Hi, the net 60 is just during the beta period and really there to combat fraud. I assure you it is not to help "bootstrap."
We intend to lower it later to 30 days.
Edit: if you email us at feedback@pintpay.com we would consider lowering that number from 60 for approved/verified merchants.
Thanks for the response. Many of the other comments are now putting this into context.
However, realize that if I were to switch to your service I might see a huge disruption in our business' income. Even 30 days could be tough for some considering Paypal makes our money available instantly.
We bring in approximately 80% of our income through Paypal, and have rolled our own subscription management service. We are also actively looking to migrate that to Recurly in the 3Q of this year.
In that context, how would you differentiate yourself from Recurly and the others (Chargify etc) ? If it is regards to having your own payment gateways, that's great! But I'd be seriously worried about fraud since Paypal (and other payment gateways) have extremely mature fraud protection programs that have matured over many many years. I'd love to hear further how your offering matches up against that.
We intend to lower it later to 30 days. Edit: if you email us at feedback@pintpay.com we would consider lowering that number from 60 for approved/verified merchants.