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TELL HN: Stripe STOLE OUR $159k

news.ycombinator.com

11–20 of 45 posts

Re: TELL HN: Stripe STOLE OUR $159k

#11
post #4

Earlier quoted context omitted.

Yeah, it sucks that people have to come here for short-circuit support. I just hate to have this flagged for not being a true "show"

What is true show? Our business will be destroyed soon and I want to show what is going on to Hacker news

This is more "Tell HN". "Show HN" is for showing something you made.

https://news.ycombinator.com/showhn.html

Re: TELL HN: Stripe STOLE OUR $159k

#13
post #10

Earlier quoted context omitted.

What is true show? Our business will be destroyed soon and I want to show what is going on to Hacker news

"Show HN" is for demos, I've seen Tell HN before

Oh I didn't know. I was thinking I can show Hackernews what is going on and they might help

Re: TELL HN: Stripe STOLE OUR $159k

#14
post #4

Earlier quoted context omitted.

Yes, this is destroying our business. Stripe is not responding to support anymore either

Yeah, it sucks that people have to come here for short-circuit support. I just hate to have this flagged for not being a true "show"

It sucks for everyone involved, really, including HN.

Re: TELL HN: Stripe STOLE OUR $159k

#15
post #12

I understand your frustration, that sucks. On a side note: Is this kind of business relation the result of unequal partners where one-sided benefits are incentiviced? Is building a product the new product?

Both sides get benefits. We basically bring new shoppers to your ecommerce store. You get new users and if they come back and pay again, we only charge ~1%, if they paid the first time, we charge higher fee depending on our costs. So you benefit by connecting your Stripe account to ours and gaining new shoppers, we benefit because we charge percentage of transaction as a fee and generate revenue

Re: TELL HN: Stripe STOLE OUR $159k

#16
How do these kinds of negative Stripe stories keep coming? It's like there's a new one every month with a massive loss of profit followed by the support team not responding. (That is, until the Hacker News support team shows up.)

Stripe's fault? Competitors doing evil shit to make Stripe look bad?

Re: TELL HN: Stripe STOLE OUR $159k

#17
post #16

How do these kinds of negative Stripe stories keep coming? It's like there's a new one every month with a massive loss of profit followed by the support team not responding. (That is, until the Hacker News support team shows up.) Stripe's fault? Competitors doing evil shit to make Stripe look bad?

I am hoping someone can reach out and help. If A lot of stories coming it means those things are happening and keep happening to many people

Re: TELL HN: Stripe STOLE OUR $159k

#19
Stripe has a lot of “restricted businesses” for which they don’t want to process payments. https://stripe.com/legal/restricted-businesses

This one jumps out to me as a possible reason, if your business is helping new businesses acquire customers:

> Sales of online traffic or engagement

It could be any of those though, it’s hard to say. Basically Stripe is trying to protect themselves from being hit by a bunch of chargebacks.

You also say that “they can’t refund customers of all connected accounts”, but I’m not sure I understand this. They could refund the charges to the original payment method, no?

For $159k, I guess you’re going to need to get a lawyer involved. If Stripe does intend to refund the payments, they are probably waiting for some period of time in case you appeal their decision. They wouldn’t be able to undo the refund, so they want to be sure first.

Aside from that, you’ll need to shop for a more flexible payment processor. If I recall, Authorize.net had fewer restrictions for example, but I am sure there are many others.

Re: TELL HN: Stripe STOLE OUR $159k

#20
post #16

How do these kinds of negative Stripe stories keep coming? It's like there's a new one every month with a massive loss of profit followed by the support team not responding. (That is, until the Hacker News support team shows up.) Stripe's fault? Competitors doing evil shit to make Stripe look bad?

Stripe has a lot of customers and probably a lot of scammers sending exactly the same messages as actual unhappy customers. Plus, it seems quite known by now that they respond on HN. So there's probably a bit of selection bias going on.
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