The real opportunity for payment startups: simplicity

Every entrepreneur who has had to go through the process of setting up their payment gateway and/or merchant account knows that it isn’t always simple. When I set mine up, BrainTree, Stripe, and Paymill weren’t around. I was given a chisel and stone tablet and asked to deliver all my information in triplicate.

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Online payments company Braintree raises $34M from Accel

Online and mobile payments company Braintree banked $34 million today in a funding round from Accel Partners. The Chicago-based company got started in 2007 and now claims a $3 billion run rate in transaction volume. This marks Braintree’s first institutional round of funding.