I don't understand. Didn't he use Stripe Connect? All the accounts are then siloed out and have to pass KYC. Is it just because he let them keep selling knowing full well that they are doing something sketch?
Flurly has been shut down by Stripe
61–69 of 69 posts
Re: Flurly has been shut down by Stripe
#62I don't understand. Didn't he use Stripe Connect? All the accounts are then siloed out and have to pass KYC. Is it just because he let them keep selling knowing full well that they are doing something sketch?
From the Stripe response upthread, it sounds like they weren't using Connect, just vanilla Stripe.
Re: Flurly has been shut down by Stripe
#63It is so weird to see multiple typos in form emails sent to Stripe customers. https://flurly.com/images/stripe-email-1.png Seriously, does anyone proof read this stuff?
On the bright side, you know you're at least dealing with a human.
Re: Flurly has been shut down by Stripe
#64Those 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.
Thank you for the explanation of what MATCH is, I guessed something similar but had no idea about the five year rule.
Re: Flurly has been shut down by Stripe
#65Those 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.
You'd think if people were selling illegal products they'd be a little more subtle with their product descriptions? Might as well write "definitely drugs, 1.5 grams".
Re: Flurly has been shut down by Stripe
#66I don't understand. Didn't he use Stripe Connect? All the accounts are then siloed out and have to pass KYC. Is it just because he let them keep selling knowing full well that they are doing something sketch?
From the Stripe response upthread, it sounds like they weren't using Connect, just vanilla Stripe.
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Re: Flurly has been shut down by Stripe
#67I don't understand. Didn't he use Stripe Connect? All the accounts are then siloed out and have to pass KYC. Is it just because he let them keep selling knowing full well that they are doing something sketch?
In Flurly's blog post, Flurly said the legacy payouts used stripe connect and other methods. And from Stripe (Edwin's) reply above, it sounds like Edwin is implying that this particular situation did not use Stripe connect.