1. Select 'Blue' Auth Mode
2. Login into Braintree
3. Once you're on the Home screen, click on the Gear icon and then -> Business
4. On the Business screen you'll find the Merchant Account ID, copy that and paste it under Merchant Account ID on Ribbon.
5. Now, again click on the Gear icon and -> API
6. Click on the Generate New API Key button under API Keys, to generate a new key. (Already generated keys can also be used)
7. Click on View
8. Merchant ID, Public Key, and Private Key would get displayed. Copy that and paste it into Ribbon.
9. Click on the Save Payment Method button.
The Payment Method should then get set up successfully.
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