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30% cut for handling taxes? That's wild.
by d357r0y3r 2y ago
30% cut for handling taxes? That's wild.
- tppiotrowski 2y agoYou'd think so until you look into doing it yourself. It's more work than building a simple app.
- eviks 2y agoAnd you'd thinking would reverse again to the common sense baseline when you realize that alternative providers outside of locked systems don't charge 30%
- tppiotrowski 2y agoCan you name a provider? I personally use Stripe Tax for my business and while they will calculate the taxes you owe in each municipality it is totally on you to create an account with each country/state's Department of Revenue and fill out a form quarterly to submit your payments. This paperwork is what I believe a marketplace like the App Store or Amazon do for you under their own entity that you have to do yourself if you bypass their stores. Please correct me if I'm wrong.
- eviks 2y agoWhat's wrong with your Amazon example? They don't charge as much (and that's partially because, while they're big and dominant, they're still not as big/dominant in that market)
- piyushag 2y agoYou could consider using Galvix, which will connect with your billing system (including Stripe), fetch all the invoices and automatically prepare and file sales tax returns across each of the US states where you are legally required to file, all while providing you full control and visibility over the process. Galvix charges a flat fee of $75 per filed return, which can be considerably more affordable compared to paying a revenue share to other platforms (if tax compliance is the only reason you want to use these platforms). Disclosure: I am a co-founder of Galvix.
- threeseed 2y agoIt's 15% for most developers. And it's for a lot more than just handling taxes.