Getting Approved For Braintree
- Thread starter alexel
- Start date
- Mar 10, 2010
- 42,695
- 107,114
What reasons are they giving you for non-approval?
alexel
Regular Member
- Feb 20, 2015
- 317
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They can't directly specify to me because it's against their privacy policy or some bs like that but it can be 1 of many reasons they said. I was on the phone with them for nearly 2 hours and I felt like I was a dog chasing his tail with them.
- Mar 10, 2010
- 42,695
- 107,114
They are pretty straightforward, or were with me.
We needed a legal entity.
A bank account that was not a joke but had consistent funds in it for 3 months.
Proof of existence in terms of ID.
Proof of address with Utility bills.
I don't recall them asking for anything else and it went through fine.
We needed a legal entity.
A bank account that was not a joke but had consistent funds in it for 3 months.
Proof of existence in terms of ID.
Proof of address with Utility bills.
I don't recall them asking for anything else and it went through fine.
alexel
Regular Member
- Feb 20, 2015
- 317
- 202
During our call, they mentioned something about insufficient banking history, but I specified to them that this is a mobile application that has been established just a week ago.
I have another biz account that I can try and get approved for, but do you think that my application was rejected due to lack of history to that bank account? Lack of transactions? Funds?
@BassTrackerBoats
I have another biz account that I can try and get approved for, but do you think that my application was rejected due to lack of history to that bank account? Lack of transactions? Funds?
@BassTrackerBoats
- Mar 10, 2010
- 42,695
- 107,114
I bet that is what it was as they wanted 3 months of business banking statements.
alexel
Regular Member
- Feb 20, 2015
- 317
- 202
What a predicament. I had a team develop this app with their sandbox account not realizing that I'll run into this issue.
I'm gonna submit another application under another biz account, and let you know what happens. Thank man!
I'm gonna submit another application under another biz account, and let you know what happens. Thank man!
- Mar 10, 2010
- 42,695
- 107,114
We have a few LLCs that we own and some handle more than one revenue stream so it was not hard for us because I just used one of those and that bank account.
Maybe you could add the App to the old account and get it approved that way?
- Jun 20, 2013
- 11,521
- 8,937
In my country if you got legal entity like company you will get approved easily on any India payment gateway. If they are not approving you can go with other options, i am sure there is other options which offer similar features and service.
4Panda
Regular Member
- Oct 14, 2011
- 281
- 33
One thing that put me off is they require you to show your phone on your website (stated somewhere on braintree website). Do you need to show your phone number or your address on your website that's using it?
alexel
Regular Member
- Feb 20, 2015
- 317
- 202
Just called them now, and asked if I could do the same. Since my mobile app does not use a known gateway, I will need access to their Braintree Direct, and according to them it's a total separate application to the account I have now, so I'll need another application filled out and submited for Braintree Direct.
alexel
Regular Member
- Feb 20, 2015
- 317
- 202
They never mentioned something about that.
- Mar 10, 2010
- 42,695
- 107,114
I do not recall if they required it but I have it there anyway.
4Panda
Regular Member
- Oct 14, 2011
- 281
- 33
They did a year ago, I have emailed braintree about this before. They do have some ecommerce compliance thing https://articles.braintreepayments....requirements#contact-information-requirements , any of those contact information is sufficient (maybe they have loosen up on the requirements?). However, their support have told me before that your business phone number will be shown in customer's statement. It's stricter than Paypal for sure.