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How to accept payment? (alien.top)

submitted 1 year ago by lmux@alien.top to c/main@selfhosted.forum

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My company is currently using stripe as payment processor. As a side project, I want to explore the possibility of creating my own payment processor at home (i.e. become my own stripe). Does anyone know what's involved?

I can probably develop a stripe clone by myself. But I want to focus on the legal/financial aspects.

Pls don't tell me to accept bitcoin. Already got that rolling.

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[–] SolFlorus@alien.top 3 points 1 year ago

“Payments Systems in the U.S.“ is a book that is a decent introduction into everything involved.

Is this something you even have the power to do at your company? Often times larger companies will negotiate special contracts with stripe. If you do have the power, there are alternatives to Stripe with lower fees, but they aren’t as nice as stripe to work with.