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devapsarl
5y

URGENT:
How an online supplier charge their clients with huge amount >40k monthly in an automated way ? ?

Context:
i am building a huge b2b international online service that will require clients to pay between 1000 usd to 400'000 usd per month.

The system is build on top of an e-payment api (stripe) that enable the system to work based on regular fully automated credit card authorization and capture system.

Everything works fine in dev mode. But when we will move to production, the amounts are so huge that they exceed the max limit of any-credit card, even the corporate's ones.

So that makes me wonder, how automated services (aws, gcp etc) charge huge invoices for their clients in an automated way without using credit cards...

Please help

question

financial

billing

automation

epayment
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Comments
  • 1
    5y
    I can help you... for a price.
  • 3
    5y
    You can use direct debits. The upper limit of a DD is about a 1M USD as war as I remember. You would be required to submit some extra paper work with your bank in order to be assigned a merchant id etc. This vary based on your location, local laws etc but you will be able to create invoices and direct debit mandates for a variable or fixed amounts and still be able to use Stripe’s API just the payment method will be different
  • 2
    5y
    Probably through bank transfers, with a periodical authorization. In France, it's common to give regular creditors (for your rent for example) a RIB (bank details) to allow them to charge you monthly.
  • 3
    5y
    Generate invoices with trading terms and expect payments via Bank transfers or cheque. (Mostly offline payments)

    Also, you might want to check that stripe is actually PCI compliant for such large amounts.

    Source: I work in the B2B sector.
  • 0
    5y
    Also youll need to be PCI compliant if you store certain payment info
  • 0
    5y
    @theKarlisK we had to be pci compliant even though we dont store or handle payments, we’d only send them to a PSP. It was more a trust issue and for future prospects then anything else.
  • 0
    5y
    @C0D4 stripe can accept other than credit card as incoming funds ?
  • 1
    5y
    @devapsarl as far as it only offers credit card processing.

    You would need to do offline payments and manage those separately or build into your platform an invoicing process which list bank details for the amounts you're talking about.
  • 0
    5y
    But how gcp and aws or azure handle their online service internationally. Their client pay by bank transfer starting from a certain amount ?
  • 0
    5y
    Dont forget, in any case one didn't already mention, to make sure you're PCI compliant. /s

    But seriously, make sure you're PCI compliant.

    Did we mention you should be sure to be PCI compliant?
  • 0
    5y
    It is a swiss based company, using exclusevely google firebase and stripe. We dont even have a server. So i guess it should be
    No ?
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