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Ask HN: European startup looking for a service for recurring billing

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Re: Ask HN: European startup looking for a service for recurring billing

#13

It's hard to find out what other startups (from Europe) use for billing. Can anyone give any examples? I understand that the rules are different and that most of the banks here are probably old-fashion, but isn't there a way to work around al those problems?

A slightly unconventional, but doable, approach for businesses aiming at the US market (or otherwise working primarily in US $) is to incorporate a subsidiary in the US and handle billing there.

Re: Ask HN: European startup looking for a service for recurring billing

#14

It's hard to find out what other startups (from Europe) use for billing. Can anyone give any examples? I understand that the rules are different and that most of the banks here are probably old-fashion, but isn't there a way to work around al those problems?

A slightly unconventional, but doable, approach for businesses aiming at the US market (or otherwise working primarily in US $) is to incorporate a subsidiary in the US and handle billing there.

Is it actually possible to start a subsidiary as an European citizen?

Re: Ask HN: European startup looking for a service for recurring billing

#18
We use Chargify with Payment Express hooked up to Barclaycard and American Express merchant services. It works great.

We lost $750 of sales (50%) in our first month because we didn't think Amex was important. It turns out that Amex is the card of choice for US businesses.

Re: Ask HN: European startup looking for a service for recurring billing

#19
post #17

Would it be possible for you to open a US account with an online bank and have all online payments go there? Or would this be a big no no?

I'm not an US citizen. I guess that you need a social security number and be an American citizen to open a bank account in the US.

Re: Ask HN: European startup looking for a service for recurring billing

#20
post #18

We use Chargify with Payment Express hooked up to Barclaycard and American Express merchant services. It works great. We lost $750 of sales (50%) in our first month because we didn't think Amex was important. It turns out that Amex is the card of choice for US businesses.

That's some good advice right there.
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