FastSpring
Overview of FastSpring
FastSpring simplifies digital product sales with its merchant of record services.
It shines in global tax compliance, handling VAT, sales tax, and international requirements, freeing businesses from complex tax management.
Customizable checkout experiences enhance branding and improve conversion rates. Subscription management tools support recurring billing and flexible subscription plans.
While pricing transparency and unexpected fees have been reported as concerns, FastSpring's responsive customer support is a major advantage.
Businesses selling software, SaaS, or digital content, especially those targeting international markets, will find FastSpring a valuable ally in streamlining their online sales and operations.
The platform's ability to scale with business growth makes it a solid choice.
Pros
- Excellent customer support provided
- Comprehensive global tax handling
- Platform is easily customizable
- Detailed sales reports offered
- Good platform ease of use
Cons
- Pricing structure is not transparent
- Unexpected fees can occur
- Mandatory risk screening fee
Main Features
Global Payment Processing
FastSpring supports diverse payment methods and currencies, facilitating international sales. Businesses can process payments without managing multiple gateways. FastSpring aims to optimize payment processing, potentially increasing conversion rates. However, specific payment success rates are not always transparently provided.
Subscription Management
FastSpring's subscription management tools facilitate recurring billing, trial periods, and plan upgrades/downgrades. The platform enables the creation of custom subscription plans to drive recurring revenue. This is valuable for SaaS and subscription-based businesses seeking flexible subscription options.
Tax Compliance
A key strength of FastSpring is its automated global tax compliance. The platform calculates and remits sales tax, VAT, and other international taxes. FastSpring also provides compliance reporting. This significantly reduces the tax-related burden on businesses selling digital products internationally.
Fraud Prevention
FastSpring incorporates fraud detection and prevention measures to safeguard businesses from fraudulent transactions. While specific details of their fraud prevention system are not publicly available, it is a standard and necessary feature for merchant of record platforms.
Customizable Checkout
FastSpring provides a customizable checkout experience, enabling businesses to tailor the look and feel to match their brand. This can improve conversion rates and enhance customer satisfaction by creating a seamless and branded purchasing process.
Tax Compliance
Business Models
Revenue Share
Pricing
Check their website for pricing details.
Check pricing on FastSpring