Problem with stripe

Alejandro Jose

Junior Member
Joined
Nov 19, 2016
Messages
104
Reaction score
26
I've created a stripe account and added my payoneer banking details for a shopify store, (I already have the LLC registered and everything) but when I created an item on stripe to test their payment gateway for 20$, several days after that, they decided to close my account due to "high risk of disputes" and I haven't even started selling yet, is there a solution or another payment gateway for a LATAM user?
 
That depends on what your product was. Stripe is paranoid when it comes to newly made accounts and sketchy products (that includes digital products). Try 2checkout, but with a well made and legit looking website.
 
I already have the LLC registered and everything
Are you a US resident? I think Stripe has stopped accepting foreign owned US LLC, try C-corp. Or maybe it could be that stripe was able to see that the store is meant for dropshipping, they don't like it. What do you have in your shipping policy? Always mention 5-9 business days to the the USA.

I know it could be very discouraging to have your accounts banned. For non-us, non-uk people, the setup is often the hardest part. You put in so much effort in creating everything and then boom suddenly some account somewhere gets banned. Don't lose heart, don't lose hope. Register for as many payment gateways you can find. Use any to get started and making money and then you can think of how to get the payment gateway you always wanted. I recently registered for mollie payment gateway as a UK LTD company, got rejected instantly. It happens to all of us, don't let it stop you. Good luck, man!
 
I just got the same message from Stripe today, new POD business, sent all the credit card details, IDs, everything but they closed my account before even started selling. I am worried Paypal will do the same to me.
 
Back
Top