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Stripe is no longer a suitable payment processor

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11–20 of 145 posts

Re: Stripe is no longer a suitable payment processor

#11
post #10

Earlier quoted context omitted.

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

Most people outside of circles like this one have never heard of Ethereum, let alone USDT or USDC, and when they hear Bitcoin, they think "risky" or "scam". If your product or service is specifically aimed at tech enthusiasts and you take pains to make it easy, maybe you could get away with accepting payments only in crypto (though I doubt it), but otherwise there's no way.

Re: Stripe is no longer a suitable payment processor

#12
post #10

Earlier quoted context omitted.

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

None of these are actually trusted by the general population. The average person has never even heard of USDT and USDC and barely knows what the other 2 are.

Re: Stripe is no longer a suitable payment processor

#13
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…

> Why not?

- Transaction fees

- Transaction times

- KYC

- refunds

Just off the top of my head

Re: Stripe is no longer a suitable payment processor

#19
post #12
post #10

Earlier quoted context omitted.

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

None of these are actually trusted by the general population. The average person has never even heard of USDT and USDC and barely knows what the other 2 are.

So excluding crypto/web3 for the above reasons, does anyone have recommendations for non stripe mostly us friendly solutions?

Re: Stripe is no longer a suitable payment processor

#20
Do you actuality have a particular issue to raise though? Why was your account shut down?

> when you make a decent amount of sales they will shut down your account

I mean they do give you some explanation, right? It might not be super clear (it sometimes can't due to laws) but it's not "you are now processing much volume, goodbye". That's just not in Stripe's interest at all and assuming that high volume alone is the reason is not helpful.

What happens is likely that only after a certain amount of volume review processes get kicked off. So it's perceived as some form of injustice when often the issue is fundamentally with the business or failure to comply with requirements, and other PSPs might not even let you use them in the first place.

Personally I think there should maybe be earlier vetting to avoid this (as it's bad UX for those users) but it does come at the cost of having bad initial get-started UX for the vast majority of users that can be supported.

Those won't go and complain anywhere. So really, just stating "Stripe shut down our account, bad Stripe" isn't helping anyone and it isn't helping you either because nobody will be able to give you advice.

Their support getting worse I understand. I do think there are cases that could be turned around without having to resort to social media.

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