Flint, the Redwood City company that allowed everyone to accept credit card payments with your iPhone / iPad just announced that they are closing their business.
Seems like the bubble in the silicon valley is finally deflating.
In a letter to their users they wrote
Flint will be sunsetting its service
Unfortunately, we are winding down Flint’s operations. As part of this process, our current payment processing service will be discontinued on Thursday, February 18th. We wanted to provide you as much advance notice as possible and to give you an interim alternative to use the Flint app on a new platform.
In place of our current payment processing provider, we have built an easy to use integration with Stripe’s payment platform (www.stripe.com). This Tuesday, we will send you details on how to connect your Flint account to Stripe.
There are a few important dates to be aware of for planning purposes:
- Tuesday, February 16, 2016: We will send instructions on how to connect your account to Stripe. It will be immediately available for use as a replacement processing platform with the Flint app.
- 6 PM PST Thursday, February 18, 2016: Payment acceptance on Flint’s current processing platform will be de-activated. Note: you will receive deposits for outstanding settled transactions.
- 6 PM PST Saturday February 27, 2016: Flint services will go offline. If we are able to extend operations beyond this date we will let you know as soon as we can.
Please contact us at firstname.lastname@example.org if you have questions in the interim.
The Team at Flint
There will soon be a vacant office (2395 Broadway St, Redwood City, CA 94063) above Broadway Masala in Redwood City downtown. Broadway Masala will miss their lunch and dinner clientele.
Thank you Greg Goldfarb, Venkat Subramanian, Jim Gross, Terrence Sweeney, Sergei Gouzeev, and Markus Hummel for your attempt at making credit cards easier to accept. We wish you guys a bright future.