07 March 2014
Braintree says it will waive the standard 2.9 percent plus 30 cents in processing fees for transactions among members in its new Ignition program.
The free deal originally was good for the first $50,000 in transactions processed and for a limited 1,000 participants. Braintree now is opening the offer to anyone.
The deal reportedly is geared for new startups that are looking to avoid extra credit card fees this period.
“It means everyone in the industry can innovate and iterate on their ideas for free,” Bill Ready, Braintree chief executive, explained in a TechCrunch interview.
PayPal acquired Braintree last fall.
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