Hey everyone, I’m in a bit of a pickle with my new subscription-based business in Brazil. The payment options here are limited and pricey. I need a way to handle monthly billing and one-off charges without breaking the bank.
I’m thinking about using those small card machines like restaurants do. But that means I’d have to keep customer card info on file. Not ideal, but it might be my only choice.
What do you think? Is this a smart move or am I asking for trouble? If I do end up storing card details, what should I watch out for?
I’d love to hear your thoughts on:
Other options I might have missed
Pros and cons of my current plan
Best practices for handling sensitive payment info
Having dealt with payment processing in Brazil before, I can attest it’s a challenging landscape. Have you explored PagSeguro or PayPal Brasil? They offer solutions for recurring billing and one-time charges, often with competitive rates for small businesses. These platforms handle PCI compliance, eliminating the need to store sensitive card data yourself.
Alternatively, consider offering bank transfer options through PIX. It’s gained significant traction and could be a cost-effective solution for your subscription model. Whatever route you choose, prioritize compliance with local regulations. The Central Bank of Brazil has strict guidelines on payment processing.
Remember, the cheapest option isn’t always the best long-term. Factor in scalability and customer trust when making your decision. Good luck with your venture.
yo max, storing card info sounds risky af. have u checked out mercado pago? they handle recurring payments n stuff. might be cheaper than those card machines. also, look into PiX - its big in brazil now. way easier to manage than dealing with sensitive card data urself. good luck with ur business, bro!
Hey Max_31Surf! Wow, that’s quite a situation you’re in. I’m really curious about the payment landscape in Brazil. Have you looked into any local payment gateways or fintech solutions? They might have options tailored for businesses like yours.
Storing card info yourself sounds pretty risky, to be honest. What about using a third-party tokenization service? That way, you don’t have to deal with the actual card data.
I’m wondering, have you considered alternative payment methods popular in Brazil? Like boleto bancário or PIX? They might be easier to manage for recurring payments.
What kind of volume are you expecting for your subscription service? That could impact which solutions work best for you.
It’d be great to hear more about your business model. Maybe there’s a creative solution we haven’t thought of yet!