Once your startup is live and has a developed product, you want to jump into the beautiful world of real money, isn’t it? But then there are chances that you are puzzled with lots of questions like “How can I sell my product from Bangladesh?” or “How can I bring my money back here?”
When we decided that we want to go live with MiproApps subscription plan, there was one more thing that troubled us a lot. We wanted to sell a special type of product, subscription based with automated monthly or yearly recurring charges. So we started looking for one easier solution. Its not like that we were not willing to pay for it, but the problem was that we don’t have paypal available in Bangladesh and you know that it’s a real pain in the ass to use international credit card here.
So, we’ve found “merchant account providers”. These merchant account providers help you to charge your client as well as work like a virtual bank account. You don’t need to setup anything to start with them. Some of them charge a one-time fee (like 2Checkout) but most of them charge a percentage from your sales. After searching for couple of weeks, we found the following merchant account providers who looked reliable. Now I know there are other providers as well, but I am just telling our story here, as we experienced it.
We tried to go with Avangate. They have nice UI, pro looking support, but unfortunately it didn’t work really good for us because of their hard-to-understand documents, specially for subscription based charging. And one more thing that’s not so cool was their charging at comparatively higher rate per sale. FastSpring has a very nice support with UI as well, and very good documentation. But they didn’t have subscription based charging model that time (They have one now, called Saasy). We bought one account in 2checkout and almost implemented our charging module based on that, but then, surprisingly we’ve found Plimus.
Plimus was extremely easy to setup, with a lower charging rate per sale and with user friendly control panel that worked really well for us. It was a charm from setting up first product to setup coupon code and volume based discount. And guess what, we were able to charge our customers, no matter if he was paying using Paypal or CC or Wire-transfer. Plimus managed everything and we had almost nothing to worry about. It is such a great experience using Plimus and we are still using their service.
Last one, how will you bring your money that you’ve earned by selling your products? Plimus supports wire-transfer or payoneer debit card which was just easy to set up. It takes a few days to get your payoneer card if you apply from plimus and after every month, they will send money to either your bank account or to this payoneer debit card. In case you are using payoneer card, you can withdraw money from any local ATMs with almost no hassle at all.
That’s mainly it for today, will come back with more very soon.