I am building MySocial, a one-page bio website maker. So far users can sign up for a free account. But next up is adding a payment processor.

I want to offer more premium features to this app, so I can make money from this. But for this I will need to use a payment system.

I have a few options for now:

PayPal
Stripe
Paddle

Stripe is the easiest of them to setup, but unfortunately, I live in Bangladesh where this service is not available. If I want to use Stripe, I have to register a business in the USA or UK, get a business bank account, a business phone number just so I can apply for it.

For all this, I set aside 25-30 thousand Bangladeshi takas, and I was shopping for companies who can setup an offshore business for me.

But then I thought, even with a UK business, there is no guarantee that Stripe will approve my app. And even if I get approved to setup Stripe, there is no guarantee that MySocial, my first SaaS will make money.

Fortunately, there is Paddle and they allow sole-proprietorship businesses from Bangladesh. Paddle will process debit/credit card payments, PayPal payments, Google Pay, Apple Pay for a fixed fee of 5% + 50c per transaction.

I have already configured Paddle payments in MySocial, check it out!