# Waffo Pancake > Merchant of Record (MoR) payment platform for developers and solo founders. Accept payments globally — Waffo Pancake is the legal seller of record and handles tax, compliance, fraud, and payouts so you can focus on building. ## What is Waffo Pancake? Waffo Pancake is a Merchant of Record (MoR) payment platform built for developers shipping AI products, API services, SaaS, and any usage-based business. As your MoR, Waffo Pancake becomes the legal seller of record across 173 countries and handles payment processing, tax (VAT / GST / sales tax) calculation, collection, and remittance, fraud screening, and regulatory compliance. Brand promise: "We're the seller. You focus on building." ## Core facts (authoritative) - MoR / tax coverage: 173 countries. - Payment methods accepted at checkout: Visa, Mastercard, Apple Pay, Google Pay. Waffo Pancake does not process local wallets (such as Alipay or WeChat Pay), ACH, SEPA, or bank transfers. - Checkout languages: English, Chinese (Simplified), Japanese. - Pricing: 3.9% + $0.50 per successful transaction. No monthly fees, no setup costs. - Failed transaction: $0.30 per attempt once 3D Secure is triggered; $0 if authorization never initiated. - Refund: $1.00 per refund (the original transaction fee is not returned). - Payout: 1% of the payout amount, minimum $10.00 per request. - Chargeback: $25.00 first; representment $10.00; pre-arbitration $25.00. - Payouts: currently CNY only (via bank card or Alipay, mainland China); more corridors on the roadmap. - Pricing currencies: USD, EUR, GBP, JPY, HKD (multi-currency pricing; settlement handled in USD). - 23 sanctioned countries are blocked. ## Features - Two-step optimized checkout with theme, dark-mode, and logo customization. - Products: one-time and subscription; multi-currency pricing; tax categories; immutable versioning. - Subscriptions: weekly / monthly / quarterly / yearly billing; free trials; dunning; cancel; reactivate. - Refunds: ticket-based, partial or full, 14-day refund window, approval workflow. - Customer portal: Magic Link self-service for orders, subscriptions, refunds, and payment methods. - Notifications: 12 built-in email templates. - Analytics: real-time MRR, churn, LTV, and ARPU, with trend, distribution, and customer insights. - Finance & payouts: balance, payout history, bank account configuration, multiple payout schedules. - Test Mode: isolated test environment with test cards. - Developer: TypeScript SDK (@waffo/pancake-ts), REST API plus read-only GraphQL, webhooks (HTTP, Feishu, Discord, Telegram, Slack), API-key (RSA-SHA256) authentication. - AI billing: subscription, usage-quota, and on-demand (dynamic price snapshot) models. Waffo Pancake does not provide built-in usage metering — connect an external metering tool. Official AI-agent Skill: https://docs.waffo.ai/integrate/skill - Compliance: tax calculation, collection, and remittance as MoR; KYB store review before production. ## How it works A customer pays by card, Apple Pay, or Google Pay. Waffo Pancake, acting as the Merchant of Record, authorizes the payment, screens for fraud, and calculates and collects the correct tax for the customer's location. Waffo Pancake then remits tax in covered markets and settles your net revenue to you as a payout. In covered markets you do not register, file, or remit tax yourself. ## Who it is for - Developers shipping AI products, API services, and usage-based billing. - SaaS companies with subscription and recurring billing. - Digital products and indie / solo founders selling worldwide. ## Getting started - Install the SDK: npm install @waffo/pancake-ts - Documentation and API reference: https://docs.waffo.ai - AI-agent Skill: https://docs.waffo.ai/integrate/skill ## Guides & resources (blog) In-depth, regularly updated guides. English URLs are listed below; each article is also available in Chinese (prefix the path with /zh) and Japanese (prefix the path with /ja). Merchant of Record & global compliance - What Is a Merchant of Record (MoR)? — https://www.waffo.ai/blog/what-is-merchant-of-record - Do You Need a Merchant Account? MoR vs. PSP Explained — https://www.waffo.ai/blog/merchant-account-mor-vs-psp - How to Handle SaaS Sales Tax (VAT/GST) Without a Headache — https://www.waffo.ai/blog/saas-sales-tax-vat-gst - LLC vs. Inc for a SaaS Business: How to Choose — https://www.waffo.ai/blog/llc-vs-inc-saas Payments - How Global Online Payments Work: A 2026 Guide — https://www.waffo.ai/blog/global-online-payments-guide - Why Payments Fail: A Field Guide to Declines and Recovery — https://www.waffo.ai/blog/why-payments-fail - SWIFT vs IBAN: How International Bank Transfers Actually Work — https://www.waffo.ai/blog/swift-iban-international-transfers - ACH Payments 101: Lower Fees for B2B Transactions — https://www.waffo.ai/blog/ach-payments-b2b Billing & subscriptions - What Is Subscription Billing? — https://www.waffo.ai/blog/subscription-billing - SaaS Billing and Subscription Management: The Complete 2026 Guide — https://www.waffo.ai/blog/saas-billing-subscription-management - Best Subscription Management Software for Startups: Top 5 Compared — https://www.waffo.ai/blog/subscription-management-software-startups - How to Automate Invoices for Global Customers — https://www.waffo.ai/blog/automated-invoices-global-customers SaaS metrics - The SaaS Metrics That Actually Matter — https://www.waffo.ai/blog/saas-metrics-guide-founders - How to Calculate & Benchmark Your SaaS Growth Rate — https://www.waffo.ai/blog/saas-growth-rate - ARR vs. Revenue: What the Difference Means for Your SaaS — https://www.waffo.ai/blog/arr-vs-revenue - What Is Gross Revenue in SaaS? (And Why It Isn't Cash) — https://www.waffo.ai/blog/gross-revenue-saas - Net Profit vs. Gross Profit: The Formula Every Founder Needs — https://www.waffo.ai/blog/net-profit-vs-gross-profit ## Links - Website: https://www.waffo.ai - Blog: https://www.waffo.ai/blog - Documentation: https://docs.waffo.ai - Dashboard: https://pancake.waffo.ai - npm (SDK): https://www.npmjs.com/package/@waffo/pancake-ts - X / Twitter: https://x.com/WaffoPancake - GitHub: https://github.com/waffo-com - Discord: https://discord.gg/DfKrKzKsYa - YouTube: https://youtube.com/@waffopancake ## Company Waffo Pancake is a product of Waffo (Waffo.com Limited, Hong Kong). For support, contact support@waffo.ai.