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Ask HN: Payment gateway for multi-vendor marketplace as an early stage startup?

news.ycombinator.com

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Re: Ask HN: Payment gateway for multi-vendor marketplace as an early stage startup?

#11

Post by coretx »

I don't know the US market, but I do know the EU market. Here you can simply open ordinary business accounts with different banks. ( Costs not even a 100 a year ) All charge different prices for single transactions or batches of transactions. And more importantly, all allow for transactions to be send by their preferred format. Generally, their price goes down as your volume goes up. Let your system do the math ( Pick the right bank for the transaction ) and be your own payment gateway.

Re: Ask HN: Payment gateway for multi-vendor marketplace as an early stage startup?

#12

Post by nickfromseattle »

ryanjshaw wrote: post #2

I too am looking into this for a platform I want to build and unfortunately all I can add is more bad news: * Paddle is off the list because they don't do marketplaces (well they emailed me and said they might but it depends on the revenue split, which is sketchy to me) * Mollie also has a "contact us" form and is likely a waste of time. * Stripe Connect seems like the real deal, but if you're in an unsupported devel…

> * Beware Stripe Atlas as a non-US citizen: owing a US company comes with very complicated legal obligations in all your future banking and tax dealings

I'm looking at adding a co-founder who is a non-US citizen.

Any more details here?

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