Any European solopreneur using Stripe directly?

Question

Hi all,

I am really curious, but if I would use Stripe as a solopreneur I would basically have to move over all my invoices to my accounting software and deal with tax on them, no?

This is the reason I am always thinking about merchant of records (even if partial, at least handling EU). Otherwise it just looks like a lot of accounting work for me.

But I wonder, if you are like me and actually use Stripe, how do you deal with it? Am I overthinking it?

Greg Raileanu · Accepted Answer

I would not worry about it until you get like 1mln in yearly revenue

Tobias Hikari · Answer

I do so - depends a bit on your customer base and where they are from + how much revenue you are making

Lennard Dorst · Answer

I use Zoho Books x Stripe.

Marc Köhlbrugge · Answer

I used to when I still ran a business in Europe.

For EU customers buying high-priced products (e.g. sponsorships) I'd make sure to get their VAT ID so there's no tax.

For EU customers of lower priced products (like $20/mo subscriptions, etc), I would just pay the VAT myself. That way I could charge everyone exactly the same amount. For example, for a German customer where I'd need to charge 19% VAT, I would make $16.20 the base amount and $3.80 as tax.

Of course some customers would see it and say "hey I'm a business, I shouldn't have to pay tax!" in which case I would need to explain that I'd happily create a new invoice for them without any tax, but they'd be charged a $20 base amount. 😄

TLDR it's a mess, even if you try to simplify and eat the VAT yourself.

Ben Katz · Answer

I wrote a post about this recently which you might find useful: https://ben-makes-stuff.beehiiv.com/p/how-and-why-you-should-move-from-lemon-squeezy-to-stripe

Michael Andreuzza · Answer

I keep seeing this answer, can you please elaborate why?

I am using akso Stripe directly but I don't get it because I do have to pay taxes on my country

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Any European solopreneur using Stripe directly?

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