I'm hoping this means Stripe Tax will finally get the capability of actually filing the appropriate paperwork & taxes in the geographies it's required.
Stripe acquires Lemon Squeezy
81–90 of 220 posts
Re: Stripe acquires Lemon Squeezy
#82What will happen to the Merchant of Record feature now? Hopefully they still keep it. That was the best part of lemon squeezy
We will definitely keep it.
Please remove random add-on costs from lemon squeezy. There are fees on top of fees that can accumulate to almost 10% which is outrageous.
Re: Stripe acquires Lemon Squeezy
#83Instead 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?
Stripe itself, is an abstraction layer onto of payment network and banking APIs.
What's the barrier to entry for starting up a similar business?
Re: Stripe acquires Lemon Squeezy
#84This company screams “Stripe please buy me” so so much. From branding to the all UVP, it was a fast exit because it was meant to be. Still a massive achievement
Totally and this is the problem with startup founders of today. Their minds are filled with liquidity and an exit event. Steve Jobs had famously said how pathetic that is. And Zuckerberg, love or hate him, turned down billion dollars.
Selling your startup is not a good plan. Make it big, change the world, and swim in money.
Re: Stripe acquires Lemon Squeezy
#85Earlier 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.
> Their most recent funding round was a $150m Series D at a whopping $2.5b valuation back in 2021, to give you a sense of the size of the company.
How much are they worth now? I can only imagine their valuation has dropped. Does anyone use Vercel beyond free / low plans?
Re: Stripe acquires Lemon Squeezy
#86Merchant 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!
It does make sense if and if the following apply: (a) you have touched the brand and trust it over other offerings (b) are tech-literate but semi-technical or non-technical or simply don’t want to do anything more than a couple of clicks implementation (c) you are early enough in your journey that sales and revenue matter more than cost of revenue (d) any of the above originally but you solved those problems and now intertia/tech debt somewhere more urgent.
That’s a huge number of aspirational digital product vendors.
5 + 50 vs stripe’s lower direct take (for me 1.5 + 20). I just did a quick calculation on a really basic/modest digital product business. Sell something at €25 and sell €50k - 2000 customers. That’s going to be €7k with LSqz over a year, and with Stripe it’s going to be €1.15k
The difference is €16 a day.
The business makes you €137 a day.
If you spend a day each month sorting out admin and taxes because of stripe direct plus a few days paying a developer (you’re non-technical remember!) then that could easily be a cost of €5500 a year. Total cost including card processing is €6150 and it’s only €850 less than LemonSqueezy.
Why would you move?
And in particular why would you move sooner than 3 years if you are predicting similar revenue each year.
Re: Stripe acquires Lemon Squeezy
#87Earlier quoted context omitted.
> 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…
In addition to the overall benefits of not having non-compete agreements, California's software startup ecosystem also benefits from not having to deal with charging sales tax when selling SaaS[1][2] [1] https://www.taxjar.com/blog/saas-california-sales-tax [2] https://www.cdtfa.ca.gov/lawguides/vol1/sutr/1502.html
If they are selling SaaS to an entity in California. Which is the same for anyone selling SaaS to an entity in California, regardless of where the seller is located. I do not see why this would give California a competitive advantage in where a business's employees are located.
Re: Stripe acquires Lemon Squeezy
#88What will happen to the Merchant of Record feature now? Hopefully they still keep it. That was the best part of lemon squeezy
We will definitely keep it.
Stripe has a history of shutting down legit businesses and blocking payouts of their rightfully earned income, whilst also profiting off those frozen funds by investing it.
Sad to see lemon squeezy acquired by stripe.
Re: Stripe acquires Lemon Squeezy
#89Earlier quoted context omitted.
We will definitely keep it.
Stripe has a history of shutting down legit businesses and blocking payouts of their rightfully earned income, whilst also profiting off those frozen funds by investing it. Sad to see lemon squeezy acquired by stripe.
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.
Re: Stripe acquires Lemon Squeezy
#90It’s scary how big stripe is becoming. Instead of competing just buy up other companies. Might be another company that will require regulatory intervention and break them up (same as when the govt broke up the railroads)
> Instead of competing just buy up other companies.
Zuck has shown the way.