Stripe is no longer a suitable payment processor

#1

Post by Redhill » Wed, Aug 02, 2023, 5:06 AM UTC

Yes, I said it, Stripe is no longer a suitable payment processor unless you're a medium to huge sized company to which you have some weight in what you say. small business owners who clearly have good standing to which stripe has held funds, blocked and shutdown accounts (including my own) are all complaining.. there is a clear pattern here -> https://uk.trustpilot.com/review/stripe.co.uk?stars=1 https://www.sitejabber.com/reviews/stripe.com

They might as well only accept huge companies only because they're surviving off their top 10, their support is terrible, the fraud detection is terrible and when you make a decent amount of sales they will shut down your account. I urge you to try it yourself on a newly made account, guarantee you run into some problems, stripe is 2023 is a joke

Re: Stripe is no longer a suitable payment processor

#2

Post by rvz » Wed, Aug 02, 2023, 5:21 AM UTC

This.

It is only going to get worse and it will be no better than PayPal. Just noticed a rise in complaints about Stripe on this site.

We’ll see how far this Stripe customer support and complaints center goes on HN.

Seems like the priority is clearly greed over its own users in Stripe.

Re: Stripe is no longer a suitable payment processor

#3

Post by tobinfekkes » Wed, Aug 02, 2023, 5:26 AM UTC

Amen. Been saying this for years!

Currently moving one large and one small business off Stripe for these exact reasons.

Re: Stripe is no longer a suitable payment processor

#4

Post by EGreg » Wed, Aug 02, 2023, 5:27 AM UTC

What is the alternative to these large corporations? I will try to say it again… Web3. Easy to integrate as an option, start accepting payments worldwid, and you can never get deplatformed and your funds won’t be frozen. Why not?

Over and over I see HN complain about enshittification of the latest large platform, but also somehow many people knee-jerk downvote anything about the decentralized alternatives because they don’t want them to catch on. So then… enjoy the enshittification I guess?

“Something something we have to vote for our government to do something”. I think we can just build open source decentralized alternatives to all this stuff.

Re: Stripe is no longer a suitable payment processor

#5

Post by anon373839 » Wed, Aug 02, 2023, 5:28 AM UTC

What's the best alternative? Currently working on an MVP and the horror stories have really put me off Stripe.

Re: Stripe is no longer a suitable payment processor

#6

Post by anon373839 » Wed, Aug 02, 2023, 5:32 AM UTC

EGreg wrote: post #4

What is the alternative to these large corporations? I will try to say it again… Web3. Easy to integrate as an option, start accepting payments worldwid, and you can never get deplatformed and your funds won’t be frozen. Why not? Over and over I see HN complain about enshittification of the latest large platform, but also somehow many people knee-jerk downvote anything about the decentralized alternatives because the…

I think the issue would be that you need to offer payment methods that your customers trust and will use. Does Web3 satisfy that need?

Re: Stripe is no longer a suitable payment processor

#7

Post by Moldoteck » Wed, Aug 02, 2023, 5:34 AM UTC

EGreg wrote: post #4

What is the alternative to these large corporations? I will try to say it again… Web3. Easy to integrate as an option, start accepting payments worldwid, and you can never get deplatformed and your funds won’t be frozen. Why not? Over and over I see HN complain about enshittification of the latest large platform, but also somehow many people knee-jerk downvote anything about the decentralized alternatives because the…

My parents, which represent an average person nowadays, do know how to put card data into a site to pay something. What they don't know is how to pay with crypto, even more- for them cryptocoins= automatic scam. Web3 can be a nieche solution for some nieche ppl, but I don't see how it can become mainstream now, as a business you anyway need a classic payment processor bc too few ppl know what is crypto and how to use it

Re: Stripe is no longer a suitable payment processor

#8

Post by sturza » Wed, Aug 02, 2023, 5:39 AM UTC

> This is enshittification: Surpluses are first directed to users; then, once they're locked in, surpluses go to suppliers; then once they're locked in, the surplus is handed to shareholders and the platform becomes a useless pile of shit

Re: Stripe is no longer a suitable payment processor

#9

Post by netapy » Wed, Aug 02, 2023, 5:41 AM UTC

I've been using it for 2 years (small, France based businesses) and never had any issue – though I've also heard some horror stories.

Re: Stripe is no longer a suitable payment processor

#10

Post by EGreg » Wed, Aug 02, 2023, 5:45 AM UTC

anon373839 wrote: post #6

EGreg wrote: post #4

What is the alternative to these large corporations? I will try to say it again… Web3. Easy to integrate as an option, start accepting payments worldwid, and you can never get deplatformed and your funds won’t be frozen. Why not? Over and over I see HN complain about enshittification of the latest large platform, but also somehow many people knee-jerk downvote anything about the decentralized alternatives because the…

I think the issue would be that you need to offer payment methods that your customers trust and will use. Does Web3 satisfy that need?

USDT, USDC, Ethereum, Bitcoin are trusted round the world. It’s not like the latest memecoin garbage