1st Business, Best Payment Processor, Would appreciate feedback

[Pleasure Prophet]

About to start my first business.

Everything is set and the last thing is deciding on a payment processor. I'm essentially running a coaching business. Weightlifting and such.

I have already messed around with different options. It seems making a Stripe Merchant account is best. Creating a link, figuring out the email automation for sending codes/link to the private group and receipts

I would manually keep track of subscriptions. Anything like Whop looks unofficial. As of right now, I would go through the process of a Stripe Merchant account from my research

I would appreciate feedback from others who have created a business(es). Possibly help others in my position as well

 

[bulkpanelshop]

About to start my first business.

Everything is set and the last thing is deciding on a payment processor. I'm essentially running a coaching business. Weightlifting and such.

I have already messed around with different options. It seems making a Stripe Merchant account is best. Creating a link, figuring out the email automation for sending codes/link to the private group and receipts

I would manually keep track of subscriptions. Anything like Whop looks unofficial. As of right now, I would go through the process of a Stripe Merchant account from my research

I would appreciate feedback from others who have created a business(es). Possibly help others in my position as well

Yeah, you’re right, Stripe seems like the best one. I’m currently running it for my UAE-based company — still no issues!

 

[DanjoeT]

what do you mean by "Creating a link, figuring out the email automation for sending codes/link to the private group and receipts"?

 

[Correctively Objective]

If it's your first store research "merchant of record". At a relatively small price you save up on a lot of headaches. Taxes, compliance etc.. and they have to worry about payment processors.

 

[Pleasure Prophet]

If it's your first store research "merchant of record". At a relatively small price you save up on a lot of headaches. Taxes, compliance etc.. and they have to worry about payment processors.

Thanks. Didn't know that was a thing. Now I do. Signed up for Lemon Squeezy

Awaiting application approval. Easy since they use stripe, which I already had made a merchant account

 

[Ano_ett]

Yeah, you’re right, Stripe seems like the best one. I’m currently running it for my UAE-based company — still no issues!

How are you using stripe in the UAE? I thought UAE bank accounts are not possible in stripe?

 

[Correctively Objective]

Thanks. Didn't know that was a thing. Now I do. Signed up for Lemon Squeezy

Awaiting application approval. Easy since they use stripe, which I already had made a merchant account

Lemon Squeezy will deny you regrettably. They dont deal with service businesses.

 

[bulkpanelshop]

How are you using stripe in the UAE? I thought UAE bank accounts are not possible in stripe?

It’s allowed in the UAE — Stripe works with many banks here.

 

[WAndreas]

Consider creating an invoice. Almost all existing platforms (CoinGate, OpenNode, Cryptomus, NOWPayments, Binance) allow you to do this. AdvCash and Payeer allow you to accept both cryptocurrency and fiat currency.

 

[shijin]

I’ve been there, even with Stripe, I manually double-check subscriptions at first, just to be safe

 

[Venusaur]

Paddle for accepting credit cards, Cryptomus for crypto payments, Payoneer and Revolut for wire transfers