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Don't Use Stripe

news.ycombinator.com

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Re: Don't Use Stripe

#131

Post by Klonoar »

dotancohen wrote: post #78
Klonoar wrote: post #68

Earlier quoted context omitted.

>If only there was some kind of virtual cash that could be sent from one party to another almost instantly without an intermediary If only such a system wasn't ripe with fraud, get rich quick schemes, and the same general predatory behaviors found in our systems with intermediaries yet lacking the ability for the common user to have some ability to recover when things go wrong. Alas, such a thing does not exist. ;P

Those problems exist with physical cash. Why should I care that other people engage in fraud with the same currency that I'm using for a legal transaction? Why should I care that other people engage in get rich quick schemes with the same currency that I'm using for a legal transaction?

Legal cash is not the thing being discussed here, you don't need to shift the goalposts. ;P

Re: Don't Use Stripe

#132

Post by scrollaway »

hansworst wrote: post #16
qqtt wrote: post #7

You can find similar stories about literally all online payment processors, including Paypal, Stripe, & all the "legacy" ones too (like First Data). Is it possible this isn't some nefarious conspiracy to steal money, but rather a reality of dealing with payments online given the regulatory environment it operates in? Also this is the biggest season for sales and tech companies in general are dealing with navigating a…

Pretty sure those other processors at least have phone numbers you can call.

So does Stripe. I've talked to Stripe humans over the phone for multiple accounts probably dozens of times.

Sometimes even, I send an email and they respond by phone.

Re: Don't Use Stripe

#133

Post by scrollaway »

linuxhansl wrote: post #23

Whatever the backstory of this particular incident is... It's clear that Stripe, Paypal, et al need to be regulated like a bank. Period. If it looks like duck...

Why would Stripe need to be regulated "like a bank"? It's a payment processor.

It handles money. You're not supposed to keep money IN it, not for very long anyway. It's a path, not a destination.

Paypal is different. They are b2c and heavily advertise their wallet service. They have crypto and ways to earn interest off of it. They upsell insurance and credit cards.

How are they comparable?!

Re: Don't Use Stripe

#134

Post by scrollaway »

pcdoodle wrote: post #115

The fact that this is flagged is pure evidence that the PR shills have infested HN.

It's flagged because it's a fake, spam story (as evidenced by other comments). But even if it weren't, there are obvious tells that it's not real.

You can easily and quickly reach Stripe support. They don't really do robot responses; their support has worsened in recent years but talking to humans there is not difficult.

Furthermore, you have utter nonsense like this:

> Stripe is taking advantage of a lack of regulation in this space to steal small merchant's large transactions. They see a big, outlier transaction and lick their chops, hiding behind KYC and "Fraud prevention" To hold your money indefinitely.

1. There is a TON of regulation in the space. That is why transactions get flagged in the first place.

2. Stripe cannot legally TOUCH that money. It's frozen, but it's absolutely not Stripe's, and that specifically is why I flagged the post.

3. The idea that Stripe "licks its chops" at a 3k usd transaction is so idiotic it deserves its own spot on the farm.

Really, how do you fall for this? I remember years ago, this hope that the current generations are growing up on technology and won't fall for the nigerian prince scams like grandma does.

Re: Don't Use Stripe

#135

Post by 6510 »

scrollaway wrote: post #130
6510 wrote: post #60

Earlier quoted context omitted.

Not sure what you mean with "You can find"? I'm not the one making the claims? > reality of dealing with payments online given the regulatory environment it operates in? In my book not having a phone number and not attempting to answer and resolve the issue isn't "dealing with it". That would be not dealing with something. I was curious and looked at some. 2C2P 02-026-3000 Adyen - no phone Alipay +65 68307260 Amazon…

Most of those are sales numbers not support.

I think at least some of them but to say "most" one would have to do the work.

How many calls before the sales department would take legal action against me? Would they talk with support first?

Re: Don't Use Stripe

#136

Post by BerislavLopac »

15155 wrote: post #58
mosselman wrote: post #54

Earlier quoted context omitted.

Isn't primer then the single point of failure?

I know nothing about the product, but I would be surprised if some federation service had the same financial liabilities (just offering software) as a payments processing company underwriting transactions.

Precisely. If it fails, it's possible to replace its integration by manually adding one or more of the payment processors directly; but it never holds your money itself, unlike PayPal or Stripe.

Re: Don't Use Stripe

#139

Post by roguesupport »

Mikeb85 wrote: post #45
roguesupport wrote: post #14

Earlier quoted context omitted.

Yes, it's CLEAR you are not a lawyer. They consented when they signed up. Read the terms. They have NO liability.

The fact something is in a contract doesn't make it legal or enforceable.

Yes. It DOES.

In fact there is case law that confirms that.

That's what consent IS.

Re: Don't Use Stripe

#140

Post by roguesupport »

linuxhansl wrote: post #26
roguesupport wrote: post #14

Earlier quoted context omitted.

Yes, it's CLEAR you are not a lawyer. They consented when they signed up. Read the terms. They have NO liability.

That does not absolve them from abiding to applicable law.

The contract IS the "applicable law".
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