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This would kill our company immediately

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Manage episode 358529914 series 2121450
Content provided by Transistor.fm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Transistor.fm or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Jon's back from his first real vacation in years. In this episode, we discuss how we've been removing inactive accounts on Transistor, SVB, Section 174, Revin is shutting down their Merchant of Record service, SaaS sales tax compliance:

  • (00:37) - Jon in vacation mode
  • (02:35) - Kicking off inactive accounts
  • (04:35) - Silicon Valley Bank
  • (06:11) - What is Mercury bank?
  • (13:21) - Section 174 in the USA
  • (19:23) - Sales tax compliance update
  • (26:14) - What could we do?
  • (32:31) - Patreon integration update
  • (35:15) - MyPodStudios
  • (36:52) - Patreon Thanks

Links:

From the Revin email:

“The most relevant reason [we are closing] is that the Merchant of Record model is too risky for both sellers and the MOR operator. Sellers bear the risk of platform shutdown (as seen in the example of Flurly & Stripe), and the MOR operator could potentially become involved in illicit or illegal activities quickly, which could lead to all sorts of problems.

Furthermore, it became increasingly clear that the Merchant of Record model primarily appeals to small-scale sellers or businesses with questionable and high-risk business models. This presents a significant challenge as we strive to move up the market.

The recent change in Stripe's risk behavior has caused us to experience issues with keeping Stripe accounts live.”

Thanks to our monthly supporters
  • Pascal from sharpen.page
  • Rewardful.com
  • Greg Park
  • Mitchell Davis from RecruitKit.com.au
  • Marcel Fahle, wearebold.af
  • Bill Condo (@mavrck)
  • Ward from MemberSpace.com
  • Evandro Sasse
  • Austin Loveless
  • Michael Sitver
  • Dan Buda
  • Colin Gray
  • Dave Giunta

🎙️ Podcast hosting is provided by Transistor.fm.
📺 Learn
how to start your own podcast!

★ Support this podcast on Patreon ★
  continue reading

159 episodes

Artwork

This would kill our company immediately

Build Your SaaS

639 subscribers

published

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Manage episode 358529914 series 2121450
Content provided by Transistor.fm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Transistor.fm or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Jon's back from his first real vacation in years. In this episode, we discuss how we've been removing inactive accounts on Transistor, SVB, Section 174, Revin is shutting down their Merchant of Record service, SaaS sales tax compliance:

  • (00:37) - Jon in vacation mode
  • (02:35) - Kicking off inactive accounts
  • (04:35) - Silicon Valley Bank
  • (06:11) - What is Mercury bank?
  • (13:21) - Section 174 in the USA
  • (19:23) - Sales tax compliance update
  • (26:14) - What could we do?
  • (32:31) - Patreon integration update
  • (35:15) - MyPodStudios
  • (36:52) - Patreon Thanks

Links:

From the Revin email:

“The most relevant reason [we are closing] is that the Merchant of Record model is too risky for both sellers and the MOR operator. Sellers bear the risk of platform shutdown (as seen in the example of Flurly & Stripe), and the MOR operator could potentially become involved in illicit or illegal activities quickly, which could lead to all sorts of problems.

Furthermore, it became increasingly clear that the Merchant of Record model primarily appeals to small-scale sellers or businesses with questionable and high-risk business models. This presents a significant challenge as we strive to move up the market.

The recent change in Stripe's risk behavior has caused us to experience issues with keeping Stripe accounts live.”

Thanks to our monthly supporters
  • Pascal from sharpen.page
  • Rewardful.com
  • Greg Park
  • Mitchell Davis from RecruitKit.com.au
  • Marcel Fahle, wearebold.af
  • Bill Condo (@mavrck)
  • Ward from MemberSpace.com
  • Evandro Sasse
  • Austin Loveless
  • Michael Sitver
  • Dan Buda
  • Colin Gray
  • Dave Giunta

🎙️ Podcast hosting is provided by Transistor.fm.
📺 Learn
how to start your own podcast!

★ Support this podcast on Patreon ★
  continue reading

159 episodes

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