the Web’s fastest growing payment gateway, announced today that it
launched a plugin for Magento eCommerce Solutions to make Braintree’s
easy to implement payment solution accessible to 110,000 Magento
Braintree has created a simple plugin that allows Magento Enterprise and
Magento Community users to quickly and easily process credit card
payments through the flexible and scalable Braintree payment
Magento users will be able to store customers’ sensitive credit card
information in the Braintree Vault. Unlike other out-of-the-box payment
gateways that integrate with Magento, Braintree offers credit card vault
storage, a feature which enables merchants to reduce their PCI
compliance burden by over 90 percent and helps merchants drive higher
Braintree integrations are available for many other online shopping
carts, including Shopify, LemonStand, Ubercart and OpenCart, as well as
with the Magento Go eCommerce platform.
“This offering will give thousands of ecommerce businesses new and
better options when it comes to payment processing,” said Bill Ready,
CEO of Braintree. “By keeping all credit card data secure in our Vault,
we make PCI
compliance much simpler and easier for merchants to achieve. The
Braintree Vault also allows merchants to implement a card-on-file
feature which helps merchants increase their conversion rate at
Braintree’s explosive growth earned it a spot on last year’s Inc. 500
list as the nation’s 47th fastest-growing private company – and first in
the payments processing industry. Braintree currently processes more
than $4 billion in credit card volume annually.
Braintree’s client list reads like a Who’s Who of influential technology
companies, including LivingSocial, 37signals, OpenTable, Fab.com,
GitHub, Airbnb, Heroku, Engine Yard, Animoto, Shopify and HotelTonight.
Braintree attracted a $34 million Series A investment from Accel
Partners in June 2011 after founder Bryan Johnson profitably
bootstrapped the company for four years. Accel is one of the most
respected venture firms in the world and has invested in such well-known
companies as Facebook, Groupon, Dropbox and Rovio, the creator of Angry
Braintree helps online and mobile businesses process credit card
payments by providing a merchant
account, payment gateway, recurring billing and credit card storage.
The company is disrupting the payments industry by providing elegant
tools for developers coupled with white-glove support. Founded in 2007,
Braintree works with the world’s most discerning online merchants,
including LivingSocial, 37signals, OpenTable and GitHub. The company is
processing more than $4 billion in annual credit card volume from more
than 2,000 merchants. Approximately 15 percent of Braintree’s volume is
international as Braintree supports 130 different currencies. Braintree
was profitably bootstrapped for four years before accepting a $34
million investment from Accel Partners in 2011. Braintree ranked 47th in
the 2011 Inc. 500. Visit us at www.braintreepayments.com
and on Twitter @braintree.
SutherlandGold for Braintree
Susan Lyon, 650-714-3947
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