[inertial]

- Are there any good (easy to use) payment processors available in Estonia (like Stripe) ?

- Is your startup governed by specific laws for data privacy etc.

- What about legal disputes, arbitration. How does that work for startups based out of Estonia ?

[martkaru]

1. There is EveryPay https://every-pay.com/ . You need to open an account in the LHV bank first before receiving payments. (disclaimer: me and our dev team built their tech platform)

2. All the EU data laws apply.

3. I guess it depends on how you specify it in your contracts, you could do the disputes/arbitration wherever you want. There is an overview of dispute options here: https://www.eesti.ee/en/entrepreneur/legal-aid/resolution-of... . For example, if you have a customer not paying their invoices that are below 6400 euro you could file an a request in E-toimik/E-file (a paperless court system) and the collection is automatic. You could also sue people "online" there. (disclaimer again, I lead the software architecture/development work on the E-file project.)

[fcolas]

LHV is for the merchant account, it's needed for EveryPay.

Their price structure is not fully pay as you go:

- there're no setup fees; but

- there's a fixed monthly fee—a so called terminal fee of 20EUR; and

- then there're the transaction fees—about 2.2% which is much less (!) competitive than Stripe's fees in the EU—1.4%.

Although I like what I've seen so far, as an app-developer, the fixed monthly fee wasn't acceptable. Plus, interaction with LHV was kind of painful (in this particular case, english was an issue).

[martkaru]

True, but EveryPay has 1 day settlement, instead of Stripe's 7 day settlement in the EU area, if that matters.

[fcolas]

Ok

And back to LHV, I've seen the PayPal account verification deposit (two payments of a few cents made to one's account) appear extremely fast on the account—I think it was less than one hour.

[iKristjan]

We're successfully using Braintree for about 4 years now and I know several other Estonian startups who do as well. https://www.braintreepayments.com

[fcolas]

+1

A bit of back and forth for the KYC process, but the onboarding process and the team are quite good and to the point.

[vages]

"Specific laws for data privacy": GDPR at the least.

[kreetx]

No Stripe unfortunately..