Braintree Expands to Australia, Providing Sophisticated Payment Tools for Australian Merchants

pan>)--Braintree (https://www.braintreepayments.com),
the fastest growing payments platform for online and mobile commerce,
announced today that it is launching its services in Australia, one of
the worlds fastest-growing economies. This continues Braintrees rapid
international expansion into more than 30 countries this year, including
most of Europe, Canada and now Australia.
“Braintree is providing companies in more than 30 countries with access
to the same payment tools that have enabled the best consumer purchasing
experiences in e-commerce. We couldnt be more excited to see what
Australian innovators will build on the Braintree platform.”
Braintree offers easy integration for developers along with access to
sophisticated payments tools such as single tap checkout and payment
acceptance in more than 130 currencies. Braintrees payment platform has
helped some of the most explosive startups launch and scale into
multi-million dollar businesses. Ecommerce leaders using the Braintree
platform include 99designs, Uber, LivingSocial, Airbnb, 37signals,
OpenTable, Fab.com, GitHub, Heroku, Rovio/Angry Birds, and Hotel Tonight.
Innovation in e-commerce and m-commerce is happening at a blistering
pace and we see it around the world, said Bill Ready, CEO of Braintree.
Braintree is providing companies in more than 30 countries with access
to the same payment tools that have enabled the best consumer purchasing
experiences in e-commerce. We couldnt be more excited to see what
Australian innovators will build on the Braintree platform.
The expansion of the Braintree platform to Australia comes at a critical
time for the Australian e-commerce sector. E-commerce in Australia is
exploding, and online and mobile payments are expected to double next
year to more than $22 billion. However, startups in Australia have faced
challenges in getting their businesses off the ground because of
antiquated payment software that can be difficult to integrate.
Braintrees payment platform allows developers to integrate in minutes
rather than months and provides tools for next generation commerce
experiences such as mobile payments. Once up and running on the
Braintree platform, Australian startups will be able to accept payments
in foreign currencies from around the globe.
Braintrees expansion also means that Australian startups can get
assistance with PCI compliance directly from a payment service,
something banks in Australia do not assist with. PCI compliance can
require significant resources if undertaken by the merchant, but with
Braintree, merchants eliminate more than 95% of the PCI compliance
burden since Braintree keeps credit card data out of the merchants IT
environment.
Braintree currently processes more than $5 billion in transactions
annually, including over $1 billion in mobile payments. A full list of
the countries where the Braintrees payment platform is available can be
viewed on Braintrees international
payment processing page on the companys website. International
clients gain instant access to Braintrees developer sandbox, vault
credit card storage system, and world-class customer service. Australian
merchants can sign up for a Braintree account here.
About Braintree
Braintree is the fastest growing payment platform for online and mobile
businesses, offering all the tools merchants need to accept payments and
provide consumers a frictionless experience at checkout. Braintree
provides merchants with a secure
payment gateway, merchant account, recurring billing and credit card
storage, as well as industry-leading customer service and an
easy-to-integrate API. Braintree operates internationally, and allows
merchants in 31 countries in North America and Europe to accept payments
in over 130 currencies. Braintrees consumer brand, Venmo, offers a
digital wallet and person-to-person payment application that makes it
easy for consumers to make payments on mobile devices.
Braintrees solutions have been proven to scale and support many of the
most discerning, high-growth companies on the web, including Rovio/Angry
Birds, LivingSocial, Airbnb, Fab.com, OpenTable, Uber, LevelUp and Hotel
Tonight. Founded in 2007, Braintree is now processing more than $5
billion annually from over 3,000 merchants, $1 billion of which is on
mobile. Braintree enables single-click, frictionless purchasing at
checkout for more than 30 million consumers. Visit Braintree at www.braintreepayments.com
and on Twitter @braintree.

Information Source: Business Wire