@internetartsy@buildwithboo The internet has made it easier to build it by providing leverage
What's hard to find is consistency, direction, and actually making use of that leverage 🙂
A lot of people building micro SaaS products have been posting screenshots of their payment dashboards.
That's when I first came across @dodopayments.
There are already well known platforms like Razorpay, Stripe, and several others.
So, a question came to mind:
Why do people use Dodo Payments when so many payment processing platforms are already available?
Yesterday, I was researching Dodo Payments and how it differs from other payment processors.
That's when I came across the concept of Merchant of Record (MoR).
What an MoR does is fundamentally different.
Payment processing is just one part of it.
Micro SaaS founders and organisations looking to expand across borders primarily want to focus on growing revenue and improving their products.
But expanding internationally comes with its own set of challenges:
- Regulatory compliance
- Sales tax management
- Fraud management
- Reporting and reconciliation
- And much more.
Smaller companies and individual founders often have limited time and resources to manage all these operations while focusing on their core product.
That's where an MoR comes in.
An MoR acts as the legal seller of the product or service.
It takes responsibility for the transaction, including payment processing, tax collection and remittance, and other compliance related responsibilities.
Payment processing is only a small part of what an MoR actually does.
For founders looking to sell globally,
How are you handling payments, taxes and compliance?
@i_mika_el@dodopayments New to all this, but the MoR tax handling is what stood out to me. Curious about when higher fees start to sting compared to Stripe.
Looks like Bengaluru wants me to say "traffic" if someone asks me what's famous about the city 😂
I was driving back to Coimbatore for the Diwali holidays yesterday. Even a kid would know that the city would be experiencing peak traffic in the evening.
Why would the authorities choose this particular time to demonstrate their sincerity through maintenance work?
They weren't fixing potholes. Instead, they were painting road dividers and cleaning the roads, blocking traffic near the Electronic City flyover.
@saloniiio A lot of layoffs are happening due to AI
Access to intelligence is also opening a lot of opportunities at a rate history has never seen before
Wrote a simple email automation script with Apps script on Google sheets for outreach
- Outreach tripled
- Reply rates doubled
- Followups made easy
Lets close some dealssss!!!