Earlier quoted context omitted.
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 do…
I don't consider failing to meet legal and tax obligations to be merely a "problem that impacts a small segment". It's true that realistically SMEs have a degree of shielding from the consequences because there are plenty of large enterprises to go after first and they have bigger wallets for the tax man and his limited resources to chase. But those enterprises also have armies of lawyers and accountants to defend th…
Stripe acquires Lemon Squeezy
191–200 of 220 posts
Re: Stripe acquires Lemon Squeezy
#192Earlier quoted context omitted.
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
#193Earlier quoted context omitted.
Er, it’s a fact. Anything post 2020 is a fraction of a cent.
For exactly what? Show the lowest cost provider in "traditional finance" and the cost using some blockchain for an end to end transaction that someone actually wants to do. What you are going to find is that the underlying cost structure for a few updates to a few relational dbs is about zero. The fees paid for some transactions having are a result of using the most convenient method possible. With a little bit of el…
Re: Stripe acquires Lemon Squeezy
#194I 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…
Re: Stripe acquires Lemon Squeezy
#195Re: Stripe acquires Lemon Squeezy
#196Re: Stripe acquires Lemon Squeezy
#197Earlier quoted context omitted.
Just like any contract, every single possible circumstance cannot be enumerated and at some point a judgement call is required.
Two identical business models (software) should either both be supported or both be rejected. They are pretty clearly playing favourites with their VC funded friends.
Re: Stripe acquires Lemon Squeezy
#198Earlier quoted context omitted.
Go work in payments a while and get a clue. They are constantly at risk from the card networks, banks, regulators.
Then time for them to group up and change the game. Not going to make excuses for corps. It's their responsibility to push, not mine to apologize for them.
Re: Stripe acquires Lemon Squeezy
#199Earlier quoted context omitted.
For exactly what? Show the lowest cost provider in "traditional finance" and the cost using some blockchain for an end to end transaction that someone actually wants to do. What you are going to find is that the underlying cost structure for a few updates to a few relational dbs is about zero. The fees paid for some transactions having are a result of using the most convenient method possible. With a little bit of el…
Sure: retail payments or international remittance - find the cheapest tradfi provider and we’ll go from there.
International remittance - atlantic money does $3 or something flat. By the time you get your cash into a crypto exchange and out, you are hosed for more than $3. If you can be bothered to open an account with someone like Interactive Brokers (yes, a traditional online stock brokerage) you can do it for about zero - you get wholesale FX prices and you can deposit/withdraw money from various accounts as long as you have all the paper work in place - annoying, but doable.
Again, a couple entries into relational databases, which is the true underlying cost structure of "traditional finance" is really hard to beat.
Re: Stripe acquires Lemon Squeezy
#200Earlier quoted context omitted.
Then time for them to group up and change the game. Not going to make excuses for corps. It's their responsibility to push, not mine to apologize for them.
The game is working out well for them. Why would they want to change it? What's next? Lebron should push for rule changes that make it easier for short guys?