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by eerikkivistik 1263 days ago
Sure thing. Stripe is in some sense feature complete. You can get almost anything you need out of the box, including taxation related features. They have good documentation for development, simple setup for testing locally. I am not really aware of any other provider that offers that many features out of the box, with good documentation and customer support. The risks are there, but when starting a new business, its a smaller risk than going with an alternative and building out these features yourself.
1 comments
dinkblam 1263 days ago
not sure i can agree about being feature-complete. they have "some help with taxation calculation" but won't help you with filing and remitting VAT for all those weird countries that require you to collect, file and remit VAT even if you just sell a single license for 4 USD to their country (^). a small company can't register with 40 VAT offices all around the world. Paddle solves the issue by collecting VAT, but using Paddle is the best way to bankruptcy. We now use FastSpring for all countries that require VAT collection.

[^] concerns at least these countries as well as all EU countries. possibly a lot more if you breach the minimum-thresholds: AE, AL, AO, BH, BY, CL, CO, CR, DZ, EC, IN, KE, KR, MD, MX, RS, RU, SA, UG, VN, CH, TJ, GE

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eerikkivistik 1263 days ago
Yeah, so from what I can tell, with the addition of Stripe App Marketplace, we have some addons that can handle the VAT issue. But I have not tested them yet. As for filing the taxes, you still mostly have to do that with your local government tax agency, but any sales below 40k€/year should not require having any branches in other EU countries
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dinkblam 1262 days ago
you cannot file VAT for foreign countries with your "your local government tax agency". you need to talk to foreign governments in weird languages. even registering with them can be a year-long nightmare. thats why i said its "impossible" for small companies.
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eerikkivistik 1261 days ago
Maybe we are talking about different things. Up to an amount you can do this: https://europa.eu/youreurope/business/taxation/vat/vat-digit...
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