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Paddle, Lemon Squeezy and Fastspring are popular choices for Merchants of Record. These are basically distributors that sell your software in their name and tak
by alex_suzuki 3y ago
Paddle, Lemon Squeezy and Fastspring are popular choices for Merchants of Record. These are basically distributors that sell your software in their name and take on the liability of filing taxes correctly.
Stripe for people who don't care about taxes or are large enough to have an accountant do it for them.
- Havoc 3y agoThanks for the detailed response. Didn’t know the merchant of record thing exists. That’s neat
- jokethrowaway 3y agoAccountants can charge a fair bit to handle N transactions so it may be cheaper to pay a MoR 5% instead of 3% for Stripe and pay your accountant extra. All the EU makers I know are using some sort of MoR. Stripe is still very popular in USA for makers who sell to USA, as sales taxes have tresholds; unless you sell a lot from an individual state, you don't have to worry about it. VATMOSS in Europe (the regulation which drove all the small sellers I know to drop their ecommerce websites and move to Amazon - talk about regulation to protect the people and damage Big Business!) doesn't have tresholds and you need a massive up to date VAT list + storing proof of user residing somewhere.