Braintree is a well-known payment processing platform that provides various solutions for businesses. However, if you’re looking for alternatives, mainly if you operate in a high-risk industry, you’re in the right place.
At Corepay, we’ve been working with many merchants who’ve been shut down by low-risk processors such as Braintree and we are confident we can assist should you be experiencing issues with your industry.
Key Takeaways
- Braintree is a subsidiary of PayPal and offers robust payment solutions, but it may not cater to all high-risk industries.
- Businesses in sectors such as adult content, gaming, or subscription services violate Braintree’s TOS.
- We believe we are the best alternative to Braintree for high-risk merchants as we various acquiring bank relationships, giving us the freedom to provide you with the lowest rates and exceptional customer support.
Alternatives to Braintree
Here are the three alternatives we recommend to Braintree, including ourselves, as we’ve helped many merchants who have come to us from PayPal and Braintree.
Corepay
At Corepay, we believe we are the best alternative to Braintree for high-risk merchants as we feature our own in-house underwriting team as well as an anti chargeback suite.
In-House Underwriting Team
Corepay’s underwriting team is dedicated to assessing and managing the unique risks associated with high-risk merchants. Comprising experienced professionals, our team evaluates applications with a focus on industry specifics, ensuring tailored solutions for sectors like adult content, gaming, and subscription services. Our expertise enables swift approvals and competitive pricing, facilitating seamless onboarding for clients.
High-Risk Expertise
Corepay specializes in serving merchants in high-risk sectors, such as adult entertainment, telemedicine, online dating, and CBD products. This expertise translates into a deep understanding of these industries’ unique challenges, allowing Corepay to provide tailored solutions that cater to specific business needs.
Chargeback Solutions
One of the significant advantages of Corepay is its comprehensive anti-chargeback suite, which is offered through its sister company, CB-ALERT. This proactive approach helps businesses manage and mitigate chargeback risks, crucial in high-risk sectors where chargeback rates can be elevated.
Competitive Pricing
Corepay offers transparent pricing with no hidden fees or setup costs, making it easy for businesses to forecast expenses and budget effectively.
24/7 Customer Support
Corepay understands the importance of reliable support, particularly in high-pressure environments. With a dedicated 24/7 support team, businesses can access assistance at any time, ensuring that issues are resolved swiftly and operations run smoothly.
Verotel
Verotel is a global payment service provider that specializes in offering payment solutions tailored for high-risk industries, particularly online businesses.
Established in the late 1990s, Verotel has built a reputation for its expertise in handling transactions for sectors that often face challenges with traditional payment processors, such as adult content, gaming, and subscription services.
*As Verotel helps many merchants get going in the beginning, they often charge substantially higher than other payment processors.
Key Features of Verotel
- Global Payment Solutions: Verotel supports a wide range of payment methods, including credit cards, debit cards, and alternative options like Bitcoin, allowing businesses to cater to diverse customer preferences.
- Flexible Payment Options: The company provides customizable solutions designed to meet the unique needs of high-risk merchants. This flexibility enables businesses to optimize their payment processes according to their specific requirements.
- Consideration of Rates: While Verotel offers robust services, potential users should review the terms, as processing rates may vary significantly depending on the industry and the nature of the business.
Commitment to Security
Verotel prioritizes the security of transactions and user data, employing advanced encryption technologies and compliance measures to safeguard sensitive information. This commitment to security is crucial for high-risk merchants who need to mitigate the risk of fraud and chargebacks.
Support and Customer Service
- Verotel is known for its responsive customer support, offering assistance to merchants navigating the complexities of payment processing in high-risk sectors. This support is vital for businesses that may require guidance in optimizing their payment strategies or addressing any issues that arise.
CCBill
CCBill is a leading payment processing platform that specializes in serving subscription-based businesses across various industries, including digital content, e-commerce, and online services.
Established in 1998, CCBill has built a solid reputation for reliability and flexibility, making it a popular choice for businesses seeking effective billing solutions.
One of CCBill’s standout features is its comprehensive set of tools. The platform offers customizable order pages that allow businesses to tailor their payment interfaces to meet specific needs.
Additionally, advanced billing APIs facilitate seamless integration with existing systems, enabling easy management of recurring payments and subscriptions.
*CC Bill is fantastic for many merchants when starting off, however, many merchants end up finding other solutions where pricing is lower once established.
Here are some features of CC Bill:
- Comprehensive Tools: User-friendly platform with customizable order pages and advanced billing APIs.
- Transparent Pricing: The flat-rate model ensures no hidden fees.
- Strong Customer Support: Provides live assistance and domestic phone support during business hours.
*We are also a leading Stripe alternative for high-risk merchants.
Determine Which Processors Support Your Industry
When exploring payment processors, consider the specific services they offer for your industry. Look for those with experience in your vertical and a proven track record. Many processors may claim to handle high-risk sectors but lack the specialized knowledge necessary to navigate industry-specific challenges.
PayPal and Braintree
PayPal acquired Braintree in 2013 for $800 million. Although Braintree is a different service provider and payment processor than PayPal, it labels itself as a PayPal Service to draw attention to PayPal’s ownership.
Why Choose Corepay?
Corepay stands out as a preferred alternative to Braintree for several reasons:
- Competitive Processing Rates: Focused on providing the best fees to enhance your business’s profitability.
- Rapid Approval Times: Approvals are typically granted within 24-72 hours, ensuring minimal downtime.
- High-Volume Capabilities: Proprietary payment gateway, Netvalve, designed for substantial transaction volumes.
- Multi-Currency Acceptance: Allows businesses to accept various currencies, enhancing global reach.
- Robust Security: PCI-Level 1 secure payment gateway with continuous monitoring.
- Mobile Payment Solutions: Supports payments via mobile devices, catering to consumer preferences.
- Transparent Pricing: No application, setup, or annual fees, enabling a focus on business growth.
- Exceptional Customer Service: Dedicated support team available 24/7 to assist with any inquiries.