Pin.net.au announces pricing

createsend.com

6 points·jusben1369··4 comments

Is there a price matrix on different Australian payment systems? Here's what I was able to quickly glean:

Pin: $50 p/month, 3% transaction + 30c transaction Source http://createsend.com/t/j-BE42B41F1ADAD444

Braintree: $55 p/month, 1.75% transaction + $0.25 transaction + Visa/Mastercard Intercharge rate (0.33 to 1.98%) Source https://www.braintreepayments.com/pricing

PayPal: $0 p/month, 2.4% transaction + $0.30 transaction Source: https://www.paypal.com/au/cgi-bin/webscr?cmd=_display-receiv...

Am I missing something here or is there more to why I'd use Pin? Would love to hear a compelling case and a reason for why paying more per transaction adds value.

I'd say that at the end of the day, most merchants want the payment to be secure + cheap, that's it. Analytics etc. are nice but can come out of free open-source tracking methods.

Lastly as a developer, the per month cost is a killer. It completely shuts down the idea of having a boutique site earning residual money.

Like Braintree's entry into Australia, the pricing isn't as amazing as I think people were hoping.

Whether it's because they too rely on nab (An Australian bank) to provide the multi-currency account (Also used by Braintree) or because they aren't looking to differentiate on price I am not sure.

We don't differentiate on price :)

Are you able to disclose whether the $50 a month is a result of nab's involvement somewhere in your end-to-end setup? To me, that's the most unfair part of payments in Australia. I can understand charging if an account is dormant but not just because everyone else is doing it. That's the problem with banks today- they all just copy each other.

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