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Stripe acquires Lemon Squeezy

lemonsqueezy.com

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Re: Stripe acquires Lemon Squeezy

#171

Post by localfirst »

eropple wrote: post #168
localfirst wrote: post #114

Earlier quoted context omitted.

Your comment being downvoted is quite telling of the founders that are joining YC they are looking at quick exits especially in this high interest rate environments and so are the backers Very few entrepreneurs are looking to create companies that will provide its workers with forever jobs It's sad but those few that are grinding it out and creating jobs, helping economies in those countries run proper are the unsung…

Sure--if you're looking to do that, you're probably not taking VC and almost definitely not using YC. VC does then choke out nascent companies in the "mid-sized, actually employs people" space if they think there's the potential for a quick buck, by driving it to zero, but the founders trying to do as you describe aren't anywhere near Y Combinator in the first place.

My response to your comment is the same.

Sure buddy.

Re: Stripe acquires Lemon Squeezy

#172

Post by danielmarkbruce »

devwastaken wrote: post #152
danielmarkbruce wrote: post #89

Earlier quoted context omitted.

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.

Stripe is not at any risk of having services cut by payment processors. They can leverage an excellent case against them if so. It's time they and the others get together and dunk on Mastercard before they decide to eat the whole pie.

Go work in payments a while and get a clue. They are constantly at risk from the card networks, banks, regulators.

Re: Stripe acquires Lemon Squeezy

#173

Post by Gormo »

ilrwbwrkhv wrote: post #170
eropple wrote: post #168

Earlier quoted context omitted.

Sure--if you're looking to do that, you're probably not taking VC and almost definitely not using YC. VC does then choke out nascent companies in the "mid-sized, actually employs people" space if they think there's the potential for a quick buck, by driving it to zero, but the founders trying to do as you describe aren't anywhere near Y Combinator in the first place.

I don't know why you're saying midsized companies where what I am saying is that you can become the largest companies on this planet by not selling out.

When it comes to becoming the largest company on the planet, like the Highlander, "there can only be one", and those that fail wind up with their heads chopped off, not thriving in a smaller niche.

Re: Stripe acquires Lemon Squeezy

#174

Post by CallMeMarc »

moneywoes wrote: post #144
mska wrote: post #7

What will happen to the Merchant of Record feature now? Hopefully they still keep it. That was the best part of lemon squeezy

how did this feature work?

Stripe is a payment processor which basically means they process the payments for you, so you do have to figure out the tax part yourself (or use their tax product, but you're still the one responsible for it.)

Lemon Squeezy is a merchant of record which means _they_ act as the merchant and sell the product to your customer. So they'll collect VAT and make sure it lands in the pockets of the right country etc. and will pay you only the remainder (minus their cut).

Since Lemon Squeezy uses Stripe under the hood as their payment processor you had to basically pay a cut to two companies if you used Lemon Squeezy but in exchange you literally have to worry about nothing. You just get a nice B2B reverse invoice and don't have to break your head around world wide (and especially EU) tax laws.

I really hope Stripe will double down on the whole MoR thing, it makes processing payments online so much nicer and less annoying.

Re: Stripe acquires Lemon Squeezy

#175

Post by eropple »

localfirst wrote: post #171
eropple wrote: post #168

Earlier quoted context omitted.

Sure--if you're looking to do that, you're probably not taking VC and almost definitely not using YC. VC does then choke out nascent companies in the "mid-sized, actually employs people" space if they think there's the potential for a quick buck, by driving it to zero, but the founders trying to do as you describe aren't anywhere near Y Combinator in the first place.

My response to your comment is the same. Sure buddy.

...I'm...agreeing with you?

Re: Stripe acquires Lemon Squeezy

#176

Post by eropple »

ilrwbwrkhv wrote: post #170
eropple wrote: post #168

Earlier quoted context omitted.

Sure--if you're looking to do that, you're probably not taking VC and almost definitely not using YC. VC does then choke out nascent companies in the "mid-sized, actually employs people" space if they think there's the potential for a quick buck, by driving it to zero, but the founders trying to do as you describe aren't anywhere near Y Combinator in the first place.

I don't know why you're saying midsized companies where what I am saying is that you can become the largest companies on this planet by not selling out.

You have to survive being a midsized company in order to become a large one.

Re: Stripe acquires Lemon Squeezy

#177

Post by localfirst »

moneywoes wrote: post #148
localfirst wrote: post #113

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…

what is the threshold

=> 1M ARR from EU

if you make close to or more than this from EU countries you can afford to hire

Re: Stripe acquires Lemon Squeezy

#178

Post by danielmarkbruce »

arcticbull wrote: post #129
tonynator wrote: post #92

Earlier quoted context omitted.

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.

Instead you should advocate for payment network neutrality. Visa and MasterCard should be required by US law not to discriminate against transactions, and enforcement should move from the private sector to, well, law enforcement. Like with ACH/FedNow. That might actually get us somewhere productive.

Terrible idea.

Plus, banks aren't allowed to just close their eyes and allow all money movement via ACH.

Re: Stripe acquires Lemon Squeezy

#179

Post by danielmarkbruce »

nailer wrote: post #147
tonynator wrote: post #92

Earlier quoted context omitted.

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.

current generation blockchain networks will absolutely have lower fees than traditional finance

No chance. This makes zero sense.

Re: Stripe acquires Lemon Squeezy

#180

Post by localfirst »

Silhouette wrote: post #125
jen729w wrote: post #119

Earlier quoted context omitted.

As an Australian, I kicked the tyres on a few of these products and quickly realised that I didn’t care. Didn’t care about my supposed tax liability in Saudi Arabia. I think I owe those guys $7. Come and get it. Or in Serbia. Or the EU, more broadly. Or in the province of Saskatchewan. All of which I theoretically owe sales tax. I’m registered for GST in Australia. I live in Australia. I will slavishly follow Austral…

The problem with the ostrich argument is always that it works until it doesn't. Governments have talked about more international cooperation on tax reporting and collection forever. One of these days they're going to start including serious measures for these things as a routine part of trade deals or other big agreements. They have increasingly easy targets as so many online sales now go through a relatively small n…

often problems that impact a small segment is blown out of proportion and this is a classic marketing strategy. throw in anonymous social media handles and boom you created the illusion a need for a problem you dont have or likely have

but the reality is if you dont have 1M ARR from EU there really isn't enough on the table to matter. So you owe 1k in Hungary or UAE, they are not getting INTERPOL to bust down your door especially if you dont live in EU or have legal entity in EU.

It's amazing how rampant crowd thinking is among software engineers and its exploited constantly by a gaslighting crowd who show up to spread the fears until it becomes just accepted as a real risk.

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