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Update: Stripe is holding over $400k of mine with no explanation [resolved]

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Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#141

Earlier quoted context omitted.

in what jurisdiction would you file that police report? if you are not in the same town as their offices, where are the local police going to go to "investigate"? this is clearly a matter across state lines, so it's an FBI issue. at least get your LEA correct when making non-sense posts like this. it's the least you could do. I don't even know if FBI is the correct agency either though, so there's that bit of info fr…

> "in what jurisdiction would you file that police report?" If I had to guess? File it in your state and it'll get routed from there. Or how about you literally ask the police this exact question? > "at least get your LEA correct when making non-sense posts like this" I think you're over complicating this, but you sound like you might know better so... The police is a sensible starting point, from which you as a citi…

I think the point is that there is no indication of a crime. Your local police will just laugh. Maybe suggest you talk to a lawyer about possible law suits or maybe a complaint with your state's AG.

However, you'll find in your ToS contract that they tell you they can/will suspend your account for suspicion of fraud or other activities. Just because they suck at explaining themselves is not a crime according to the law. Otherwise, so many companies would be breaking the law.

It's so easy to react emotionally to things when they affect your livelihood, but rarely does that actually help the situation.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#142
post #99

Earlier quoted context omitted.

After 5 days of trying to get my bank account at Revolut unblocked so I could pay my rent with the cash locked up in it, having chatted with maybe 5 representatives, waited for hours each time (their only official contact channel was in-app chat and you had to wait hours for a response), got told "since you are not replying I'm closing this chat" a couple of times in the middle of the night while I was asleep having…

Frontline support is oftentimes outsourced to firms like Arise Virtual Solutions [1] and workers typically have very little authority to escalate or fix more complex issues. Social media people usually have channels to marketing and other teams and are explicitly instructed to escalate the "trending" cases [1] https://www.propublica.org/article/meet-the-customer-service...

Well, that's the explanation, and yeah, most people here knew it already.

But every thing with that is wrong. That part in particular "workers typically have very little authority to escalate or fix more complex issues" is a plain and straight refusal to solve any problem the company may cause.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#143
post #78

This reminds me of an issue my sister is having with Etsy. She runs an Etsy store with $1-2 million in annual sales, and her store keeps getting taken down by Etsy's automated copyright infringement system -- which keeps getting triggered by someone submitting fraudulent copyright claims and then immediately asking her to pay $5k/month in exchange for the person to stop submitting the infringement claims (in other wo…

That is extortion.

Your sister should contact the FBI, as it is unlikely that she is the scammers' only target, and this crime likely crosses state (or international) borders.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#144
post #5

I'm glad your issues were sorted, but I'm uncomfortable with the idea that you need to make a social media post to get a customer service issue resolved. This isn't just stripe. I see this with many other companies on social media. I don't post on Twitter, and I'd rather not put my account details for some service I use in a public forum. It's starting to seem like for too many companies, resolving public complaints…

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Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#145

Earlier quoted context omitted.

Hmm. It is an interesting question. Personally, this is one of the things I credit Amazon with ( "removing friction","customer obsession" ). Whether I call, chat or send an email, the result is a consistent and decent customer service that can get stuff done ( and where it can't, it can escalate to those that can ). I am not sure you should equate me signing up for a 3rd party broker not only accepted, but a given. I…

> I personally do not believe it is old fashioned to have your business reachable by phone You can reach them by phone, but it's not the way things are commonly done, so you're going to get suboptimal results. You can also mail them a letter (the snail mail kind), but I expect you'll receive even poorer results than by phone doing so given that it is even less common to conduct business by mail. For better or worse t…

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Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#146
If you are doing any sort of volume on CC's you should setup your own merchant agreement with a bank, and do your own CC processing. That way you are not beholden to Stripe(or any other) CC processing merchant agreement.

Yes, the paperwork is misery and it's a process, but one should do it anyway. This gives you a much, much better chance of not having issues like this and if/when issues DO come up, you have a legal agreement in place and a large bank used to dealing with them in a timely manner, with real humans that can fix stuff, if even only temporarily.

Also, you can always go back to doing transactions with Stripe as a backup if need be.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#147
post #99
post #5

I'm glad your issues were sorted, but I'm uncomfortable with the idea that you need to make a social media post to get a customer service issue resolved. This isn't just stripe. I see this with many other companies on social media. I don't post on Twitter, and I'd rather not put my account details for some service I use in a public forum. It's starting to seem like for too many companies, resolving public complaints…

After 5 days of trying to get my bank account at Revolut unblocked so I could pay my rent with the cash locked up in it, having chatted with maybe 5 representatives, waited for hours each time (their only official contact channel was in-app chat and you had to wait hours for a response), got told "since you are not replying I'm closing this chat" a couple of times in the middle of the night while I was asleep having…

I had a similar issue with revolut - there is zero ability to contact them if you can't login to your account, after a week of abusing business sign-up to not get any useful response I filed a complaint with the financial regulator, within a few hours of them receiving it they magically called me and resolved it there and then. (I don't have a Twitter account or anything) Also, that complaint will stay on file and guides the regulator when reviewing licenses etc down the road so you should also file them as a matter of course- they would prefer social media because they don't have to answer to authorities about their behaviour.

But either way I don't use them anymore as they're just not reliable in a situation where you might be stranded etc.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#148
post #59

Nov 28: Cyber Monday my business had a sale that spiked our revenue on that day. I believe this is what kicked off this whole thing. I believe that Stripe has automated systems in place to put accounts into review when something like this happens. I have no problem with that, and understand there are anti money laundering laws that they need to abide by. Nov. 29: I received an email from Stripe that 6 of our accounts…

Is having a spike of sales on Cyber Monday such an unusual situation? How many Stripe accounts get locked on Cyber Monday, Black Friday...?

There are pretty clearly a bunch of middle managers at Stripe making decisions around policies (gutting the ability of workers to actually get work done without excessive oversight) and staffing (running right to the bone for most of the year) which are not sufficient to handle Q4 processing.

And they're probably making a nearly conscious decision that a HN thread like this every now and then is acceptable amounts of bad PR. They'll probably do this to someone else again next year.

It would be nice if "doing a good job" was a core competency of what management culture in the US strived for, but that just isn't the actual game. It is all about maximizing profit for this quarter/year.

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#149

Lots of posts here along the lines of "it's not good when you need to resort to social media shaming to get customer support", but I'll take the contrarian view, or at least explain why this dynamic exists. The past 20 years has seen an explosion in Internet services, but a fundamental (often unspoken) quality of these services is that they must keep individualized customer support costs very low in order to be profi…

I worked at a Very Large Financial Company, doing a lot of internal automation type stuff. The cost per customer interaction was very high (we didn't really outsource many things on that side due to regulations needing Series 6/7/etc). Sending mail, receiving a piece of mail, getting a phone call from a customer, all of those really cost a lot of money, and reducing those volumes, and lowering the cost were a huge dr…

But doesn’t it take up more time (and hence money) to have a customer not be helped and keep emailing/chatting/calling/mailing repeatedly? Wouldn’t fixing the problem in the first place reduce overall costs?

Re: Update: Stripe is holding over $400k of mine with no explanation [resolved]

#150
Seeing stories like this makes me very averse to the idea of running a business myself.

I don’t mind the idea of trying and failing because the market isn’t there or my execution sucks, but trying and having my earnings be trapped in an algorithmic black hole with no customer support - no thank you. I don’t think there’s any other kind of business interaction that works in this way.

Eg, I can’t imagine one day waking up to my electric company unplugging my house and refusing to talk to me ever again.

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