When is Stripe coming to India? An estimate would be really nice! The only way Indian startups can get to use Stripe right now is by setting up an LLC/LLP in US/UK and accepting payments through the LLC.
The problems with this approach are:
1) High initial cost of setting up the LLC.
2) Lawyer consulting fees and/or CPA fees.
3) Separate taxes for the LLC.
4) The same income is taxed in the country of the LLC AND India.
India is one country that needs Stripe very badly right now. The payment gateways here have the shittiest/unreliable APIs you could imagine of. One of them (CCAvenue) even got hacked and it was found that passwords were being stored in plaintext. (!)
However, the transaction volume is pretty much as high as any other country. Would love to get an idea of when Stripe would become available here..
The problems with this approach are:
1) High initial cost of setting up the LLC.
2) Lawyer consulting fees and/or CPA fees.
3) Separate taxes for the LLC.
4) The same income is taxed in the country of the LLC AND India.
India is one country that needs Stripe very badly right now. The payment gateways here have the shittiest/unreliable APIs you could imagine of. One of them (CCAvenue) even got hacked and it was found that passwords were being stored in plaintext. (!)
However, the transaction volume is pretty much as high as any other country. Would love to get an idea of when Stripe would become available here..