Braintree already counts Uber, Fab and Airbnb among its clientele for processing payments and it's seeing $1 billion a year in mobile transactions. Now it's trying to give rival Paypal even more of a run by cutting fees and easing the sign-up process for developers. They're offering instant approval for new merchant accounts, which means a developer can add payments to their apps in about 30 minutes. This is instead of either having to wait several days for approval or partnering with a payment aggregator.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/SKFF98uXV88/
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