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Flurly has been shut down by Stripe

flurly.com

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Re: Flurly has been shut down by Stripe

#4

Post by anigbrowl »

It seems a little unfair to blame Stripe here. Per their communication, the site has been assessed as selling illegal merchandise and is subject to a $425k fine by the payment card issuers, despite Stripe's efforts to dispute the issue on behalf of their client. It's not clear to me whether this is the first that Flurly has heard about the issue or represents the last stage of an ongoing story, which Flurly's users were unaware of until now.

Re: Flurly has been shut down by Stripe

#6

Post by duskwuff »

anigbrowl wrote: post #4

It seems a little unfair to blame Stripe here. Per their communication, the site has been assessed as selling illegal merchandise and is subject to a $425k fine by the payment card issuers, despite Stripe's efforts to dispute the issue on behalf of their client. It's not clear to me whether this is the first that Flurly has heard about the issue or represents the last stage of an ongoing story, which Flurly's users w…

FWIW, the site mentioned by Flurly (newsawp.com) looks like a dressed-up web spam tool. And that's assuming that it wasn't a front for something else.

Re: Flurly has been shut down by Stripe

#7

Post by adrr »

anigbrowl wrote: post #4

It seems a little unfair to blame Stripe here. Per their communication, the site has been assessed as selling illegal merchandise and is subject to a $425k fine by the payment card issuers, despite Stripe's efforts to dispute the issue on behalf of their client. It's not clear to me whether this is the first that Flurly has heard about the issue or represents the last stage of an ongoing story, which Flurly's users w…

Stripe is on the hook for that $425k as well because it is their merchant account use to process transactions. If they don't pay it, card brands will cut them off.

This why stripe is quick to ban merchants.

Re: Flurly has been shut down by Stripe

#8

Post by wyager »

anigbrowl wrote: post #4

It seems a little unfair to blame Stripe here. Per their communication, the site has been assessed as selling illegal merchandise and is subject to a $425k fine by the payment card issuers, despite Stripe's efforts to dispute the issue on behalf of their client. It's not clear to me whether this is the first that Flurly has heard about the issue or represents the last stage of an ongoing story, which Flurly's users w…

If the linked post is truthful, the issue here is the absolute opacity of the process and the fact that this "assessment" by the credit card network (I notice you used the passive voice "been assessed" - why?) seems very questionable.

I would certainly not trust stripe to effectively "dispute the issue on behalf of their client", based on experiences some of my friends have had with stripe. More likely, stripe just folded instantly upon receiving some automated nastygram from the CC issuer.

Re: Flurly has been shut down by Stripe

#9

Post by ketralnis »

livinglist wrote: post #2

Let this be another lesson of relying on third party software completely.

These smarmy toldyouso comments always appear on these kinds of issues but the "third party software" here is... the global financial system. Stripe booted them because the credit card networks booted them because the US legal system booted them for dealing in illegal transactions. There isn't really an alternative to the root cause here. (Unless you're a bitcoin zealot in which case spare me.)
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