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That is your payments and your payment infrastructure that makes sure that it is a seamless experience for you, as well as your customers.\"})});export const richText1=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"So you're thinking of incorporating and you've heard that Wyoming is an interesting place. Well you're right. Delaware historically was the most preferred state for incorporation but Wyoming has become very popular over the past few years. It has no income tax, low taxes as well as a simple incorporation process. However  you have a lot of challenges as an Indian to set up environment. First of all setting up an entity in Wyoming  through an agent is not legal as per RBI. You need RBI approval for each transaction for an entity incorporated outside India. Secondly of course you need to pay yourself through a wholly owned subsidiary which has its own challenges of transfer pricing etc. Thirdly while the upfront incorporation is simple, they have a lot of complications and additional costs and expenses because you're hiring US resources. So I keep telling people don't worry about setting up an entity just work with a merchant of record like Dodo Payments.\"})});export const richText2=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"So you are an indie hacker and you're launching a product. Now concern is how do I get my first set of customers. Well there are three ways to think about it and stay till the end of the video because I'll tell my secret tip as a third tip. Firstly go talk to your potential customers. Go find them where they are they might be on WhatsApp or LinkedIn they might be in person you might if you're selling something in shopping, talk to them and get feedback from them. If they were willing to purchase or not. Second is go launch on Product Hunt. So Product Hunt is a place where you get instant um traffic, people are able to see your product and there are countless creators and indie hackers who have got a major boost from Product Hunt Thirdly which is my secret tip is when you are thinking about launching your product as an indie hacker always keep a wait list. Get people to sign up on a wait list and only open up payments or a paid version once you have over 100 people on your wait list.\"})});export const richText3=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"You know, you could be potentially racking up fines in thousands of dollars for ignoring tax on international revenue. Sales Tax, GST, VAT is a consumption based tax and you need to charge it as per your customer's jurisdiction. So if you are based in India, you conveniently go to the GST Council. And tell them, no GST applicable because the income was generated outside of India. But you need to collect and remix sales tax as per your customer's jurisdiction from where the income was originated. Now I understand creating Tax IDs, Filings and working with multiple CAs can be extremely challenging and expensive, but the cost of non compliance is even higher. So if you want to abstract this problem simply onboard with a Merchant of Record like Dodo Payments.\"})});export const richText4=/*#__PURE__*/t(o.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Founders, you're paying almost 10% to your payment gateway. Here's how. \"}),/*#__PURE__*/e(\"p\",{children:\"So payment gateways are 3% for processing a transaction. But it doesn't stop there. They also charge 0.4% for invoicing 0.7% for billing, and 0.5% for tax collection. To this you have additional surcharge of 2.5% to 4% for any international transaction.\"}),/*#__PURE__*/e(\"p\",{children:\"Moreover, you also need accounting fraud analytics. And secondly, you're paying close to 10% to your payment gateway.\"}),/*#__PURE__*/e(\"p\",{children:\"To avoid such fees, check out a merchant of record like Dodo Payments.\"})]});export const richText5=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"What if I said you could pay for Notion, Airtable, Figma through UPI? Well, today these companies are based in the US and use a payment gateway like stripe or checkout. Com. These payment gateways are licensed in the US and do not have access to UPI, which is an Indian payment method, which is why you are forced to pay in US dollars, which is inconvenient and expensive. But if these SaaS schools on boarding go to payments, they could offer a localized payment experience to you where you could pay via UPI in INR.\"})});export const richText6=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"Ever wonder why your internationaI transactions keep failing? Well, there are multiple reasons for this. First of all, transactions from new geographies often get blocked for security and fraud reasons. Secondly, every country and jurisdiction has its own security requirement. For example, India requires OTP for each transaction. Thirdly, international card transactions take time. And some of these transactions simply time out. So if you want a seamless payment experience, go ask the merchant to offer local payments. Ideally through a solution like Dodo Payments.