Best Merchant of Record for Indian SaaS

Best options at a glance

1. #1

   Dodo Payments

   Choose Dodo Payments for Indian SaaS or AI products needing global payments, Merchant of Record services, subscription billing, or usage-based billing.

2. #2

   Creem

   Choose Creem for SaaS, AI software, and digital products that need Merchant of Record services, recurring billing, usage billing, or revenue splits.

3. #3

   Paddle

   Choose Paddle for international software sales with tax compliance, subscription billing, and payment recovery features.

4. #4

   Lemon Squeezy

   Choose Lemon Squeezy for global SaaS subscriptions, digital product sales, software licensing, and customer subscription management.

5. #5

   Kelviq

   Choose Kelviq for SaaS or AI products requiring real-time usage metering, credits, overages, entitlements, or hybrid billing.

Compare the best options

Compare the best options

Feature	Dodo Payments	Creem	Paddle	Lemon Squeezy	Kelviq
Starting Fee	4% + $0.40 per transaction	Standout: 3.9% + $0.40 per successful transaction	5% + $0.50 per transaction	5% + $0.50 per transaction	3.5% + $0.40 per successful transaction
Subscriptions	Standout: Recurring subscriptions, trials, proration, add-ons	Recurring subscriptions, trials, per-seat pricing	Recurring billing, trials, upgrades, and recovery	Recurring billing and subscription management	Recurring subscriptions and configurable billing periods
Usage Billing	Standout: Metered billing for API calls, credits, tokens	Usage billing and prepaid credit packs	Flexible billing, specific capabilities depend on setup	Usage-based billing	Real-time metering, limits, credits, and overages
Tax Compliance	Standout: Tax calculation, filing, and reporting	VAT, GST, and sales tax collection and remittance	Sales tax and VAT registration, filing, and remittance	Global sales tax and VAT handling	Global tax collection and remittance
Indian Audience	Standout: Explicitly targets Indian startups and indie hackers	Global audience	Global audience	Global audience, supports more than 130 countries	Global audience
Extra Capability	Fraud protection, invoicing, and analytics	Revenue splits and affiliate program	Payment recovery and churn prevention	License keys and digital product delivery	Feature entitlements and access control

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Best apps for different needs

Dodo Payments

Payment ProviderMerchant of Record

Pay as you goStarts from 4% + $0.40 per transaction

Payments and billing platform for SaaS, AI, and digital products.

What is Dodo Payments?

Dodo Payments is a Merchant of Record and payments platform for SaaS, AI, and digital product businesses. It handles global payments, subscriptions, usage-based billing, tax compliance, fraud protection, invoicing, and digital product distribution.

When should you choose Dodo Payments?

• Choose Dodo Payments when you are an Indian SaaS founder or indie hacker looking to integrate payments into your application.
• It combines Merchant of Record services with global payment processing, subscriptions, and usage-based billing.
• Its audience explicitly includes Indian startups and countries where Stripe is unavailable.
• It also provides APIs, SDKs, and webhooks for application integration.
• Standard pricing starts at 4% + $0.40 per transaction.

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Creem

Payment ProviderMerchant of Record

Pay as you goStarts from 3.9% + $0.40 per transaction

The complete payment platform for software companies.

What is Creem?

Creem is a Merchant of Record and payments platform for software companies, SaaS businesses, AI products, and digital products. It handles payments, taxes, compliance, subscriptions, revenue splits, fraud protection, invoicing, and payouts.

When should you choose Creem?

• Choose Creem when you build SaaS, AI software, or digital products and need a Merchant of Record.
• It supports recurring subscriptions, usage-based billing, credit packs, and seat-based pricing.
• Revenue splitting is useful when payments need to be divided between co-founders, affiliates, partners, or contractors.
• Its standard transaction fee starts at 3.9% + $0.40.
• The listed audience is global rather than specifically Indian.

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Paddle

Payment ProviderMerchant of Record

Pay as you goStarts from 5% + $0.50 per transaction

Payments, billing, and tax compliance for software businesses.

What is Paddle?

Paddle is a Merchant of Record platform for SaaS, software, AI, and digital product businesses. It combines payments, subscription billing, tax compliance, fraud protection, invoicing, customer support, and revenue recovery in one platform.

When should you choose Paddle?

• Choose Paddle when your software business sells internationally and needs payments, subscription billing, and tax compliance together.
• It supports recurring billing, one-time payments, localized checkout, and global sales tax and VAT handling.
• Paddle Retain also provides automated recovery for failed payments and churn prevention.
• Standard pay-as-you-go pricing starts at 5% + $0.50 per transaction.
• Its listed regional audience is global.

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Lemon Squeezy

Payment ProviderMerchant of Record

Pay as you goStarts from 5% + $0.50 per transaction

Merchant of record for digital products and SaaS

What is Lemon Squeezy?

Lemon Squeezy is a merchant of record for digital products and SaaS, handling payments, taxes, subscriptions, and licensing for online businesses.

When should you choose Lemon Squeezy?

• Choose Lemon Squeezy when you sell SaaS subscriptions or digital products globally and want licensing alongside payment infrastructure.
• It combines recurring billing, tax handling, hosted checkout, license key management, and digital product delivery.
• Its platform currently supports more than 130 countries according to the supplied data.
• Pricing starts at 5% + $0.50 per transaction, with additional transaction fees possible.

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Kelviq

Payment ProviderMerchant of Record

Pay as you goStarts from 3.5% + $0.40 per transaction

Merchant of Record for SaaS, AI Apps, and digital products

What is Kelviq?

Kelviq is a Merchant of Record and monetization platform for SaaS, AI, and digital products. It combines payments, subscriptions, usage-based billing, entitlements, global tax handling, checkout, and digital product delivery in one platform.

When should you choose Kelviq?

• Choose Kelviq when your SaaS or AI product uses credits, API calls, tokens, storage, active seats, or custom usage metrics.
• It supports real-time metering, overage billing, soft and hard usage limits, entitlements, and hybrid pricing.
• Merchant of Record services and global tax handling are included in its platform offering.
• Pricing starts at 3.5% + $0.40 per successful transaction.
• Its listed regional audience is global.

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Which one should you use?

• Choose Dodo Payments if you are an Indian indie hacker building SaaS. It explicitly targets Indian startups and founders integrating payments.
• Choose Creem if you need revenue splitting alongside SaaS billing. It supports revenue splits, subscriptions, and usage-based billing.
• Choose Paddle if you want subscription payment recovery tools. Paddle Retain provides automated recovery and churn prevention.
• Choose Lemon Squeezy if you sell software licenses and digital downloads. It combines license keys, subscription management, and product delivery.
• Choose Kelviq if you need real-time metering and entitlements. It combines usage metering, credits, overages, and access control.

Frequently asked questions