Stripe is wrongly suspending accounts

Post by nerder92 » Fri, Nov 25, 2022, 5:01 PM UTC

prirun wrote: post #27

nerder92 wrote: post #17

Earlier quoted context omitted.

Hey, @gizmo thank you for your reply, I indeed checked. As I said the account affected here is a local business, they make like 1.1K MRR from the same people forever. I've checked personally the disputes and they are all due to these "insufficient funds", also one issue that happened like 3 weeks ago on the same account was that Stripe was incorrectly crafting the SEPA Mandate and for the reason the bank rejected it.…

Are these insufficient funds on long-standing accounts, or relatively new accounts? It seems like it would be pretty easy for a competitor to target a small gym by signing up several new accounts, paying for a month or two, then emptying all the bank accounts at once, causing transactions to fail. If the gym has 1.1K MRR and charges $100/mo per subscriber (that's what my private gym charges for open gym w/o personal…

Post by mtmail » Fri, Nov 25, 2022, 5:02 PM UTC

RadixDLT wrote: post #26

sounds like you need to use https://www.twispay.com/en

Post by waboremo » Fri, Nov 25, 2022, 5:03 PM UTC

dibt wrote: post #29

rapind wrote: post #19

Earlier quoted context omitted.

Admirable, but neither of these are light lifts. Most startups are potentially better off just gambling they won't be in the %0.1 that get shut down due to big company shenanigans.

Why? Can’t you have a dormant or lightly used gumroad account integrated into your site/app. It’s not trivial, but could be worth it. Most frameworks have these services already integrated.

Post by [deleted] » Fri, Nov 25, 2022, 5:04 PM UTC

A4ET8a8uTh0 wrote: post #25

bicijay wrote: post #7

Monthly HN Stripe customer support thread

Maybe this is a good place to ask the question: 1. Why is stripe a seemingly preferred payment processor for HN crowd? 2. Is there no ( edit: real ) competition or is the competition similarly bad ( or somehow worse )? edit: Instead of replying individually, I decided to edit this section. Thank you everyone for the background(s). It does answer a lot of the questions I had. I perused their site and I can absolutely…

Post by [deleted] » Fri, Nov 25, 2022, 5:07 PM UTC

A4ET8a8uTh0 wrote: post #25

bicijay wrote: post #7

Monthly HN Stripe customer support thread

Maybe this is a good place to ask the question: 1. Why is stripe a seemingly preferred payment processor for HN crowd? 2. Is there no ( edit: real ) competition or is the competition similarly bad ( or somehow worse )? edit: Instead of replying individually, I decided to edit this section. Thank you everyone for the background(s). It does answer a lot of the questions I had. I perused their site and I can absolutely…