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> Can you imagine where half the SaaS startups will be without recurring credit card subscriptions? In Singapore or the United States. This is the route they t
by cinbun8 12y ago
> Can you imagine where half the SaaS startups will be without recurring credit card subscriptions?
In Singapore or the United States. This is the route they take to avoid this problem.
> I really don't think it's about customer security
It is. Even with the security involved you frequently see people responding to the `You won a lottery from Coca Cola` and getting defrauded.
> Who are the right people to contact who can do something about this?
You're asking for a framework that would benefit SaaS startups. Fair enough. This will take time. Recurring billing is important, but what about contracts ? Did you know that you need a signed document for each customer that a SaaS company engages with in India ? It needs to be signed physically. Credit card charges are only the first step. From a broader perspective starting a company from here is still hell.
You either use a 3rd party provider that can set up recurring billing and move the money into an Indian bank account (like 2CO) or move the base of operations to Singapore / US so you can set that up. India is not startup friendly and this will be the case for some time to come. There is very little incentive to make things easier for the little fish.