141–150 of 220 posts
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 ).
Merchant of Record is a cool feature to have-- Stripe Tax works well but the pricing structure is horrible. Paying a flat fee for dedicated tax handling would be considerably better! Now if only we could somehow get MoR for marketplaces...
I would love to use only Stripe, but MoR provides for me more than calculating how much tax I need to report per country. It takes a couple of days per month to prepare documents for my country's fiscal authority to report VAT and other taxes from customers inside and outside the EU. This is because in case of MoR I only have a couple of invoices per month but from a single company (the MoR) that is from one country. So there is little reporting done.
What will happen to the Merchant of Record feature now? Hopefully they still keep it. That was the best part of lemon squeezy
I find the whole aspect of having MoR a fear mongering tactic to get you to pay extra transaction fees 99% of SaaS won't reach the MRR needed to justify MoR Of the 1% those breaking through 7 digit MRR can simply hire in house to manage tax remittance and not confuse their customers with invoices labelled with MoR's branding All in all this seems like the fear campaign has worked beautifully for Paddle and Lemonsquee…
In case of invoices from EU as I am living in an EU country and the business is registered in an EU country I have to take into account collecting or not VAT and what percentage of VAT needs to be collected. There is OSS VAT and some other facilities, but all this takes days per month from my time to handle. And I prefer to spend those days coding something.
Moreso if they are inside EU there is a mechanism to cross-check if the other side reported the invoice (either sent or received) so to be compliant if you sell to multiple countries you have to report invoices.
The same goes for selling to US specially in case of ebooks - there are treaties in place that define royalty percent when the final customer is an US citizen.
So maybe if you are small and have the business registered in EU, the fiscal authorities will not come for you, but if they come the penalty is big enough to get me out of business. Thus I use MoR where for the income I get one or two invoices per month from LS and that is the only thing to report. Better as they are registered in US the reporting is simpler :)
Merchant of record can be really big - the biggest issue today is price. 5% + 50c doesn't make sense if you are selling $5 per month subscriptions. Reduce the price to Stripe pricing + 1%, and this will be the default for everyone!
this! im selling a subscription with this pricing model and it’s quite painful to swallow. having that said i really enjoy using lemon as my payment processor
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Stripe has a history of cutting off payments to businesses which are violating the TOS. Stripe's TOS is largely a result of rules in place by banks and credit card companies. If Stripe don't shut them off, they get shut off. To the extent they've made errors, I'd like to see you do better. The scale is enormous, there are fraudsters coming at you left and right. It's not an easy game to play.
The number one justification for cryptocurrency in my book, even if it's less safe or convenient or even has small fees. Your business being subject to the whims of payment processors is ludicrous. Even with this being the justification, they could just say they won't be working with the customer in the future, not literally steal their customer's already earned money.
I find the whole aspect of having MoR a fear mongering tactic to get you to pay extra transaction fees 99% of SaaS won't reach the MRR needed to justify MoR Of the 1% those breaking through 7 digit MRR can simply hire in house to manage tax remittance and not confuse their customers with invoices labelled with MoR's branding All in all this seems like the fear campaign has worked beautifully for Paddle and Lemonsquee…
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I've never understood the notion that US based companies have it easier. They still to pay applicable tax in every country/state that their customers reside. If anything, EU companies have it slightly easier because they can file all of their EU-based taxes using One Stop Shop.
You can do Non-Union OSS as a US company as well. I’d say the most annoying thing about the EU is their minimum transaction to start filing is very low compared to US Nexus rules.
Many of us are willing to pay for shipping and taxes up front just so their products don't get caught in the "free money for us" exploitation racket that is EU customs.
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As someone from a country not supported by Stripe, it is annoying how frequently I find some tool that I might want to use, only to discover Stripe's the only payout option.
Out of curiosity - which country?
PayPal, for all its faults, is still a far more universal option, but that means very little if people keep making Stripe-only tools. It has become a habit of mine to immediately look for the FAQ to see if PayPal is supported.