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Ask HN: How do you collect payment as Startup from Stripe none support country?
I wanted to use Stripe to collect payment. But I'm a founder from Stripe's none support countries.
I see there is an option Stripe Atlas. I'm a little hesitate about this option. I totally understand the cost, set up fee and yearly fee. But is there any other hidden fee after this? Like taxes? ...
I did research and saw a few posts tell that, it costed them about 10k/year (When using Stripe + Stripe Atlas) with many hidden fees.
I asked a lot of people around me, they avoided answering this and I don't know why. I even contacted Stripe's support, and they redirected my to a lawyer site with no clear answer. I'm so frustrated.
I have a dumb question.
How do you collect payment if you're in my situation?
Paypal seems a better option for this.
- deleted 4y ago[deleted]
- flothebre 4y agoThere are a couple of alternative that I used before Stripe was allowed in my country: - Flurly, they take 1% on top of Stripe fees but provide super easy payment setup + dashboard, fraud management. You can be paid by direct transfer or PayPal - Paddle, never tried but has really good reputation - Gumroad, kinda same as flurly with higher fees and custom payment pages. You should consider alternatives before open a US company IMHO (except if you have others reasons to do so) Gumroad (not really appro
- tuyenhx 4y agoThank you so much for the suggestion.
- ReadTheLicense 4y agoIs there not a local payment gateway company where you're headquartered? If not, then a bank should be able to help you with accepting cards, they might even have their own online payment gateway with a simple enough API, or they'll point you to their online payments partner.
- tuyenhx 4y agoI am from Viet Nam. But it will take me a lot of time (1 - 2 months) just for only paper work before really integrate with their payment gateway.
- carlosleyva 4y agoYou can also use Wise as an alternative. For a certain fee they'd give the option of having a "local bank account" in that country so customers can do deposits there. Then you can withdraw to your main account elsewhere.
- tuyenhx 4y agoThank you! Let me check it
- toomuchtodo 4y agoWise is so good, they’re a Stripe sleeper competitor as credit card payments make way for local instant payments in various markets.
- nivertech 4y agoCould you explain how one can use Wise to accept credit card payments for a SaaS website? Or just point to the relevant pages on the https://wise.com/ https://wise.com/ site. Do you mean to open US bank a/c via Wise, and then use it with Stripe or similar to accept credit cards?
- illegalmemory 4y agoPlease check paddle, another decent option for solo founders.
- tuyenhx 4y agoThank you. Let me check it
- mikhael28 4y ago… Bitcoin? Well, only if the transactions are substantial - otherwise you are getting bones by transaction fees. You can run your own Lightning node - check out https://stacker.news https://stacker.news for an example of proof of concept.
- tuyenhx 4y agoI am not sure accepting crypto is a good idea in my case, since my customers are low tech. They dont know much about these things. Last time, when I made a transaction on ETH, it took me 10 mins for wait nodes to confirm and costed me about 20$ of transaction fee. How about the speed of Bitcoin network now? Just curious.
- mikhael28 4y agoMuch better. But still slow. Check out the lightning network, and the link I posted above for an example of how fast lightning network transactions are.
- tuyenhx 4y agoJust checked it, it’s very fast. Will the speed still the same if the network bigger?
- mikhael28 4y agoProbably. If the network grows, more nodes will be added as the demand increases (because the nodes who open the channels, get paid a small amount of money. Very small, but still something). You can run your own nodes, and get paid to open your own channels.
- alxmng 4y agoI’ve used PayPal to accept payments in non-Stripe countries. Even for Stripe-supported countries PayPal is probably an easier checkout experience because most customers just have to login to PayPal rather than getting their card or bank info out.
- tuyenhx 4y agoYes, I have the same thought.
- ev1 4y agoI think phrase you are looking for is "merchant of record"
- tuyenhx 4y agoI didnt know that is its name. Thank you for the phrase.