Braintree has opened the door to its online payment services to more than 110,000 merchants using Magento Inc.’s eCommerce Solutions as its online shopping cart, the company announced March 29.
Braintree developed a plug-in software patch that allows Magento Enterprise and Magento Community users to process credit card payments through the Braintree payment gateway, Chicago-based Braintree stated in a press release.
Magento’s online merchants now have the option to use Braintree services, particularly its credit card data vault storage designed to reduce Payment Card Industry data-security standard testing and costs for merchants, the company stated.
Braintree, which processes more than $4 billion in credit card transactions annually, provides payment-gateway services for such online merchants as LivingSocial Ltd., 37signals LLC, OpenTable Inc., GitHub Inc. and Engine Yard Inc.
“This [plug-in] offering will give thousands of e-commerce businesses new and better options when it comes to payment processing,” Bill Ready, Braintree CEO, stated in the release.
The Braintree credit card vault also allows merchants to create a “card-on-file” feature, which helps increase sales conversion rates at checkout, Ready said.
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