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Correct. But that's not what you're paying for of course, you're paying for the fact that you don't need to pay an accountant to double check these numbers: if
by TheRealPomax 5y ago
Correct. But that's not what you're paying for of course, you're paying for the fact that you don't need to pay an accountant to double check these numbers: if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe--if you so choose--to take on the legal responsibility of getting it right.
- nrmitchi 5y ago> if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe to take on the legal responsibility of getting it right. Where exactly is this stated? As far as I can tell, all this does is say what taxes you should be collecting, and then collect them. It doesn't even handle (at this point) remitting payment to the appropriate jurisdications. I see no evidence that if your taxes are collected wrong, Stripe will do anything other than say "Your accountant should have caught that, sorry." I see no evidence that by using this product, Stripe will indemnify you against tax issues (which yes, would go a long way to justifying the cost)
- deleted 5y ago[deleted]
- giovannibonetti 5y agoThis is specially valuable if you are selling your product across multiple countries, which may have different taxes.
- koolba 5y agoIs that legally binding somewhere? If they completely miss out that we were meant to collect X% for a municipality, will they be covering that out of their pocket?
- giansegato 5y agoI don't really think you're paying for accountability. That would involve some serious risk taking on Stripe side. I see no mention of this in the marketing material.