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.
Ask HN: How do you collect payment as Startup from Stripe none support country?
11–20 of 21 posts
Re: Ask HN: How do you collect payment as Startup from Stripe none support country?
#12Well, 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.
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.
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… 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?
#15Earlier 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.
Re: Ask HN: How do you collect payment as Startup from Stripe none support country?
#16Earlier 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?
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?
#17Re: Ask HN: How do you collect payment as Startup from Stripe none support country?
#18Re: Ask HN: How do you collect payment as Startup from Stripe none support country?
#19I think phrase you are looking for is "merchant of record"
Re: Ask HN: How do you collect payment as Startup from Stripe none support country?
#20I’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.