Exactly :-) We're here to compete on revenue lift + value-add. If we do not generate significantly more revenue than we charge, our customers turn us off.
536 karma · joined March 8, 2013
However, for now, settlement only to a US or Canadian bank account. We can do an instant transfer from a US/Canadian bank to an intlt account, but if you want to avoid US taxes and settle directly to an international bank, we do not support that. Our team is hard at work to support it in the next year.
- Collect as much as possible
- Figure out what features are worthwhile
- Focus on those features
Our competitors have an extremely narrow lens into all the data around a transaction. We've found things that they'll never find or even have access to in the first place. Blog posts to come here as well.
In payments, the MVP bar is high and we built like 4 companies in one (payment processor, fraud detection co, checkout platform, + more). So we had to raise a bunch, hire world-class people, and write code for a couple years before launch, all the while convincing investors that we weren't going to be another stealth-disaster-company. We then landed close to 100 customers while totally in stealth.
I'll be writing blog posts about how we did it -- from fundraising to recruiting to sales. It was 100 times harder than I ever imagined. But, it's made us stronger than ever.
We've had it for close to 3 years though.
Our fee ranges anywhere from a fraction of a percent to a couple percentage points. Companies selling $100k diamond jewelry (of which we have several) vs companies selling $100 bikes have different levels of risk.
Most importantly, we typically charge 1/10 the revenue we generate for our clients: https://bolt.com/case-studies. Everyone who's signed up is 10X ROI positive. For a small single digit percent they're making double digit percent more money.
On top of the Bolt Fee, we match processing, and that's about it.
- https://www.braintreepayments.com/braintree-pricing
- https://stripe.com/us/pricing
All of our clients (typically larger businesses) provide proof of lower rates with their existing processors and get those rates 100% matched. We do not negotiate processing, we just match the industry.
Docs are now fully public: https://docs.bolt.com/
Pricing varies depending on volume, risk, and a number of different factors given the complexity of payments (and that we're taking on full liability). But after a short call we provide a very simple flat rate with no BS. As much as we'd like to do one price, given the nature of our product, it's just not viable at this time.
There are other companies that do this, but none of them also do payments. They're kinda like rebate programs where you submit your fraud to them and they pay it off like insurance. It's a lot of manual work, back-and-forth, and they end up not doing a great job. So, this is a first for the industry.
Why is our fraud detection so much more accurate? We have access to the full stack of data across checkout, payments, and the user's shopping experience, collecting 200+ variables on every transaction. Most silo'd fraud providers may end up getting 10-20 variables and have to make uniformed decisions, resulting in $10's billions in false positives (good customers getting rejected by fraud tools) in the US every year.
Onsite | San Francisco | VISA ok .
We are building a better online payments stack and are growing fast.
Actively hiring for 10+ roles:
- Fullstack / Backend Engineer (Using Go and React although prior experience therein is not required) .
- Data Science / Data Engineer (Lots of python) .
- Infrastructure / Devops Engineer .
- Recruiter .
- HR/Operations .
- Business Development Reps / Account Executives .
- More at https://bolt.com/jobs .
I'm, Ryan, the CEO. Email me here --> rb [at] bolt.com
We are building a better online payments stack and are growing fast.
Actively hiring for 10+ roles:
- Fullstack / Backend Engineer (Using Go and React although prior experience therein is not required)
- Data Science / Data Engineer (Lots of python)
- Infrastructure / Devops Engineer
- Sales Reps / Account Executives
- More at https://bolt.com/jobs
I'm, Ryan, the CEO. Email me here --> rb [at] bolt.com
We've redesigned the online payments stack from the ground up, making online commerce simpler and more powerful for businesses.
Culture filters:
- We work hard and love doing so
- We are intellectually curious and embrace ideas
- We are a team, not a family
- We are building something that will either be iconic or nothing at all
Roles we're hiring for:
- Backend Engineer - https://bolt.com/jobs/backend-engineer
- Fullstack Engineer - https://bolt.com/jobs/fullstack-engineer
- Senior Sales Role - https://bolt.com/jobs/sales-senior-role
- Build the future of online transactions
- Work with the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Hiring across the stack! Backend, frontend, infrastructure, security
- Golang backend, React frontend
Work with a stellar team, solve large technical problems, and create immense value for the world. Make the internet a better place for commerce.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- Build the future of online transactions
- Work with the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- Golang backend, React frontend
Work with a stellar team, solve large technical problems, and create immense value for the world. Make the internet a better place for commerce.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- A brand new online payments stack
- Work with the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- Golang backend, React frontend
Work with a stellar team, solve large technical challenges, and create immense value for the world. Make the internet a better place for commerce.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- A brand new online payments stack
- Work with the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- Golang backend, React frontend
Work with a stellar team, solve large technical challenges, and create immense value for the world. Make the internet a better place for commerce.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- Uproot the ancient payments stack and work with the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- Golang backend, React frontend
Work with a stellar team, solve large technical challenges, and create immense value for the world. Make the internet a better place to transact.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- We're bringing together the best (https://bolt.com/team) to dramatically change how online payments work.
- Job descriptions here: https://bolt.com/jobs
- Backend, front-end, infrastructure, and security engineers
- Golang backend, React frontend
Work with a stellar team, solve large technical challenges, and create immense value for companies and consumers globally. We're here to solve real problems and push the world forward in a meaningful way.
I'm cofounder/ceo. Email me directly: rb ~at~ bolt.com
- We're bringing together the best (https://bolt.com/team) to build the future of online payments.
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- We're a Golang and React shop.
Work with a stellar team, solve large technical challenges, and create immense value for companies and consumers all over the world. We're here to solve real problems and push the world forward in a meaningful way.
I'm cofounder/ceo, so you can email me directly: rb ~at~ bolt.com
- We're bringing together the best of the best (https://bolt.com/team) to build the future of payments and commerce on the web.
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- We're a Golang and React shop.
Work with a stellar team, solve large technical challenges, and create immense value for companies and consumers all over the world. We're here to solve real problems and push the world forward in a meaningful way.
I'm cofounder/ceo, so you can email me directly: rb ~at~ bolt.com
- We're bringing together the best of the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
- We're a Golang and React shop
Work with a stellar team, solve large technical challenges, and create immense value for consumers and companies all over the world. No vanity involved - we're just here to solve problems and push the world forward.
I'm cofounder/ceo, so you can email me directly: rb ~at~ bolt.com
- We're bringing together the best of the best: https://bolt.com/team
- Job descriptions here: https://bolt.com/jobs
- Backend, frontend, infrastructure, and security engineers
Work with a stellar team, solve large technical challenges, and create immense value for consumers and companies all over the world. No vanity or ego - we're just here to solve problems and push the world forward.
I'm cofounder/ceo, so you can email me directly: rb ~at~ bolt.com
Naval is an unbelievable investor, entrepreneur, and friend. He's completely founder aligned in a way that is almost unheard of in silicon valley. Someone you don't have to watch what you say and can simply be direct with. I've only recently gotten to know Naval. But, immediately, he's risen to the top as my favorite person to work with hands down.
Truly a unique founder ally amidst the staunch traditionalism of silicon valley investing. Can't wait to see AngelList continue to change/democratize fundraising.