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
8181 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
Freakonomics Radio
32,239 Listeners
The Joe Rogan Experience
229,722 Listeners
Startups For the Rest of Us
701 Listeners
Shopify Masters
379 Listeners
Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!
192 Listeners
Y Combinator Startup Podcast
233 Listeners
Syntax - Tasty Web Development Treats
986 Listeners
REWORK
212 Listeners
My First Million
2,656 Listeners
The Prof G Pod with Scott Galloway
5,608 Listeners
Hard Fork
5,593 Listeners
The Startup Ideas Podcast
212 Listeners
The AI Daily Brief: Artificial Intelligence News and Analysis
685 Listeners
Mostly Technical
27 Listeners
Prof G Markets
1,473 Listeners