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Ask HN: How do you collect payment as Startup from Stripe none support country?

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Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#11

You can also use Wise as an alternative. For a certain fee they'd give the option of having a "local bank account" in that country so customers can do deposits there. Then you can withdraw to your main account elsewhere.

Wise is so good, they’re a Stripe sleeper competitor as credit card payments make way for local instant payments in various markets.

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#13

… Bitcoin? Well, only if the transactions are substantial - otherwise you are getting bones by transaction fees. You can run your own Lightning node - check out https://stacker.news for an example of proof of concept.

I am not sure accepting crypto is a good idea in my case, since my customers are low tech. They dont know much about these things.

Last time, when I made a transaction on ETH, it took me 10 mins for wait nodes to confirm and costed me about 20$ of transaction fee.

How about the speed of Bitcoin network now? Just curious.

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#14
post #13

… Bitcoin? Well, only if the transactions are substantial - otherwise you are getting bones by transaction fees. You can run your own Lightning node - check out https://stacker.news for an example of proof of concept.

I am not sure accepting crypto is a good idea in my case, since my customers are low tech. They dont know much about these things. Last time, when I made a transaction on ETH, it took me 10 mins for wait nodes to confirm and costed me about 20$ of transaction fee. How about the speed of Bitcoin network now? Just curious.

Much better. But still slow. Check out the lightning network, and the link I posted above for an example of how fast lightning network transactions are.

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#15
post #13

Earlier quoted context omitted.

I am not sure accepting crypto is a good idea in my case, since my customers are low tech. They dont know much about these things. Last time, when I made a transaction on ETH, it took me 10 mins for wait nodes to confirm and costed me about 20$ of transaction fee. How about the speed of Bitcoin network now? Just curious.

Much better. But still slow. Check out the lightning network, and the link I posted above for an example of how fast lightning network transactions are.

Just checked it, it’s very fast. Will the speed still the same if the network bigger?

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#16
post #15

Earlier quoted context omitted.

Much better. But still slow. Check out the lightning network, and the link I posted above for an example of how fast lightning network transactions are.

Just checked it, it’s very fast. Will the speed still the same if the network bigger?

Probably. If the network grows, more nodes will be added as the demand increases (because the nodes who open the channels, get paid a small amount of money. Very small, but still something).

You can run your own nodes, and get paid to open your own channels.

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#17
I’ve used PayPal to accept payments in non-Stripe countries. Even for Stripe-supported countries PayPal is probably an easier checkout experience because most customers just have to login to PayPal rather than getting their card or bank info out.

Re: Ask HN: How do you collect payment as Startup from Stripe none support country?

#20
post #17

I’ve used PayPal to accept payments in non-Stripe countries. Even for Stripe-supported countries PayPal is probably an easier checkout experience because most customers just have to login to PayPal rather than getting their card or bank info out.

Yes, I have the same thought.
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