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Stripe has decided to nuke my entire business

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Re: Stripe has decided to nuke my entire business

#11
post #2

At what point does it make sense to sue these companies to compel them to answer these questions? I know, that's expensive... but I'm willing to contribute to a legal fund to make payment processors answer questions.

I second this!

Also, a lobbying effort should be funded, to compel these companies by law to provide detailed feedback.

Re: Stripe has decided to nuke my entire business

#14
post #9
post #2

At what point does it make sense to sue these companies to compel them to answer these questions? I know, that's expensive... but I'm willing to contribute to a legal fund to make payment processors answer questions.

Of course a logical question is: with whom do you set up a "Fund me" drive to sue the likes of PayPal and Stripe?

[deleted]

Re: Stripe has decided to nuke my entire business

#16
Stories like this are why ultimately all payments will transition to crypto based and self custody. Having your livelihood at the whim of an algorithm is not only not cool. It is not sustainable. None of the legacy payment rails can be trusted to run without interruption. This includes Stripe, paypal and even the expected FedNOW service being introduced next year.

Re: Stripe has decided to nuke my entire business

#17
post #10
post #7

Earlier quoted context omitted.

Does it matter? PayPal and Stripe don't advertise that they will only do business with organizations with which they agree. To accept a business as a client for a mission critical service like payment processing and then summarily cancel or suspend service without notice should be able to be prosecuted the same as someone who vandalizes a physical storefront to the point they cannot open for business. This is non-tri…

It does matter if it actually violates the TOS, or could be vaguely interpreted to do so I guess?

And how many times does a company claim you have violated TOS and then refuse to tell you how you violated the TOS? To act in this manner nullifies the TOS in my opinion.

Re: Stripe has decided to nuke my entire business

#20
post #2

At what point does it make sense to sue these companies to compel them to answer these questions? I know, that's expensive... but I'm willing to contribute to a legal fund to make payment processors answer questions.

Same here... from a developing country, but still will contribute. These kind of actions by such monopolies piss me off badly.

Go sue them. Also, cannot a class-action lawsuit be initiated against them? We already have many people going through such cases...?

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