, they love to just randomly kill your merchant account. I know plenty of people this has happened to for no good reason other than 'sorry you no longer fit our risk profile'.

For those reasons I wanted to go with Brain Tree, but they don't support ACH.

Then use Braintree for cards and Stripe for ACH.

ACH is cheaper than cards, but it's also slower and has a limit of $10,000 per transaction [1]. Cards have a limit of $1 million per transaction [2], which is 100x bigger than ACH. Also, people are used to paying with cards.

  [1] https://support.stripe.com/questions/accepting-ach-payments-with-stripe
  [2] https://support.stripe.com/questions/what-is-the-maximum-amount-i-can-charge-with-stripe

Wait, what? 1 million? I thought Visa had a hard limit of $2k USD per day.

And $10k limit for ACH? You can transfer more money than that via SWIFT.

Limits vary based on your bank, card type (debit vs credit), account type (personal vs. business) and what you're doing with the money (withdrawing cash vs. spending online). You can also ask to increase the limit. People can also get multiple cards and use them for online payments.

  ... limit of $2k USD per day.

AWS and AdWords both accept cards and people spend a lot of money there. Online accommodation booking can cost more than $2k and people have no problems doing it.

If you have items with high prices, just send users a quick notification to check whether their cards have a limit and to ask their bank to lift it.

> And $10k limit for ACH? You can transfer more money than that via SWIFT.

Not surprising. It seems ACH is still run with punch card technology

> I thought Visa had a hard limit of $2k USD per day.

Of course not. Maybe your bank has such a limit on your card, but there's definitely no hard limit that low imposed by any of the Visa/Mastercard/Amex. How else would you buy things over $2k?

Reply on news.ycombinator.com