The Merchant of Record for developers selling worldwide
Waffo Pancake becomes the legal seller on every invoice. We collect and remit consumer taxes, handle refunds and chargebacks, and pay you out — so you can sell in 173 countries without a company abroad.
- Open an account as an individual
- 3.9% + $0.50 per sale
- Consumer taxes collected and remitted
The legal seller, not just a payment rail.
A payment service provider moves money. You are still the seller on the invoice, so tax registration, filing, refunds and chargeback disputes stay with you. A merchant of record resells your product under its own name. Waffo Pancake signs the contract with the buyer, issues the invoice, and carries the obligations that come with being the seller.
No company required. Open an account as an individual.
You do not need a company, a sole proprietorship, or an entity registered overseas. Waffo Pancake onboards individuals — that is who the product is built for.
- Accounts
- Usually one account is all you need. To take payments for several products, open multiple stores inside it.
- Stores
- Up to 20 stores per account.
- ID
- ID or passport — choose one at onboarding.
- Review
- 1–3 business days. Non-AI products are usually faster.
One rate. Every fee on the page.
3.9% + $0.50
per successful transaction
No monthly fee. No setup fee. Pricing is public and transparent.
| Item | Fee | |
|---|---|---|
| Card paymentper successful transaction | 3.9% + $0.50 | per successful transaction |
| WeChat Payno fixed fee | 3.9% | no fixed fee |
| Failed transactiononly when 3DS was triggered; $0 if no authorisation was attempted | $0.30 | only when 3DS was triggered; $0 if no authorisation was attempted |
| Refundthe original 3.9% + $0.50 is not returned | $1.00 | the original 3.9% + $0.50 is not returned |
| Chargebackfirst chargeback · $10 to file a dispute · $25 pre-arbitration | $25 | first chargeback · $10 to file a dispute · $25 pre-arbitration |
| Payoutminimum $10 per payout | 1% | minimum $10 per payout |
| Account opening | None | — |
| Monthly fee | None | — |
Your integration method does not change the rate. SDK, API and hosted checkout all cost the same.
Fee details in the docs →How the money reaches you
- 1
Sale succeeds
The net amount, after tax and fees, is added to your balance.
- 2
Settlement, T+10
Each sale becomes available to withdraw after 10 business days, on the Hong Kong holiday calendar.
- 3
You request a payout
From the Finance page in your dashboard. 1% fee, minimum $10.
- 4
Arrives in 1–3 business days
Your balance is held in USD. Payouts to a mainland China bank card arrive in RMB, converted at the rate on the day of transfer.
Where payouts go
Personal bank card and personal Alipay in mainland China. Personal payout methods in Hong Kong, the United States, South Korea and Singapore are live. Company bank accounts are in testing and not yet available.
Payout coverage changes often. The Finance page in your dashboard always shows what is available to you today.
About the $10 minimum
Because the payout fee has a $10 floor, a $15 payout costs 67% in fees while a $1,000 payout costs 1%. Letting the balance build up before you withdraw is the difference.
We handle the rest.
Consumer taxes
VAT, GST and sales tax on your overseas buyers. Collected from the buyer at checkout and remitted. Never deducted from your balance.
Your own income tax.
We are the merchant of record for consumer taxes; we do not file anything on your behalf as an individual.
Refunds.
Card refunds usually complete within two business days.
Your refund policy
You decide when to approve one.
Chargebacks.
We handle the dispute with the network.
Invoices.
Issued by our Hong Kong entity and emailed to the buyer with a link; also in the transaction detail view.
- Prices you set are tax-exclusive. Tax is added on the buyer's side, not taken out of what you charge.
- Invoices are overseas invoices issued by Waffo.com Limited (Hong Kong). We cannot issue a mainland China fapiao.
Can you sell it here?
AI products · SaaS · games · other online digital businesses
E-commerce storefronts shipping physical goods — fulfilment works differently and we do not support it.
Some categories are restricted on the WeChat Pay channel.
1–3 business days. Non-AI products are usually faster.
One integration, 173 countries.
Visa, Mastercard, Apple Pay, Google Pay and WeChat Pay, across 173 countries.
WeChat Pay supports one-time payments. Subscriptions are charged on cards.
Global cards & wallets
One integration. Visa, Mastercard, Apple Pay, Google Pay and WeChat Pay.
Legal entity
Waffo.com Limited in Hong Kong is the legal seller and issues every invoice. You don't need to incorporate abroad.
Fraud protection
Adaptive risk scoring on every transaction. 0.18% fraud rate vs the industry's 0.6%.
Stripe moves money. Waffo Pancake sells for you.
With Stripe alone, you're still the legal seller — tax calculation, filing, chargeback disputes, and compliance audits are all your responsibility. With Waffo Pancake, we become the merchant of record and all of that transfers to us.
Integrate in 10 minutes.
TypeScript SDK @waffo/pancake-ts, REST API with read-only GraphQL, webhooks to HTTP, Lark, Discord, Telegram or Slack, and a test mode.
Common questions
Review takes 1–3 business days on the Hong Kong holiday calendar, and non-AI products are usually faster. Reviewers check the pricing on your website, so make sure your pricing page is clear and easy to find, and have terms of service and a privacy policy ready — templates are in the docs.
Each sale becomes available to withdraw after T+10 business days, counted on the Hong Kong holiday calendar. You request a payout from the Finance page in your dashboard and it arrives in 1–3 business days, for a 1% fee with a $10 minimum. In mainland China you can withdraw to a personal bank card or personal Alipay, paid out in RMB; personal payout methods in Hong Kong, the United States, South Korea and Singapore are live too.
Yes. Buyers in mainland China can pay by card or WeChat Pay. One-time products can carry an RMB price, paid through WeChat Pay; price subscription products in USD or another currency, and renewals are charged on cards.
Usually one account is all you need. To take payments for several websites or products, open multiple stores in that account — up to 20. Your revenue, payouts and details all stay in one place, which is much easier to manage.
Not at the moment. When payouts to company bank accounts launch, there will be a separate step to collect your company details, and payouts to a company account start once they are verified. A path to convert an individual account into a company account will open at the same time.
One or the other for now. Support for submitting both is planned.
Both come from Waffo; they fit different stages. Waffo Pancake (waffo.ai) is for indie developers, startups and AI agent projects: focus on the product and let us handle payments and monetisation end to end, so you can go live fast. Waffo (waffo.com) is for established businesses with an overseas entity and a finance team that need more local wallets, custom rates and an enterprise service agreement.
You focus on building. We'll be the seller.
Sell with Waffo Pancake: payments, tax and compliance across 173 countries, at 3.9% + $0.50 per successful transaction. No monthly fees, no setup costs.