Who's Stripe was shutdown?
- Thread starter jskinnerd
- Start date
papechaser
Newbie
- Jun 10, 2024
- 49
- 29
Happened to me , me and my friend were running a legit business through stripe and we got our stripe closed around 45k in sales as our fraud detection score was high across multiple payments , we even changed our fraud settings so it wouldn’t except cards exceeding a certain limit, countless calls, hours of live chats, and we couldn’t recover so we now moved to square.
If youre having issues with stripe its normal. Their business model is instant setup and access with no underwriting. All of their merchants share the same merchant account.
The value behind underwriting cannot be understated. It is what sets us apart from others, like stripe.
Its what allows you to have an individualized merchant account, rather than just shared access to merchant account services.
D
Deleted member 250950
Guest
Mine was down and my payment is stuck in stripe not much but its just $35000 which was on on my stripe gateway account and i’m still pushing them to atleast send me money
meannn
Elite Member
- Apr 22, 2009
- 1,908
- 2,771
Im also looking for square, are you happy with them ? Are they also soo sensitive like Stripe ?
11 yr account closed in January. Very vague "restricted business" reason given. From the looks of things there is a mass purge over the last year.
Doubt I will get my balance back without a fight but I was doing daily withdrawals so that isn't as big of a deal. I had a backup in place but I'm working on getting a merchant account now.
Doubt I will get my balance back without a fight but I was doing daily withdrawals so that isn't as big of a deal. I had a backup in place but I'm working on getting a merchant account now.
- Mar 10, 2010
- 42,695
- 107,111
I have Square for digital services and never an issue with them with literally hundreds of thousands of dollars having passed through.
I also have Stripe but I don't run but about 80 - 90K a year through them.