Monday, March 20, 2017

Did Braintree Payments just kill a successful Serbian taxi startup?

Absence often inspires innovation. For Serbian entrepreneur Vuk Guberinic, the lack of ridesharing services like Uber and Lyft in Belgrade spurred him to launch his own taxi-hailing app, Car:Go. Car:Go had some initial success, but things have quickly unraveled, and now the business is in a desperate battle for its survival. According to Guberinic, this is due to the actions of Braintree Payments – the Paypal-owned company it uses to process credit cards. He alleges Braintree Payments transferred money to a bank account that was no longer under the control of the company, after he issued a notice to cease disbursements…

This story continues at The Next Web

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