Braintree launches instant underwriting

Re:Braintree launches instant underwriting by zakshay on Monday October 01, 2012 @01:18PM (#4598182)

I'm not sure if this is comparable to Stripe's signup process.

I just tried signing up from: https://apply.braintreegateway.com/

At the end of it, my application for queued to be manually reviewed (~24 hrs) by an underwriter. Am I missing something here ?

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Re:Braintree launches instant underwriting by callmeed on Monday October 01, 2012 @01:21PM (#4598199)

Yeah the article says something about a 30-min process.

I suppose "same-day" would be more appropriate than "instant", but honestly what do you expect from Pando Daily?

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Re:Braintree launches instant underwriting by zakshay on Monday October 01, 2012 @01:37PM (#4598294)

UPDATE: My application was approved within 30 minutes.

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Re:Braintree launches instant underwriting by klynch on Monday October 01, 2012 @05:08PM (#4599352)

That's great! Not sure if you saw this answer to @davidandgoliath where I elaborate a little more on our process:

Most applicants will be approved instantly. There are some circumstances, such as the specifics of your business model, that may require a brief manual review. At most this will take 1 business day, but many reviews will be much quicker - as fast as 20 or 30 minutes.

The difference between Braintree and others is that when we say yes, we mean it. That means your business is good to go from day one and you won’t have to worry about paypal-like shut downs.

Kristi, Braintree

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