I will take the OP's story at face value, but I think a common theme in these sort of posts is the "Stripe not happy with my business model" angle which typically does not actually include any details about the business model. For example, a few weeks ago the founder of Tailwind tweeted [0] about how Stripe had shut down their account when they were set to launch the Tailwind Job Board, despite many other job boards…
Stripe has decided to nuke my entire business
81–90 of 705 posts
Re: Stripe has decided to nuke my entire business
#82Stories 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.
Agreed, the no intermediary for a payment is a beautiful use case. However I acknowledge the issue with volatility (to be solved!).
Re: Stripe has decided to nuke my entire business
#83I work at Stripe. Could you email me at edwin@stripe.com and I can dig into this?
Re: Stripe has decided to nuke my entire business
#84If only there were some kind of permissionless, censorship resistant payments system, so that we could operate our businesses without being arbitrarily crushed by faceless corporations.
Re: Stripe has decided to nuke my entire business
#85Earlier quoted context omitted.
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.
I have seen way to many stories about people claiming to have been banned for no reasons from services (online video games are a popular one) before it is revealed the ban was 100% legitimate, to take any new story like this at face value.
Re: Stripe has decided to nuke my entire business
#86The pendulum of centralized vs de-centralized architectures has been swinging full tilt in the direction of centralized for some time. It is stuff like this which will eventually swing it back the other way.
Re: Stripe has decided to nuke my entire business
#87It's an arms race with fraudsters that eventually sucks in legitimate businesses.
Re: Stripe has decided to nuke my entire business
#88I will take the OP's story at face value, but I think a common theme in these sort of posts is the "Stripe not happy with my business model" angle which typically does not actually include any details about the business model. For example, a few weeks ago the founder of Tailwind tweeted [0] about how Stripe had shut down their account when they were set to launch the Tailwind Job Board, despite many other job boards…
> Any rational person could see the issue with Stripe not approving of that business. I think of myself as a fairly rational person, and I don't see the issue. Would you mind spelling out whatever you're trying to imply?
Re: Stripe has decided to nuke my entire business
#89Re: Stripe has decided to nuke my entire business
#90At 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.