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TIFU by using Stripe as a payment processor for my small business

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Re: TIFU by using Stripe as a payment processor for my small business

#41
post #30

Quoted post unavailable.

It would end up exactly the same way. Just as no serious merchant simply puts up their IBAN and says "wire me the money", no serious merchant will put up their crypto wallet address saying "wire me the cryptos". They would use some kind of crypto wallet payment provider/aggregator putting them at the exact same spot they were at before.

Typical crypto shilling.

Re: TIFU by using Stripe as a payment processor for my small business

#42
post #35

I have no idea how companies like Stripe and to a great extent Revolut made it to forefront of banking. They are Uber of banking industry. And have done shady things. As the time passes and VC money runs out; these companies will implode

Stripe has an excellent developer experience which makes it easy to integrate it online.

Re: TIFU by using Stripe as a payment processor for my small business

#43
>You cannot call Stripe. They do not have a phone number.

Not sure whether this person was specifically locked out or something, but I've had consistently good experience with Stripe's phone support. As they note email (and chat) are a joke, but phone reps are highly knowledgeable and have quickly resolved my issues.

Re: TIFU by using Stripe as a payment processor for my small business

#44

Hopefully making enough noise on HN and social media will help your case move quickly. That appears to be the only way to get a response these days. Maybe one day non-custodial and permissionless payment rails will prevent this situation, for those services that choose to use it. Shame that HN is so polarized about blockchain that they refuse to entertain the idea.

This is a *legal* issue,and not a shitcoin-solving issue.

Re: TIFU by using Stripe as a payment processor for my small business

#45

Stripe responded to a Twitter post about it, Reddit helped retweeting it. https://twitter.com/GenosAtHonda/status/1552588035077726208

This type of canned response is so repulsive, I imagine the only reason why it might be a good idea to send things like this is because it's less offensive than nothing and just as expensive.

Re: TIFU by using Stripe as a payment processor for my small business

#47
post #31
post #30

Quoted post unavailable.

Nobody is saying there's no use case for cryptocurrencies. However they absolutely suck in the main use case - payments. There are no chargebacks/protections against scams, the UX is atrocious or relies on an unregulated and unprotected third party. It's slow, it costs money to spend money. And it's also destroying the planet with useless electricity consumption when there's an energy crisis and climate change with r…

Hmm, seems like this guy wouldn't get his $3,000 stolen if he got paid SPL USDC. The transaction would also cost less energy than it did through Stripe.

Re: TIFU by using Stripe as a payment processor for my small business

#50
post #20
post #11

If it was, say, a $30000 charge I could give Stripe the benefit of doubt, but $3300 is a pretty ordinary amount for any retailer. Could be e.g. a laptop sale, or three phones? When I see Stripe's apology here it will not be enough for me - not at least without a detailed blog post / postmortem. Until/if that moment happens, I'll regard Stripe as an untrustworthy entity and will recommend doing the same to do anyone I…

> When I see Stripe's apology here it will not be enough for me I'm actually just starting a business using Stripe for handling payments, and this makes me very concerned. Is there an alternative service one could use? Is there a way not to give these shady companies power to steal all my money?

Check out PastePay. Great service and a human touch! https://www.pastepay.com
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