Selling Software in Countries PayPal Can't Reach - A Cautionary Tale of Crypto and Custom Solutions
The article discusses the challenges of processing payments in regions where traditional payment gateways like PayPal and Stripe are restricted. The author describes their shift to a crypto-based payment system, which allowed them to successfully process payments and expand their customer base. They reflect on the lessons learned and suggest considering hybrid solutions for future payment processing needs.
- ▪The company faced difficulties processing payments in regions with restricted access to popular payment gateways.
- ▪Initially relying on Stripe and PayPal led to numerous declined payments and customer complaints.
- ▪Switching to a crypto-based payment system resulted in over $200,000 processed in six months and a 95% transaction success rate.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3942461) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Lillian Dube Posted on May 21 Selling Software in Countries PayPal Can't Reach - A Cautionary Tale of Crypto and Custom Solutions #webdev #programming #architecture #systems The Problem We Were Actually Solving Our customers were based in regions where popular payment gateways like Stripe and PayPal were either blocked or heavily restricted. We needed a solution that would allow us to process payments from these countries without breaking a sweat.
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