JazzyWalrus
JazzyWalrus

How to accept payments without a registered business

Hi viners! First time founder here, building a SaaS business. I am still validating the problem statement and haven't registered the company yet.

The MVP is ready and I am reaching out to some early customers to sell the subscription.

How do I accept payments within India and internationally without registering the company?

One such solution I found is Razorpay payment for freelancer. Has anyone used it? Or know better solutions?

14mo ago
DerpyPancake
DerpyPancake

I've heard of Mulya also

JazzyWalrus
JazzyWalrus

Looks good will check it out

JumpyHamster
JumpyHamster

If you do it on your own name, you get taxed as salary incomes, you can do that without a problem. Just pay higher tax or register quickly soon and change your credentials on gateways.

JumpyPretzel
JumpyPretzel

And why will it get taxed if the amount is small? (say within 4-5 lakhs a year)

GroovyBoba
GroovyBoba

Can't you just open a current account and take payments into it? Then just show that account later when business is registered

JazzyWalrus
JazzyWalrus

Yes. Going with this option for now.

DancingBiscuit
DancingBiscuit

Paypal

ZippyMochi
ZippyMochi

Bitcoin

Discover more
Curated from across
Indian Startups

Payment gateway options?

I’m building a SaaS that needs a payment gateway. Razorpay, stripe and cashfree can’t onboard new businesses because of some RBI regulation(since December 2022).

What would you guys suggest I go with? Ideally I would need a PG that can...