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Stripe Just Became a Merchant of Record
- Stripe has introduced Managed Payments, where they become the merchant of record for digital products and subscriptions.
- This shift means Stripe handles legalities like tax collection, fraud prevention, disputes, and customer support.
- Managed Payments relieves businesses of the responsibilities associated with being a merchant of record.
- It is designed for SaaS products, digital software, and digital downloads on subscriptions.
- Stripe simplifies tax compliance, deals with chargebacks, and manages customer support for businesses.
- The integration currently supports Stripe Checkout and subscription-based digital products in specific countries.
- For more flexibility or specific needs, businesses may consider alternative solutions like Lemon Squeezy or Stripe Connect.
- Managed Payments is recommended for businesses struggling with tax rules, support responses, chargebacks, and legal compliance.
- Early-stage SaaS founders and small teams can benefit from Managed Payments by focusing on product development instead of administrative tasks.
- Interested businesses can sign up for early access to explore Managed Payments and its potential benefits.
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