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MenuFor a SaaS, I find that Stripe is not available to Indian companies. What are other Stripe-like payment gateway options for Indian companies?
Stripe is affordable since they charge you only on transactions (minimum plus percentage). However because it is not available in India, what are the alternatives that have Stripe-like transactions model? The product is for global market, and we need CC processing options similar to what Stripe provides.
Answers
there is Balanced, Dwolla, Braintree but none of them seem to work in India yet.
There are many payment gateway options available in India. Each one has differentiated offering. You will have to study the options in detail. Do negotiate on pricing, it's quite volatile.
Times have changed greatly in India, after global major PayPal, Stripe has officially entered the digital payments market of India with a beta version being launched and tested with a small group of companies. Anand Balaji, the India lead of Stripe said that the company is kicking off the beta version for small businesses in India enabling them to accept digital payments. Stripe enables small merchants to sell their products online and accept card payments. They allow transactions in more than 135 currencies, accepts all major card schemes like Visa, Mastercard, Discover and American Express. Further they allow payments in Bitcoins, Alipay and WeChat, according to the descriptions on their website. Justifying the company’s move into India which already has a crowded digital payments ecosystem, Balaji said that with 500 million users connected to the internet and having seen the initiation of twice the number of businesses compared to the US, India is uniquely poised to take business online. Justifying the company’s move into India which already has a crowded digital payments ecosystem, Balaji said that with 500 million users connected to the internet and having seen the initiation of twice the number of businesses compared to the US, India is uniquely poised to take business online. By launching a local platform, Stripe will allow Indian merchants to accept payments in Indian currency, connect to their local bank accounts and build products specifically for Indian merchants.
Try again. maybe this time Stripe will not disappoint you anymore.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Joy, check out my discussion with Anand of Stripe, here: https://twitter.com/vingar/status/1306525279733592064
We exchanged a few emails too and Stripe is not good enough for many use cases for businesses in India. Set up a call with me if you want to know more.
The best one around is PayPal. They have a good rounded integration with leading platforms that makes them great!
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I started a large SaaS Company for B2B where perfection in code is as importante as it gets. So here is my advice, DON'T CODE until you know what the Saas Really is. First start understanding what the problem REALLY is. Interview people and actually spend 100% of your time doing Customer Discovery. (This sounds easy but it is a skill you'll have to develop far more important than coding). Once you understand what the problem is, come up with a value proposition. Still no code. Then make a sell. If you can actually find things already existing that you can Hack and put it together then use that. Then make another sell. If you can sell it to at least 50 people if you are B2C, or if you are B2B you should have at least 1 customer. Once you do that then start automating some parts of the solution that you have hacked and so on. But THE most important thing is to be in constant conversations with your customers and hot leads. Remember you are a customer making machine not a coding machine, the first one is where the money is. Hope this helped you, if you want to talk more about customer discovery and customer development, just give me a call.Josefina CaneteJC
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Freemium v.s. free trial for a marketplace?
It depends on a number of factors but I'd boil it down to two key things to start: 1) What is your real cost to provide a free plan or trial? 2) Who exactly is your customer and what are they used to paying and who and how do they pay today? When you say "online workforce marketplace" it sounds as though you're placing virtual workers. If that's the case, or if you're paying for the supply side of the marketplace, the question is how much can you subsidize demand? Depending on where you're at in the process, I'd also question how much you can learn about the viability of your marketplace by offering a free version, assuming again, that free is actually a real cost to you. I was part of a SaaS project that started charging people for early access based mostly on just a good landing page (we clearly stated they were pre-paying) and were amazed at the response. I've also run a SaaS product that offered free trials and realized that the support costs and hand-holding and selling required to convert from free trial to paid wasn't worth it, this despite the product's significant average ARR. You might be better off providing a "more information" sign-up form (to capture more leads) and let them ask for a free trial while only showing your paid options. I've been amazed at the lead capture potential from a simple "have questions? Click here and we'll contact you" This is all the generalized advice I can offer based on the limited information I have, but happy to dive-in further if you'd like on a call.Tom WilliamsTW
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