\"})});export const richText7=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"Are you an Indian and thinking of setting up a US entity through Stripe Atlas? Stop Right Now! If you set up an US entity through an online service like Atlas, Doola or Clerky. It is a clear violation of the India FEMA laws. In fact, Stripe recently updated its FAQ to inform that Stripe Atlas is not designed for Indians. In fact, even paying the amount $500 or more through a credit card is in violation of FEMA because the transaction did not go through and approved AD bank. So if you have US customers and want to optimize payments for them, instead look at a merchant of record like Dodo payments.\"})});export const richText8=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"At Dodo Payments. We support a wide range of businesses in the digital product space. We offer one time transactions as well as recurring subscriptions. We have an approved/prohibited policy list that you can go through. We do support most digital products, but some are not supported, such as gaming, gambling, NSFW, 1 to 1 coaching, consulting, freelancing, etc..\"})});export const richText9=/*#__PURE__*/t(o.Fragment,{children:[/*#__PURE__*/e(\"p\",{children:\"Oh I agree. Young entrepreneurs should focus on building the product, finding the first hundred customers who love the product, and then scaling that they should not worry about sales tax compliance. But the harsh reality is, you can't get away with that. Countries and the regulatory is extremely strict, but a lot of new regulations have come up. \"}),/*#__PURE__*/e(\"p\",{children:\"For example, in EU, earlier in Jan 2024, it now required all pay, fax or payment gateways to share. data on a merchant level if they have collected sales tax or not, and they are now starting to impose a lot of fines. That is why you should work with the merchant of record. Absolutely agree. Don't worry about sales tax compliance.\"})]});export const richText10=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"For me, I think the biggest challenge that any founder typically faces is finding the right co-founder. I've been exploring the space since September. Only in Jan did I meet with Ayush, my co-founder who leads product and tech. at Dodo Payments. Took us, like, a month to build comfort with each other on the problem segment on a working style. Once we had that sort, everything is was a cakewalk compared to finding the right person to work with.\"})});export const richText11=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"Very frequently asked question honestly in all these product demos. So merchant of record is an  old terminology earlier it was called importer of record. Like hypothetically, take the example of you are an Indian merchant and you have customers in US. You ideally want a US customer to pay through a local pay or payment gateway. So, what a merchant of record does is we have an entity in the US, and as an MOR, we officially resell your products. So the transaction with the of the customer, it's only between your customer and our entity in that jurisdiction. So you are able to effortlessly, collect international and global revenue. \"})});export const richText12=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"I've, actually spent like, ten years in cross border fintech. worked in different industries, domains within the space, across different cultures, markets and countries and what I saw was that a lot of people had solved for peer to peer transaction or B2B transaction, but B2C transactions, payment gateway transaction is still broken. For example, I'm sitting in India and I still can't pay for a ChatGPT subscription via UPI in INR and we all know how painful those transactions, could be I wanted to build Dodo Payments. So that every customer has a optimal payment experience.\"})});export const richText13=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"To get started with Dodo Payments, you'll need to create and verify your account. This simple process requires basic business information and takes just a few minutes to complete. Once verified, you can begin accepting payments and managing transactions through your secure Dodo Payments dashboard.\"})});export const richText14=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"Secure your digital products with the License Keys!   With Dodo Payments' License Keys feature you can generate, manage, and track unique license keys to ensure only authorized users access your products.   Perfect for SaaS businesses and digital vendors, this feature offers advanced tracking and revocation capabilities, giving you full control and enhanced security.\"})});export const richText15=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"At Dodo Payments, we\u2019ve reimagined the checkout experience to be seamless, intuitive, and growth-driven. With support for local payment methods, a sleek UI/UX designed for speed, and streamlined checkouts that boost conversions, our platform removes friction and empowers businesses to thrive. Watch the video to see how we\u2019re transforming payments into a growth enabler!\"})});export const richText16=/*#__PURE__*/e(o.Fragment,{children:/*#__PURE__*/e(\"p\",{children:\"The Account Summary offers a detailed breakdown of all financial transactions, including payments, refunds, payouts, transaction fees and taxes. 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