Again with Stripe...............

Setox said:
From them before closing an account with 100K on it
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Ok, my night sleep is done now...

Other experienced marketers/sellers seems to use multiple accounts (either same processor or a few of them) and spread risks and balance in between. This sounds like the best route.
 
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Setox said:
From them before closing an account with 100K on it, they made it clear that selling digital services is a High risk business for them, unless you own the product ( saas, ebook ) or you are providing a kind of expertise : auditing, marketing, writing ... etc.

For them a high risk is just a nicer word for "we will sustain it till an x level" then we'll do whatever we want.
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I do 7 figures through Stripe with no problems and I have digital services. They even offer to loan me in the region of $200k-$300k regularly.
 
splishsplash said:
I do 7 figures through Stripe with no problems and I have digital services. They even offer to loan me in the region of $200k-$300k regularly.
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I may have chosen a bad word : "strictly", please read my second comment, If you are not from US or a tier 1 country, or don't have an established brand, it's not sustainable to use Stripe for digital products.

Honestly, i don't know why we argue over this :D i'm happy to admit being wrong and slap myself 33 times if this will make my accounts last longer.
 
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I am finishing online platform (SAAS) and planning to start the Atlas Stripe process. I am only "employee", no psyhical address of business (I mean, my chair, local cafe etc) , no bank statements connected to this business since I am just starting...
Supposedly Atlas Stripe is their service specifically for the people who don't live in USA, fees are not small to start (500+ usd).
Do I have any chance to make it to receive payments and work with Stripe?
 
Setox said:
I may have chosen bad word : "strict", please read my second comment, If you are not from US or a tier 1 country, or don't have an established brand, it's not sustainable to use Stripe for digital products.

Honestly, i don't know why we argue over this :D i'm happy to admit being wrong and slap myself 33 times if this will make my accounts last longer.
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It's ok. I'll accept only 7 slaps. Forgiveness and compassion are important.
 
BassTrackerBoats said:
I have accounts at Stripe, Square and 2CO and I've had no issues but 2CO is a bit more expensive but also a bit more flexible.
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Is there anyone else who when you post something like this, we instantly thinks ok, must put that goal down on the ol' to-do list! lol
 
TZ2011 said:
I am finishing online platform (SAAS) and planning to start the Atlas Stripe process. I am only "employee", no psyhical address of business (I mean, my chair, local cafe etc) , no bank statements connected to this business since I am just starting...
Supposedly Atlas Stripe is their service specifically for the people who don't live in USA, fees are not small to start (500+ usd).
Do I have any chance to make it to receive payments and work with Stripe?
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Apparently, with Stripe Atlas you get to establish an LLC or C-corp org in the US (Delaware if I'm not mistaken) which then allows you to open a bank account there and use Stripe.
There are other digital benefits (like AWS credits and other cloud services) but getting accepted into the program isn't guaranteed, there is a screening, not all applicants get accepted.
I don't know much more but I too am interested in it.
 
SMMTribe said:
So Stripe refunded 6K back to customers who already spent their money, and closed the account for high suspicious activity.... Which means I am 6K down the drain. The account was running for a good 3 months. Then boom.. Isn't this illegal to destroy someone's legitimate business and refund clients who's money were already spent?

I had NO disputes.. Accepting only 3DS payments.. And implemented strict rules to be on the safe side. What else should i do?

This is the Second time with Stripe. And i reached to a point that there's no way for me to get a Credit Card processor that would not act like Shitty Stripe. Anyone suggests anything?! Most of my clients are demanding CC only. When there's 6 other payment methods available to them.

Any other Payment processors that would do the work?

P.S: This is not a high risk business nor SMM Panel business.
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Happens exactly the same situation with me too.
Stripe just ignore me and sent only automated messages from costumer support. Because of 2 clients that used stollen credit cards in multiples products purchases and appear as "declined" in the most of attempts along 2 weeks, Stripe consider that my bisiness is not safe to operate with Stripe and closed my account.
But I explain that I have nothing do with those 2 fraudulent clients but they didn't care and Stripe just freeze my funds.
In total I lost $5000 and Stripe never give me any opportunity to withdraw the remaining balance that I earned before those fraudulent clients.
I will sue them soon..I already contact my
lawyer.. So we will try to bring them to the court!
 
Setox said:
From them before closing an account with 100K on it, they made it clear that selling digital services is a High risk business for them, unless you own the product ( saas, ebook ) or you are providing a kind of expertise : auditing, marketing, writing ... etc.

For them a high risk is just a nicer word for "we will sustain it till an x level" then we'll do whatever we want.
Click to expand...
We need a wtf reaction button. Ehhh.
 
SMMTribe said:
Max we charge is 200$

VPS & Cloud services. 6K split into many transactions

Thanks man, checking it asap.

Who said I broke their TOS? Clearly I did not.
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If you’re selling digital products or SAAS you should take a look at Paddle. With a little bit of programming, you can integrate it into your website.
There are also services like Gumroad and Lemon Squeezy to sell digital products without having to deal with any payment processor.
 
grafeam said:
If you’re selling digital products or SAAS you should take a look at Paddle. With a little bit of programming, you can integrate it into your website.
There are also services like Gumroad and Lemon Squeezy to sell digital products without having to deal with any payment processor.
Click to expand...
I already signed up, they take so much time to verify a website. they take a ridiculous 5% on each transaction.
 
2checkout is legit. If they accept your type of business, may be worth it. I never had any issues.

Another one that you can check out is Paddle. I never used them myself, but i know theyre legit, i think i paid for some proxies once and the guy was using Paddle.
 
Square... stripe is absolutely annoying.
If you have someone in South America, Mercado Pago is also okay
 
obabo said:
Square... stripe is absolutely annoying.
If you have someone in South America, Mercado Pago is also okay
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What do you mean having someone ? Im also blocked at opening payment processors account in mexico, you think someone can do it for you ? Can you detail pls brosky
 
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