Braintree Now Processes $10B Annually

By  |  July 3, 2013
 | 

Payment gateway provider Braintree announced on July 3 that it now processes $10 billion in payments from merchants, TechCrunch reports. This figure was up from the $8 billion the company revealed in April.

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    Of this total, the company said 25 percent of payments originate outside of the United States. Klas Back, general manager of international at Braintree, told TechCrunch that the company is finding a foothold in international markets due to the restrictions put in place by large European banks.

     The company revealed that it has also signed up Sweden-based game maker Mojang, best known for its signature hit Minecraft.

     Read the full report here.


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