Payment Processing for Indian Merchants
After we created our SAAS product for Google AdWords, It was time for us to integrate with a payment processor. Our Initial shortlist included stripe and braintree but very soon we realized that Indian merchants are not supported by either of them. After some research, We finalized on 2checkout & Avangate. If you are a company in India trying to sell to the world, i heavily recommend 2checkout.
Process for Approval
- Modify the WordPress TOS which is opensourced
- Hire a lawyer and create both these documents
- Buy both documents online
The Expensive Legal Documents
WordPress TOS was too complicated for us and pretty soon we realized that we are wasting time by editing their document. if there is one thing more dear to startups than money, it is time. We dropped the ambitious plan to create the legal documents by ourselves and decided to get professional help.
it turns out that legal fees are way too high even in India. I was quoted 50000 INR or 1000 Dollars for preparing both these documents. Definitely a big NO
Open Sourcing our Legal Documents