Sign up to save your podcasts
Or
Share This would kill our company immediately
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
This would kill our company immediately
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
Links:
- Matt Levin's excellent summary of the Silicon Valley Bank run
- Ian Landsman: "This is why I don't use startup-friendly banks (Mercury, etc)"
- Section 174: join ssballiance.org
- Revin has shut down its Merchant of Record service
- Flurly (another Merchant of Record) was shut down by Stripe
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
🎙️ Podcast hosting is provided by Transistor.fm.
📺 Learn how to start your own podcast!
★ Support this podcast on Patreon ★
View all episodes
By Transistor.fm
4.7
7979 ratings
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
Links:
- Matt Levin's excellent summary of the Silicon Valley Bank run
- Ian Landsman: "This is why I don't use startup-friendly banks (Mercury, etc)"
- Section 174: join ssballiance.org
- Revin has shut down its Merchant of Record service
- Flurly (another Merchant of Record) was shut down by Stripe
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
🎙️ Podcast hosting is provided by Transistor.fm.
📺 Learn how to start your own podcast!
★ Support this podcast on Patreon ★
More shows like Build Your SaaS
View all
The Changelog: Software Development, Open Source
285 Listeners
Startups For the Rest of Us
694 Listeners
Bootstrapped Web
58 Listeners
The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship
180 Listeners
Laravel News Podcast
53 Listeners
The Official SaaStr Podcast: SaaS | Founders | Investors
173 Listeners
Y Combinator Startup Podcast
209 Listeners
Syntax - Tasty Web Development Treats
985 Listeners
REWORK
212 Listeners
My First Million
2,605 Listeners
The Bootstrapped Founder
32 Listeners
All-In with Chamath, Jason, Sacks & Friedberg
8,649 Listeners
The Startup Ideas Podcast
180 Listeners
Mostly Technical
15 Listeners
Moneywise
634 Listeners