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Instead of calling Stripe directly, customers call Lemon Squeezy directly - it’s an abstraction layer around the Stripe API. What’s the barrier to entry for starting up a similar business?
The merchant of record model.
> Nine months after our public launch in 2021, we surpassed $1M in ARR and never looked back. Stripe is buying a lucrative business, but more importantly it is buying the complex knowhow of running an international tax-compliant merchant of record. They can then integrate this into their product. I switched to LemonSqueezy primarily out of concern for EU-wide tax ramifications (EU strikes again). Is there a reason to…
> Is there a reason to choose LemonSqueezy over Stripe if you are located in the US? There hasn't been a single VAT-compliance case to my knowledge and the need for MoR is unclear. It's not just the EU that charges VAT (or VAT-like taxes). Most countries (and in the US's case, subregions within) charge some form of sales tax that's a pain to manage yourself if you're not a huge operation. Always good to comply with t…
There's so little competition in the payments space, and this acquisition means that there's even less. I know LemonSqueezy already relied on Stripe, but before the acquisition, there was still a potential path for them to break that dependency.
I tried out LemonSqueezy a bit last year and had a mediocre experience, but it was at least nice to see a payment provider focused on simple, straightforward use cases. Stripe and Paddle have so many different customers and flows that it's hard to use them for simple, standard things. I was hoping to see LemonSqueezy fill that niche, but now Stripe is folding LemonSqueezy into the rest of their complex systems.
Are there any plans to adjust the extra % fees that get added to international, PayPal, and subscription payments, and payouts? ( https://docs.lemonsqueezy.com/help/getting-started/fees ) I found these surprising as I didn't see them mentioned on the pricing page near "Transaction fees ... 5% + 50¢" ( https://www.lemonsqueezy.com/pricing ).
Yes, that was a surprise. It was nice to learn about another MoR offering, but this makes them uncompetitive with Paddle, who uses flat 5% + $0.50.
> Nine months after our public launch in 2021, we surpassed $1M in ARR and never looked back. Stripe is buying a lucrative business, but more importantly it is buying the complex knowhow of running an international tax-compliant merchant of record. They can then integrate this into their product. I switched to LemonSqueezy primarily out of concern for EU-wide tax ramifications (EU strikes again). Is there a reason to…
> Is there a reason to choose LemonSqueezy over Stripe if you are located in the US? There hasn't been a single VAT-compliance case to my knowledge and the need for MoR is unclear. It's not just the EU that charges VAT (or VAT-like taxes). Most countries (and in the US's case, subregions within) charge some form of sales tax that's a pain to manage yourself if you're not a huge operation. Always good to comply with t…
[1] https://www.taxjar.com/blog/saas-california-sales-tax [2] https://www.cdtfa.ca.gov/lawguides/vol1/sutr/1502.html
Did Stripe get spooked by this?: https://www.lemonsqueezy.com/blog/guillermo-rauch-vercel-ceo
I'd be a little suprised. No one should take Guillermo's claims on things like performance as an unbiased fact. They do make some very impressive things at Vercel, but G is a salesman first and foremost.
He also happens to have found ways to profit from that.
Earlier quoted context omitted.
I'd be a little suprised. No one should take Guillermo's claims on things like performance as an unbiased fact. They do make some very impressive things at Vercel, but G is a salesman first and foremost.
I disagree, Guillermo is a (great) developer at heart and spirit. He also happens to have found ways to profit from that.
He played a big role in early NextJS development and did great work. My comment was meant as a remark on his public persona, he is very willing to over promise and embelish on how something actually works.
> Nine months after our public launch in 2021, we surpassed $1M in ARR and never looked back. Stripe is buying a lucrative business, but more importantly it is buying the complex knowhow of running an international tax-compliant merchant of record. They can then integrate this into their product. I switched to LemonSqueezy primarily out of concern for EU-wide tax ramifications (EU strikes again). Is there a reason to…
If anything, EU companies have it slightly easier because they can file all of their EU-based taxes using One Stop Shop.
> Rest assured, we’ll continue delivering the same fantastic product and reliability you’ve come to trust. We’ll be in touch as we work through this process with any updates as they come along. We’re excited about finding the best ways to combine Lemon Squeezy and Stripe. That sounds somewhat promising but not entirely committed.
Not a lack of commitment -- we just don't want to pre-announce the specifics.
merchant of record was one of the few things that stripe was missing. i'd be pretty worried if i worked at paddle.