Ask HN: How do you accept payments on your App outside the U.S.
Hello HN, I want to monitize my web app. It's a website uptime, SSL and domain monitoring service sitemonki.com. It's been running for almost 2 years now on a free tier with a couple of hundred users. But I now wish to add premium package. However, being from Uganda, I am finding it challenging to accept payments on the App. I thought of Stripe or Paypal, but my country is not supported. Any suggestions, thanks.
Interesting challenge. This is not my area of expertise, but maybe something like this can work for you:
Remotely setup a company in US/Europe.
Setup a Stripe account with the company.
Send money back via transferwise - it says it supports Uganda.
Obviously, this comes with costs. Maybe others have better suggestions.
Incporate in an EU country. Many do not require a presence, but you will pay corporate taxes on profits there, Estonia is at about 10%.
Thanks. Kindly share on documentation if you have any on how to setup a company in Estonia.
There are some services that can assist you with that. See: https://www.xolo.io
* I am not affiliated and have never used their services. Just found them some time while researching about Estonia's e-residency.
Cool, thanks