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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

#51

Post by duskwuff »

MrDunham wrote: post #45

From the original Show HN[1] a commenter wrote: """ As an intermediary in 2020, you're likely to see a lot of people target you in various ways because they don't like things that people are using your platform for. They may threaten you with lawsuits, complaints to law enforcement, boycotts, DDoS, trying to get your payment relationships cut off, trying to get your other platform providers to cut you off, etc. If yo…

Heh, and similarly:

> I don't have digital content to sell, so I have no stake here whatsoever, but this response seems concerning. I have no problem with startups building a functional prototype without getting an army of lawyers involved. But you should then have a good gut sense that you're doing something that's pretty safe. This business model, as broad as it's positioned, clearly isn't. How can that ever be so much of an afterthought as here demonstrated? Does that also mean that the pricing is based on not factoring in the risk (penalties, legal costs) of selling copyrighted or restricted materials? Does it factor in the moderation that needs to happen?

-- https://news.ycombinator.com/item?id=25485294

Re: Flurly has been shut down by Stripe

#52

Post by charlieyu1 »

brookst wrote: post #38
ilaksh wrote: post #19

This makes me consider using cryptocurrency for payments on my SaaS. The one I am most familiar with is not popular (instant downvote on HN) so I won't mention it. But anyway with a cryptocurrency, at least I know that no one is going to "shut down my account" or some nonsense like that.

I’m assuming this is brilliant humor and not actually proposing crypto as safer for merchants. At least with Stripe you don’t have to worry about someone shutting down your currency .

I don't think it is possible to be shut down if you only accept a few established coins like BTC/ETH.

Re: Flurly has been shut down by Stripe

#53

Post by duskwuff »

thallium205 wrote: post #49

Those clients weren’t “grandfathered”. You were processing payments for sketchy businesses that couldn’t possibly pass Stripe’s onboarding process through Connect under your merchant id. This payment aggregation is, of course, against card network rules so you got fined and placed on MATCH.

Ooh, interesting point. I can't find Newsawp listed anywhere on archived copies of Flurly's "discover" page, e.g.

https://web.archive.org/web/20221208201631/https://flurly.co...

But there are some incredibly suspicious "products" listed, like "Creditcardpayment", which makes me suspect that some clients were using Flurly as a generic payment gateway, or that Flurly was processing other payments under the table.

Re: Flurly has been shut down by Stripe

#54

Post by fragmede »

thallium205 wrote: post #49

Those clients weren’t “grandfathered”. You were processing payments for sketchy businesses that couldn’t possibly pass Stripe’s onboarding process through Connect under your merchant id. This payment aggregation is, of course, against card network rules so you got fined and placed on MATCH.

MATCH, for those outside the industry, is run by Mastercard as deny list, which means NO credit card processor is allowed to take you on as a merchant. It stands for Member Alert to Control High-Risk Merchants, and if you get on this list, you can't accept credit cards for five years.

Re: Flurly has been shut down by Stripe

#55

Post by diazc »

pfsalter wrote: post #36
diazc wrote: post #12

Earlier quoted context omitted.

> What exactly do you think the alternative is? crypto? I was able to send the USDC stablecoin to a business accepting crypto with Coinbase Commerce just fine and transaction was very quick. I can see that even Stripe is getting involved in crypto as well.

Good luck trying to turn that USDC back into dollars without significant tax implications, and definitely good luck trying to get your customers to use USDC instead of a credit card

> ...good luck trying to get your customers to use USDC instead of a credit card

It's already happening and Stripe, Coinbase, Stellar, Shopify, Woocommerce, and Moneygram are already using USDC in the real world.

Re: Flurly has been shut down by Stripe

#58

Post by brookst »

charlieyu1 wrote: post #52
brookst wrote: post #38

Earlier quoted context omitted.

I’m assuming this is brilliant humor and not actually proposing crypto as safer for merchants. At least with Stripe you don’t have to worry about someone shutting down your currency .

I don't think it is possible to be shut down if you only accept a few established coins like BTC/ETH.

Parent implied some fringe coin. But even BTc you have to worry about your custodial wallet.

Re: Flurly has been shut down by Stripe

#59

Post by WirelessGigabit »

version_five wrote: post #32

The weirdest thing to me is that this is happening though emails. Are there also account reps or something that call and discuss with customers? Business is business and I understand from the post that this appears to be out of Stripe's hands and consistent with agreed upon terms. It's still pretty weird to me to communicate it in a form looking email message though. I would personally not want to trust large amounts…

How else? Calls? What if no-one picks up?

Mail? How do ensure it gets to the person needed?

Email is basically the fastest way to spread the knowledge that they are REQUIRED by their providers to shut you down.

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