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There’s also Paddle and Fastspring. With stripe et al you are the merchant of record but with the above two they are the merchant of record. For people who are
by inapis 7y ago
There’s also Paddle and Fastspring. With stripe et al you are the merchant of record but with the above two they are the merchant of record. For people who are new to receiving payments, like me, this was a big revelation.
Receiving payments is just the tip of the iceberg. There’s tax, vat, handling fraud, chargebacks and other compliances, not to mention more headaches if your place of incorporation is different than your place of business/where most transactions occur.
Depends on how much you want to handle. If you want to handle chargebacks/fraud on your own, Stripe is great. If you want to offload that responsibility, then you need someone like paddle and fastspring.
I’m currently still evaluating what I want and do not want to deal with but this little piece Iof information might help someone in need.
- FSpring_Rkong 7y agoHi Inapis, You’re right about payment processing being only the tip of the iceberg! Often times, companies are shocked to find out that there’s a lot more to ecommerce than just selling their products online. To avoid costly fines and maximize their revenue potential, companies selling their digital products online must also focus on fraud prevention and proper VAT/TAX management. You can learn more about digital taxes and VAT in this blog post: https://fastspring.com/blog/everything-need-know-digital-taxes-vat/ https://fastspring.com/blog/everything-need-know-digital-tax... If you have any additional questions or would like to learn more about our features, please visit: https://fastspring.com/ https://fastspring.com/ Full disclaimer: I currently work at FastSpring.