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Stripe Tax

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Re: Stripe Tax

#381

Earlier quoted context omitted.

I've been using Paddle (and thus not worrying about VAT) for years now. They're mostly pretty good, although I use a very limited subset of their functionality, I basically just use them as a payment gateway. Their support is responsive and helpful, especially in the last year or so, and I haven't had any downtime to speak of. They don't accept all the payment methods that Stripe does, but enough for me. There are a…

> they don't really have any sort of proper test system, which is pretty unbelievable They fixed this a little while back. There's now a fully independent sandbox environment: https://developer.paddle.com/getting-started/sandbox

Wow, how did I not know that? Thank you!

Re: Stripe Tax

#382

Earlier quoted context omitted.

Paddle uses Currency Cloud for that, which charges a true mid-market rate and a very low transaction fee. It's what Transferwise uses behind the scenes.

They use whatever to convert all the currencies of the world into your base currency, usually USD/EUR. Then they transfer that to you, and you pay more conversion fees if that’s not your actual base.

I sell in USD, and then once a month they transfer my sales to me using Currency Cloud. At that point it gets converted at the mid-market rate + 0.25% IIRC. Since they don't actually make international transfers using banks, that amount is what actually arrives in my bank.

Re: Stripe Tax

#383

Earlier quoted context omitted.

I think you still need to collect VAT ID on your website and associate it to a stripe customer

Nope, no need! Tax ID is validated when you accept the payment: https://stripe.com/docs/tax/checkout#create-session .

Wao! Does it works for metered-usage plans too?
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