Braintree is giving back to startups and in a big way. The online and mobile payment company is offering $50 million in processing payment for free to 1,000 startups, which equates to $2 million in revenue donation. Braintree is hoping by waiving a startup’s first $50,000 in processing fees, the startup will be able to overcome the first hurdles of growing a business. In the past, Braintree has offered its services to Airbnb, Fab, and Github. [Source Braintree]