2007 founder bryan johnson headquarters chicago illinois the united states areas served us europe canada hong kong singapore malaysia australia new zealand key people juan benitez gm cto number of employees 500 2016 parent ebay 2013 2014 paypal 2014 present website braintreepayments.com braintree a subsidiary of paypal is a company based in chicago that specializes in mobile and web payment systems for ecommerce companies . braintree emphasizes its easy integrations multiple payment method options including paypal and venmo simple pricing security and support . 1 braintree provides its customers with a merchant account and a payment gateway along with various features including recurring billing credit card storage support for mobile and international payments and pci compliance solutions . 2 contents 1 history 2 expansion 3 products and services 4 integration 5 credit card data portability 6 see also 7 references 8 external links history edit bryan johnson founded braintree out of the university of chicago in 2007 . 3 according to forbes johnson hoped to distinguish his online payments company from the competition by focusing primarily on providing exceptional customer service . ultimately braintree s transparency about fees and devotion to a targeted audience of tech developers has helped this company to grow from a team of 5 in chicago to an international business with over 500 employees across 4 continents . 4 johnson a history buff wanted to give the company a name that would sound stable important trustworthy and would enable him to attract top developers . rather than call it something like international payments technologies a name that would not appeal to developers johnson decided to name it braintree the hometown of presidents john adams and john quincy adams . 4 in late 2011 bill ready took over as ceo . 5 less than a year later braintree acquired venmo for 26.2 million . 6 in 2013 paypal then part of ebay acquired braintree for 800 million . 2 expansion edit in november 2012 braintree officially announced that they would begin providing services in australia . 7 less than a year later in august 2013 they expanded into europe and canada . 8 by mid 2015 braintree announced support in hong kong singapore and malaysia . 9 paypal acquired modest in august 2015 10 and rolled modest s ecommerce products into braintree s offerings . when braintree was acquired by paypal it had 12 billion in authorized payment volume and 56.5 million cards on file . by late 2015 it was on track to process 50 billion in authorized payment volume that year and had 154 million cards on file . 11 products and services edit braintree provides businesses with the ability to accept payments online or within their mobile application . its full stack payment platform can replace the traditional model of sourcing a payment gateway and merchant account from different providers . 12 on october 1 2012 braintree launched instant signup streamlining the onboarding process for us merchants reducing the signup process to a few minutes . 13 braintree first announced the v.zero sdk in july 2014 . 14 the sdk allows automatic shopping cart integration with paypal among other payment types . in september 2014 braintree announced a partnership with coinbase to accept bitcoin . 15 github jane.com parkwhiz and chargify are among the companies that launched with the v.zero sdk which supports one touch payments . 16 current companies using the v.zero sdk include airbnb boxed munchery stubhub squadup tellonme type tees by threadless and yplan . 17 the family of one touch enabled apps includes paypal s own mobile app where most users have a credit or debit card stored with the service . it does not require those users to create an account on an e commerce site or enter credit card details every time they want to buy something . 16 the concept of one touch is based on a prior product called venmo touch which was developed in conjunction with venmo the person to person payment service braintree bought in august 2012 . venmo touch was the first one touch mobile buying experience to hit the market allowing a consumer to pay in a single touch across multiple apps on their mobile device . at the time ceo bill ready s strategy was to combine venmo s reach with consumers who used its cash sending features to split restaurant bills and chip in for gifts with braintree s reach among developers . 16 venmo touch has become paypal one touch and it enables one touch checkout on any digital platform mobile app mobile browser and desktop . 16 integration edit braintree requires some development experience and coding knowledge to integrate . 18 braintree provides client libraries and integration examples in ruby python php java . net and node js ; mobile libraries for ios and android ; and braintree.js for in browser card encryption . 19 braintree also works with most of the leading ecommerce and billing platforms including bigcommerce shopify magento and wufoo . 20 braintree abstains from several major business categories such as auctions tours gaming ticketed events and charities citing the difficulty to underwrite such business models . 21 22 credit card data portability edit braintree initiated the credit card data portability standard in 2010 which was accepted as an official action group of the dataportability project . 23 credit card data portability is supported by an opt in community of electronic payment processing providers that agree to provide credit card data and associated transaction information to an existing merchant upon request in a pci compliant manner . see also edit electronic commerce payment service provider payment gateway paypal venmo references edit braintree marketing site . a b tech crunch . chicagoinno . a b forbes . market wired . the new york times . braintree expands to australia providing sophisticated payment tools for australian merchants . braintree expands online payment gateway to europe and canada . braintree is expanding its asia pac operations into hong kong singapore and malaysia . paypal acquires harper reed s mobile commerce startup modest . braintree s 50 billion milestone . accept payments online mobile payments made easy braintree . braintree streamlines sign ups cuts fees for developers to bring payments to their apps . techcrunch . aol . 1 october 2012 . perez sarah . paypal makes good on its braintree acquisition with launch of new developer tools the braintree v.zero sdk . techcrunch . retrieved 2016 04 11 . braintree now lets all u.s. merchants accept bitcoin venturebeat business by ruth reader . venturebeat . a b c d http readwrite.com 2014 08 19 paypal braintree one touch payments airbnb boxed munchery and yplan join list of growing merchants to enable one touch . strongly typed . braintree marketing site . braintree developer docs . braintree marketing site third party integrations . braintree risk & underwriting . merchant account risk . data portability in the credit card industry . . retrieved may 15 2011 . external links edit braintree company website crunchbase v t e mobile payments software 2c2p airtag alpha card services android pay apple pay barclays pingit bell id bitpesa bitstake bluesnap boku braintree carta worldwide cds global enstream ensygnia eservglobal fortumo google wallet helcim immediate payment service instamojo jumio kuapay lemon wallet luup mhits microsoft wallet mobile suica mopay mpeso multisafepay neomobile net element osaifu keitai payanywhere paym paypal qiwi quisk ripple samsung pay secure mobile payment service simpay tabbedout tagpay tappr ugo wallet venmo wizzit yandex.money zapp znap zoompass defunct amazon payments currentc softcard category comparison of payment systems retrieved from https en.wikipedia.org w index.php title braintree company & oldid 743336261 categories paypalcompanies based in chicagoe commercemobile paymentspayment service providers navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 04 54 . text is available under the creative commons attribution sharealike license ; 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