Re:The Internet Needs a Better Way to Handle Money. This Sta...
by anderspetersson on Wednesday July 23, 2014 @04:17PM
(#8076714)
So, this article is talking alot about tech and not so much about the bureaucracy that is involved getting paid online.
I'm building a marketplace, airbnb, model, and have applied to braintree, the process has taken 10 days and counting, so far they have asked for the following documents.
- Copy of my passport,
- Company registration papers
- Bank account statement,
- Buisness plan,
- Terms of service,
- Privacy Policy
(Physical address and phone on website, apperently a requirement from VISA/Mastercard)
How does Stripe solve this problem? I have never needed to provide a business plan when embedding a YouTube Video.
Note, I'm in a country where Braintree's Marketplace offering (or Stripes, or Balanced) is not available. So I'm doing the payouts to the service providers myself.
I'm building a marketplace, airbnb, model, and have applied to braintree, the process has taken 10 days and counting, so far they have asked for the following documents.
- Copy of my passport,
- Company registration papers
- Bank account statement,
- Buisness plan,
- Terms of service,
- Privacy Policy
(Physical address and phone on website, apperently a requirement from VISA/Mastercard)
How does Stripe solve this problem? I have never needed to provide a business plan when embedding a YouTube Video.
Note, I'm in a country where Braintree's Marketplace offering (or Stripes, or Balanced) is not available. So I'm doing the payouts to the service providers myself.