How to Get Payments From Users?
Vitalii Rybka 👋
15 replies
Hi folks,
Currently, I'm looking for a way of getting payments from users in my project. I know literally nothing about this process. I heard there is an option to register LLC in Delaware but I'm not sure that this the right way. Maybe there are many other options which I missed? It's also applicable to me to register a company in other residences. The very important moment to me is to be able to do this via the Internet without physical visiting. Do you happen to know, is it possible to get payments without LLC? I believe, that PH Community can help in this case. Please, share your advice, links, articles, whatever in the comments.
Thank you very much for your time and assistance in this matter.
Cheers,
Vitalii
Replies
Yuliia Mamonov 🇺🇦@yulia_mamonova
I'd say that it depends on your monthly sales volumes. For smaller volumes, I'd recommend a popular third-party solution like PayPal or even Patreon, as was recommended above. But once the business starts to grow, you can consider developing your own payment gateway (or going for a white-label solution). Though it requires initial development costs, it'll save a ton in the long run.
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@yulia_mamonova thank you for the solid answer. Yes, I agree that there are lots of circumstances that I need to take into account. I think I will take some time for figuring out which third-party service is more suitable for my case. Yulia, do you happen to have hands-on experience with withdrawing money from 3d-party services to a bank account?
Banger.Show
Hello Vitalii!
You can receive payments without registering any company. There are some intermediary services:
- Paddle - great API docs, designed for SaaS and good developer experience
- Gumroad - good thing if you want to sell some content. For example your book, private e-mail newsletter etc.
Paddle supports withdrawals to Paypal and Payoneer, but Gumroad does not.
Be careful with the withdrawal to Paypal - as far as I know, to withdraw the amount of money you need to confirm that you are a company, not an individual.
And don't forget about taxes when you receive money as an individual, taxation is different in each country :)
Hope it helps!
@samohovets @vitalii_rybka thank you for the information
@samohovets thanks for the detailed answer. It is definitely helpful and has brought some light to this complicated topic. Cheers
Front Figure
If you want register a C-Corp in Deleware (which is what Y-Combinator suggests), use Clerky (also what Y-Combinator suggests!). If not, you can also use Paddle or Gumroad as payment methods if you are still in the testing phase, like me. Good luck.
Hey Vitalii,
There are easier ways to accept payments without registering an LLC.
1. Buy me a coffee
2. Patreon
3. Paypal
4. and other "smaller" payment solutions.
What kind of product do you use?
@david_t_kim thank you for sharing. Do you happen to have the experience with withdrawing money from Patreon, Paypal?
@vitalii_rybka @david_t_kim There’s this method that I’m curious about, I’ve never tried it, but it’s been on my mind for so long. I was thinking if it would be possible to receive a project payment from your clients by asking them to purchase a prepaid MasterCard in your name. I think this is possible because I once bought a prepaid MasterCard from https://ezzocard.com/ for my mom because we’re not in the same country, and she used it perfectly without any error. So you can give it a try after you’ve analyzed all the pros and cons of course.
@vitalii_rybka Of course! Paypal is sometimes a pain, but it still gets the job done for most.
I use mostly paypal, payoneer, btc wallet and scrill. Mostly my clients send payments on my bitcoin wallet https://bitcoinofficial.org/ or PayPal. These two are most popular payment option nowadays. Especially from clients who work with crypto
@mariopepper thank you for the answer. Could you share your experience (if any) with withdrawing money from third-party services to a bank account?
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