Braintree: One Touch Mobile Payments with PayPal and Acceptance of Bitcoin Payments

SAN FRANCISCO | At the TechCrunch Disrupt in San Francisco, Braintree announced the availability of its One Touch™ mobile payments with PayPal. It is the industry’s first and only single touch payment experience on iOS and in public beta on Android. Braintree also announced they will enable their merchants to accept Bitcoin payments in the coming months through a partnership with Coinbase.

PayPal One Touch

With One Touch, people will be able to pay across their favourite apps in a single touch on any platform, eliminating the need for usernames and passwords each time you pay, while maintaining the trust and security that Braintree and PayPal deliver. One Touch is currently available to U.S.-based merchants, but the feature will be rolled out to their merchants internationally in the next few months. Click the image below to view the One Touch video.

Screen Shot 2014-09-09 at 13.35.54


Bitcoin Payment Processor Coinbase

Next to launching its One Touch payment service, Braintree announced it partners with Coinbase to allow their merchants to easily accept bitcoin payments. Coinbase, a bitcoin payment processor with 1.6M consumer wallets, services 36,000 merchants globally. "As we make bitcoin available, our SDK will make it seamless for developers and merchants to add bitcoin to their existing payment methods and provide an elegant, adaptive user interface for consumers to pay in bitcoin with their Coinbase wallet."

Open a Separate Bitcoin Merchant Account

Braintree merchants using Coinbase will receive all the benefits associated with accepting bitcoin payments, including 1% flat transaction fees (waived for the first $1M in bitcoin sales) with no additional costs, all while avoiding exposure to any currency volatility risk thanks to Coinbase’s Instant Exchange feature. To accept bitcoin, Braintree merchants simply need to open a separate merchant account with Coinbase and then link to their Braintree account.


Braintree SDK

Braintree, striving to give merchants easy access to the most sophisticated payment tools, now includes the most relevant wallets across platforms -- all via a single integration, the Braintree SDK. This includes PayPal, with over 150M active digital wallets, Venmo, which is processing more than $1.5B in mobile payment volume annually and Coinbase in the coming months. Merchants using can add just a couple lines of code, check a button, and add a new payment method or feature in minutes, and consumers can get quick access to these new experiences.

Sourced from Braintree's website, September 9th, 2014

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