PAYMENT PROCESSOR

[MultipleX]

There is a standart registration fee of 500 EUR from mastercard that most legit⁠ PSPs ask to pay. You can ask them to take it from your processing volume.⁤

 

[montterio]

Not that alone and their settlement is s**t .. 15 days⁠ hold of fund to settlement

 

[MultipleX]

This is a requirement from most of the card‍ providers. It is 14 days on first settlement and then 7 days every next settlement.⁠

 

[Wellington]

Can't use Stripe (as it will be in personal initially and country not covered).
Can't use Paypal as country isn't covered unless legal entity established.

 

[daniels27]

Why not use a personal PayPal in a country covered?

Maybe Braintree. But that's PayPal⁠ too.

I think otherwise you are pretty much limited to aggregators like paymentwall.com 2co.com etc.⁤ as Visa and MasterCard won't just issue MIDs.

 

[FildaK]

What is the business model you will be covering ?

 

[Wellington]

Digital subscription to a terminal based system

 

[Wellington]

Nah PayPal⁠ locked down here a few years ago due to tax evasion

 

[Wellington]

Unless you can use PayPal for processing digital subscriptions - unsure if you can do‌ that on a personal account

 

[FildaK]

• Paddle:
  • Pros: Acts as a Merchant of Record (MoR), reducing your compliance burden.‌ Supports recurring billing and subscriptions.
    
  • Cons: Slightly higher fees due to the MoR model.‍
    
• PayPal (Standard or Subscriptions):
  • Pros: Easy setup, no immediate need for a full-blown⁠ business registration for lower volumes.
    
  • Cons: Limited customization, higher fees for certain payment methods.⁤
    
• Chargebee (with Payment Processor Integration):
  • Pros: Comprehensive subscription management platform with payment integrations⁣ like Stripe, PayPal, and Braintree.
    
  • Cons: More complex setup; consider only if subscription management⁢ features are essential.
    
• Revolut Business:
  • Pros: Minimal setup for EU/UK-based businesses, supports subscriptions.︀
    
  • Cons: Limited compared to Stripe in terms of integrations and global reach.
    
• Braintree (by︁ PayPal):
  • Pros: Good for subscription businesses, supports multiple payment methods.
    
  • Cons: More︂ extensive KYC if scaling beyond testing.
    
• Paystack (if targeting African markets):
  • Pros: Great for︃ African markets, supports subscriptions.
    
  • Cons: Limited outside Africa.
    

 

[Wellington]

Paddle got a decline on URL (weird as its just AI product(s)).

 

[daniels27]

At least I'm certain markets,‍ you can. Definitely worth a try to open a PayPal in let's say the UK⁠ or Germany and then use that personal account for testing. I can even receive website⁤ payments with me personal accounts.

Digital River may be another option but I expect their⁣ KYC to be full as with Paddle.

 

[Wellington]

Paddle didn't get to the KYC side lol

 

[Titibtototo]

[No content provided]

 

[usacpa]

Can you pay a colleague to use theirs if it's just for testing the API‌ or integrations and it's for immaterial amounts. Like a friend's stripe account