Paddle Acquires ProfitWell for $200m

Paddle Acquires ProfitWell for $200m(paddle.com)

11 points by 256DEV 4 years ago | 2 comments

That's great news and happy for Patrick! Seems like Paddle becoming stronger and go-to place for SaaS companies to offload their global tax headaches.

People using Stripe often forget that it's their responsibility to charge the correct taxes, add different VAT rates in different EU countries, register for VAT MOSS, report on it to local authorities, etc.

256DEV 4 years ago | |

I can confirm the VAT handling works really well and I even have customers thank me for supporting VAT properly. Particularly EU customers that have higher expectations for this compliance. My original reason for starting to use Paddle for my SaaS was actually just because Stripe wasn't available in my country and I'd prefer anything to PayPal/2Checkout, but now after approx. 18 months I don't think I'd switch if Stripe launched here tomorrow.

They've also added an "Invoicing" system now so we can also be as easily VAT compliant for enterprise deals that will only pay by wire.