It's called placing a reserve on the account and it is something any payment processor will do to a merchant account.
TIFU by using Stripe as a payment processor for my small business
91–100 of 461 posts
Re: TIFU by using Stripe as a payment processor for my small business
#92Earlier quoted context omitted.
As someone who’s worked there: stripe won’t. Everyone in the company can see the business metrics. People wouldn’t be staying if that were true.
I have a close friend, working for Uber since 5-6 years now. I don't think he ever expected company to engage in anything shady. SWEs are higher up than service counter staff but in the game of business they are not far from being expensive pawns. Sorry
So he started 5-6 years ago, after Uber was already caught doing shady shit? Does not compute.
I don't think Uber was ever particularly transparent, whereas I believe the other poster was implying that all Stripe employees can see revenue, profit margin, etc. plainly, which seems very uncommon for a non-public corp.
Re: TIFU by using Stripe as a payment processor for my small business
#93Welcome to the Stripe support forum! A founder will be here momentarily.
Re: TIFU by using Stripe as a payment processor for my small business
#94Yet another story of Stripe holding big sums (yes 3k can be huge for small businesses) with no proper support structure. Consumers must rely on social networks to get some form of reaction.A $74 billion company has no proper support structure. Just wow.
I'm sympathetic that 3k can be huge for small businesses, but if you can't tolerate a loss of 3k, isn't your business practically doomed?
What is this, really?
Is this meant to defend Stripe?
What a weird way of looking at things.
Re: TIFU by using Stripe as a payment processor for my small business
#95No post body was provided.
Re: TIFU by using Stripe as a payment processor for my small business
#96You either die a promising startup, or live long enough to see yourself become just another Paypal.
Re: TIFU by using Stripe as a payment processor for my small business
#97This isn't surprising to me, and I don't think less of Stripe for doing this. It appears everybody is jumping to conclusions. Saying Stripe is "stealing" is laughable. There is a tremendous amount of fraud abound. Payment service providers like Stripe sit in between businesses and credit card companies, who proxy banks, who proxy customers. Banks are pretty solid, as are credit card companies, so the transitive natur…
What is frustrating for me and most of the folks here are the robot emails.
Give me a effin proper response. I am your customer!
Re: TIFU by using Stripe as a payment processor for my small business
#98This is now on the front page of Reddit. Someone at Stripe PR is going to have a bad morning.
Re: TIFU by using Stripe as a payment processor for my small business
#99Yet another story of Stripe holding big sums (yes 3k can be huge for small businesses) with no proper support structure. Consumers must rely on social networks to get some form of reaction.A $74 billion company has no proper support structure. Just wow.
I'm sympathetic that 3k can be huge for small businesses, but if you can't tolerate a loss of 3k, isn't your business practically doomed?
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