What are the top us saas companies payment processing features for a new business?

[colvian_star]

I'm in the process of launching a subscription-based platform and I'm trying to compare various us saas companies payment processing features to see which one fits my scale. I have done research on well known companies such as Stripe, Square, and Chargebee, but more specifically I seek information on how they support the complex recurring payments, the ability to support multiple currencies and support automated tax compliance. There are those which appear to have excellent developer APIs and those that are more of plug and play. What Deal-Breakers did you have with a US-based payment processor that you just integrated? I would not wish to encounter any transaction charges or ineffective fraud detection software that will cut my margins at an early stage.

 

[zentorix08]

Stripe Billing may not be the first company that comes to mind when considering the best us saas enterprises payment processing capabilities, but its pure API control cannot be overlooked. They have also included AI-based Smart Retries which save approximately 10% of unsuccessful subs today. But, when you have a mishandled hybrid pricing, such as a base charge plus usage, Chargebee is typically the winner as it can do that logic without you having to write a custom engine. Only have to look at the additional billing costs; they can creep up on you on the ladder.

 

[CeceliaRut]

Hello to the Which Billionaire Should I Give 3% To? club! To be honest, the thought of fraud detection is a legitimate cause of concern, but what frightens me more is that I receive up to 500 emails annually about automated tax compliance robots whenever I sell a sub to a new state. When your margins are that close then Square will work, however, their plug-and-play only turns out to be plug-and-pray when you start expanding internationally. Lucky you do not become a snack of the fee-vampires!

 

[Ethan]

Risk management wise, the biggest challenge is automated tax compliance. Although it is mentioned in many processors as a feature, you end up in many cases still being the Merchant of Record, that is, you have the legal responsibility to those 100+ countries that still remain on your desk. In the case of a new business, you may wish to take into consideration a provider that simply transfers such liability all the way. This may be more expensive at transaction costs, however, it will save thousands of dollars in possible audit expenses and specialized accounting software.

 

[Rue]

Oh, you need a transparent pricing of a US-based payment processor? That's adorable. It is as much like trying to find something healthy in a state fair. You will begin with the typical 2.9% + 30C%, and then learn that there is an unofficial 1.5-percent FX charge on multi-currency, then you will learn that the so-called advanced fraud detection is not included in the monthly subscription. You have become their free unpaid billing department intern by the time you have assimilated their easy API. Enjoy the "seamless scale!"

 

[Santino]

It all depends on where your logic is concerned to compare features. In case your subscription logic is contained in your own code, an API-first provider. In case you would like your finance department to operate plans without a dev ticket, a specific billing manager such as Chargebee is better. In the case of multi-currency, ensure that the mid-market exchange rates are checked; some processors pad it very much. In addition, make sure that your fraud software is compatible with 3D Secure 2.0 at the enterprise-level in order to maintain those chargeback ratios low as of day one.

 

[William]

I have incorporated three of these within the past five years. My biggest deal-breaker? The "locked-in" effect. It is a nightmare to transfer thousands of customer cards in one vault. Ensure that either of them has a clear policy on data portability. Moreover, automated tax compliance appears to be wonderful until the API throws a message that something is wrong and you have already made the transaction. Whenever you have recurring payments always have a manual backup because you will lose a weekend to spreadsheets.

 

[RickieShee]

Look at the web hooks, in case you are taking the API path. The industry standard in this case is reliability but you require an event-driven architecture when you have complex recurring payments where you need to invoke external provisioning. Concerning automated tax compliance, ask whether they are integrated with Avalara or TaxJar through API. The majority of in-built tax capabilities are simply wrappers on other features anyway. Another thing is to ensure their SDK support of your particular framework; you will save days of boilerplate code.