Braintree announced that it has introduced a new 'instant approval' product and pricing plan called Braintree Instant. Merchants can now start accepting payments within minutes using Braintree, without a waiting period for a merchant account or underwriting approval.
“Braintree started with the principle of making payments easily accessible for developers and start-ups, and we've helped thousands of businesses through rapid growth,” said Bill Ready, Braintree’s CEO. “Now, developers and start-ups can begin accepting payments in a matter of minutes, with the confidence that Braintree has them covered with everything they'll need as they grow their business into the next Uber, Airbnb, LivingSocial or AngryBirds. That includes over 130 foreign currencies, recurring billing, faster funding times and next generation mobile capabilities.”
In addition to immediate approval, Braintree is also introducing simpler, flat pricing plan of 2.9% plus $.30 per transaction.