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Ask HN: What are some low cost payment processing alternatives to Stripe?

news.ycombinator.com

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Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#62

Post by khemdhaliwal »

mbStavola wrote: post #51

While we're talking about Stripe alternatives, anyone have a good Stripe Tax alternative? Their pricing is actually insane as they charge per API call rather than transaction amount. That sort of pricing made sense for TaxJar because it was their whole deal, but post-acquisition it would've made more sense to treat the tax product as a complement to the core business and just tack on a small 50c fee for successful ta…

Hey mbStavola, Khem from the Paddle team here. We see quite a few sites switch over from Stripe Tax - offloading tax (including the filing) is our core competency (rather than bundling loads of tools together) and we'd charge per transaction for everything to save you paying unnecessary fees. Happy to chat if you'd like to learn more :)

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#63

Post by rayquazatime »

riadsila wrote: post #26

Not sure if this previous thread from years ago will be of any use, sharing it just in case any of the alternatives are still relevant or could be of use for you: https://news.ycombinator.com/item?id=22596082 Mentions Adyen, Braintree, and Paddle

Paddle now looks super expensive, with like 5% + $0.5 what is happening?

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#64

Post by rayquazatime »

rayquazatime wrote: post #63
riadsila wrote: post #26

Not sure if this previous thread from years ago will be of any use, sharing it just in case any of the alternatives are still relevant or could be of use for you: https://news.ycombinator.com/item?id=22596082 Mentions Adyen, Braintree, and Paddle

Paddle now looks super expensive, with like 5% + $0.5 what is happening?

Okay this includes fraud and tax as well. Any idea how paddle's Fraud management compares with Stripe's radar?

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#65

Post by khemdhaliwal »

Hey NavyG - Khem from the Paddle team here. We offer a merchant of record model which takes all of the manual work/integrations away and can migrate customers seamlessly over so you can focus on the product. Happy to chat if you'd like to learn more.

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#66

Post by khemdhaliwal »

rayquazatime wrote: post #64
rayquazatime wrote: post #63

Earlier quoted context omitted.

Paddle now looks super expensive, with like 5% + $0.5 what is happening?

Okay this includes fraud and tax as well. Any idea how paddle's Fraud management compares with Stripe's radar?

Khem from Paddle here - we'll be able to fight chargebacks on your behalf too as part of that :)

The price above includes the entire payments stack (filing and remitting of taxes too), so you're compliant globally out of the box.

We often help teams avoid having to hire lots of external accounting resource.

Happy to chat if you'd like to learn more :)

Re: Ask HN: What are some low cost payment processing alternatives to Stripe?

#67

Post by NavyG »

hmert wrote: post #22

Hello, (I’m co-founder of MonoPayments, white label payment platform for fintechs.) If you want to pay less, you have to use local processors with local currencies. This would be a complex operation. 1. Establish a company at that jurisdiction 2. Make agreements with processors, it could be banks or wallet providers. 3. You need a treasurer (or CFO) 4. Foreign Exchange rates will be a concern after a while.

I currently operate only in US and I am willing to put in the effort for integration, PCI compliance etc. Do you have any recommendations for the local processors you mentioned?
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