10 ms·

What will happen to the Merchant of Record feature now? Hopefully they still keep it. That was the best part of lemon squeezy

• pc 2y ago
  We will definitely keep it.
  • purple_ferret 2y ago
    [flagged]
  • emadda 2y ago
    Will the MOR feature be merged into regular Stripe, or will they remain separate?
    • HyprMusic 2y ago
      Also wondering this. I was planning on making the jump to LS soon but if Stripe will be offering MoR services then I'd rather stay within Stripe's stack. I suspect (hope) Stripe Tax will soon offer a MoR service. I imagine this acquisition is mostly for their tax expertise & perhaps internal tools that do all the hard work behind the scenes.
  • rvnx 2y ago
    It's in fact the reason people love LemonSqueezy (though it uses Stripe under), due to simplifying a lot the VAT remittance.
    • handelaar 2y ago
      I mean, OK, but by the time it's called VAT in their universe they're already treating you as 'overseas' and your total payment processor fee is pushing 10% because "not in the US" apparently carries a 100% surcharge
  • tmanager2021 2y ago
    [dead]
  • ssijak 2y ago
    Please remove random add-on costs from lemon squeezy. There are fees on top of fees that can accumulate to almost 10% which is outrageous.
  • thelittleone 2y ago
    Stripe has a history of shutting down legit businesses and blocking payouts of their rightfully earned income, whilst also profiting off those frozen funds by investing it. Sad to see lemon squeezy acquired by stripe.
    • danielmarkbruce 2y ago
      Stripe has a history of cutting off payments to businesses which are violating the TOS. Stripe's TOS is largely a result of rules in place by banks and credit card companies. If Stripe don't shut them off, they get shut off. To the extent they've made errors, I'd like to see you do better. The scale is enormous, there are fraudsters coming at you left and right. It's not an easy game to play.
      • tonynator 2y ago
        The number one justification for cryptocurrency in my book, even if it's less safe or convenient or even has small fees. Your business being subject to the whims of payment processors is ludicrous. Even with this being the justification, they could just say they won't be working with the customer in the future, not literally steal their customer's already earned money.
        • danielmarkbruce 2y ago
          Find me a single example of where Stripe kept the money themselves. In some cases they are legally obliged to hold onto funds. The don't get to keep them. You are putting yourself at risk of a lawsuit.
          • tonynator 2y ago
            [dead]
        • sanswork 2y ago
          All you're doing is moving the risk from the business to the consumer with crypto which is why it will never succeed. Consumers like all the things businesses hate about credit cards because they can get their money back if something goes wrong and when it comes to payments the customer decides who wins.
  • localfirst 2y ago
    "We will definitely keep it." - PC Empty words.
• moneywoes 2y ago
  how did this feature work?
  • CallMeMarc 2y ago
    Stripe is a payment processor which basically means they process the payments for you, so you do have to figure out the tax part yourself (or use their tax product, but you're still the one responsible for it.) Lemon Squeezy is a merchant of record which means _they_ act as the merchant and sell the product to your customer. So they'll collect VAT and make sure it lands in the pockets of the right country etc. and will pay you only the remainder (minus their cut). Since Lemon Squeezy uses Stripe under the hood as their payment processor you had to basically pay a cut to two companies if you used Lemon Squeezy but in exchange you literally have to worry about nothing. You just get a nice B2B reverse invoice and don't have to break your head around world wide (and especially EU) tax laws. I really hope Stripe will double down on the whole MoR thing, it makes processing payments online so much nicer and less annoying.