We work directly with Wells Fargo on our backend to make sure you end up with all the normal benefits of a merchant account (the money will be held in your name, you will be able to put whatever you want on your customers' credit card statements, etc.). We just want to abstract the whole process here -- basically, putting you on the account or accounts that makes the most amount of sense so you can start processing immediately and then continue processing at high volume.

Very cool. Is there no underwriting process then? That seemed to be one of the biggest steps in getting setup with Braintree.

There is quite a bit of screening/evaluation behind the scenes, but one of our goals is to not have legitimate businesses worry about any of it.