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I too am looking into this for a platform I want to build and unfortunately all I can add is more bad news: * Paddle is off the list because they don't do mark
by ryanjshaw 3y ago
I too am looking into this for a platform I want to build and unfortunately all I can add is more bad news:
* Paddle is off the list because they don't do marketplaces (well they emailed me and said they might but it depends on the revenue split, which is sketchy to me)
* Mollie also has a "contact us" form and is likely a waste of time.
* Stripe Connect seems like the real deal, but if you're in an unsupported developing country like me (ZA) it comes with additional challenges I still haven't figured out i.e. while it's easy to establish a company in a country supported by Stripe, opening up a bank account without a flight to that country for KYC is basically impossible.
* Beware Stripe Atlas as a non-US citizen: owing a US company comes with very complicated legal obligations in all your future banking and tax dealings
Also, it's super annoying how every thread on HN about this has a majority of people who don't understand that marketplace/platform payment solutions are not the same as direct charge solutions.
- pencablecoffee 3y agoI’m in a major US city and it seems extremely challenging to get this going, I’m sorry you’re going through an even more extreme version of it! It’s so frustrating. For the longest time, I’ve been wondering why nobody comes with the elephant company that dominates my domain and I’m starting to think this is a big part of the answer. The system seems designed for established companies or folks with a lot of resources. Launching any startup is tough, this is something I worry tenacity and product engineering talent alone can’t get past.
- nickfromseattle 3y ago> * Beware Stripe Atlas as a non-US citizen: owing a US company comes with very complicated legal obligations in all your future banking and tax dealings I'm looking at adding a co-founder who is a non-US citizen. Any more details here?