What are the best alternatives to Stripe for global products?
At present we are using Stripe, but we are running into issues with it due to chargebacks. We are working around it.
In the meantime, was wondering if there are other better alternatives to Stripe out there? Any help will be useful.
I had originally posted this question, though I will respond with the progress here.
After many conversations with Stripe, it seems that the issue was not chargebacks. It seems that there was a misunderstanding regarding the nature of the business. They did not mention exactly what this concerns was.
Anyway, after review it seems that my business was okayed to operate. They said it should be good. The only issue was that they refunded most of the Stripe payment I had collected this month. Will have to redo them now.
Hope my experience was helpful for others out there.
Maybe you don't need another payment processor but to look at your sign-up process? Chargebacks come when someone tells their bank they don't recognise a payment. Is it really clear to your customers what they are signing up for and that it's a recurring payment?
You can also change your statement descriptor on Stripe to make sure it's really clear the payment comes from you.
Thank you. This makes a lot of sense. I appreciate your time.
Back in like 2015 my team had way better luck with Braintree than with Stripe for international payments, but I'm not sure how much has changed since then.
Thank you for your response
Try merchant of record option, since you have global products
➡️Merchant of Record(Paddle, FastSpring)
✔️They are resellers selling your services to customers
✔️Handle everything, including invoicing, taxes, honouring refunds, chargeback, payment compliance etc
✔️Easy to handle the payment for selling globally
✔️Expensive compared to Stripe
Hi @GrwthPartner, do you have suggestions for any other Merchant of record? I reached out to these 2, but think I might be a little early for them.
Do you know of any other good ones?
You can try Chargebee (Subscription management platform) + Stripe
Thank you for your help, really appreciate it. Have made appointment with these both.
Can I ask, do you have suggestion for any other providers? Have you used them?
What's your goal with the payment processing?
Our minimum requirements are pretty simple: