For my current project, I pay nearly 5-7% on each transaction to Stripe.
For my next project, I'm implementing custom billing and using Stripe just as a payment processor.
i don't use a 3rd party billing solution. I straight up created my own.
If you have a single type of pricing(eg, variable, or tiered) its very easy rolling your own.
The issues happen when you change from variable to tiered(or vice versa), change from anniversary to calendary dates, add coupons, per user custom pricing, credits, etc etc.
I don't recommend building your own if you aren't familiar with Stripe or any other billing system. Once you understand how billing works, feel free to make a custom billing solution.
I don’t run any commerce sites, myself, but is there a big difference in using stripe vs a more traditional processor, like working with CardPointe or something?
I'm the founder of OpenPay (getopenpay.com) and a lot of Stripe customers migrated to us as an alternative. We give you all the functionality that Stripe provides without the "Stripe tax"
Feel free to reach out to us and we'll hook you up
That implies you're only charging a few dollars per transaction (where the $0.30 fixed cost per transaction with sticker pricing is 2-4% of the transaction). That's about $7.
It's great to want to charge only a small amount, but this is easily fixed by billing annually and allowing payments through lower-fee payment methods like ACH.
I was in your shoes when I started my business, charging $5/mo. I increased my prices to $10/mo and enabled annual billing (with a $10 discount) and saw MRR grow, both through added sales and increased retention (fewer payments means fewer opportunities for failed payments). And increased revenue on volume, since I pay less in fees.
I ran into the same issues / frustrations as you when I bootstrapped my previous business to 30M ARR. I hated paying the "Stripe tax" and having vendor lock in with Stripe
Feel free to reach out to us on the website and we'll take care of you with free subscription management for a year
There are industries where billing is a service for very good reasons: Telcos have been buying entire billing packages, paying a mint for them, for decades.
The issue is whether one needs a battleship sized, super flexible, yet expensive billing solution for much smaller problems.
moralestapia|1 year ago
I'm about to work on payments for a new product, would like to try something new!
chucky123|1 year ago
If you have a single type of pricing(eg, variable, or tiered) its very easy rolling your own.
The issues happen when you change from variable to tiered(or vice versa), change from anniversary to calendary dates, add coupons, per user custom pricing, credits, etc etc.
I don't recommend building your own if you aren't familiar with Stripe or any other billing system. Once you understand how billing works, feel free to make a custom billing solution.
internetter|1 year ago
- Chargebacks
- Global tax compliance
- Billing support
- Fraud
- Subscription management
Their API is... worse... and it is expensive... but mathing it out it is like 1% for all that peace of mind. Feels worth it.
j33zusjuice|1 year ago
https://alternativeto.net/software/stripe/
I don’t run any commerce sites, myself, but is there a big difference in using stripe vs a more traditional processor, like working with CardPointe or something?
ankit77|1 year ago
Feel free to reach out to us and we'll hook you up
bastawhiz|1 year ago
It's great to want to charge only a small amount, but this is easily fixed by billing annually and allowing payments through lower-fee payment methods like ACH.
I was in your shoes when I started my business, charging $5/mo. I increased my prices to $10/mo and enabled annual billing (with a $10 discount) and saw MRR grow, both through added sales and increased retention (fewer payments means fewer opportunities for failed payments). And increased revenue on volume, since I pay less in fees.
chucky123|1 year ago
Scroll down Stripe's pricing page, they will charge you for literally everything.
We have annual pricing and that definitely results in lower fees and other stuff. But only a small percentage of our users are on the annual plan.
ankit77|1 year ago
I ran into the same issues / frustrations as you when I bootstrapped my previous business to 30M ARR. I hated paying the "Stripe tax" and having vendor lock in with Stripe
Feel free to reach out to us on the website and we'll take care of you with free subscription management for a year
dboreham|1 year ago
hibikir|1 year ago
The issue is whether one needs a battleship sized, super flexible, yet expensive billing solution for much smaller problems.
thedangler|1 year ago