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Don’t use Stripe. I am trying to save you from my mistake

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Re: Don’t use Stripe. I am trying to save you from my mistake

#7
post #4

I feel like we saw this exact story before. IIRC the guy sold a company truck or van.

It does sound exactly like that. Guy sold a van, but his business codes we completely unrelated to that type of transaction so it got flagged. It wouldn't surprise me if that was a common Stripe issue considering how easy and contact free it is to get started.

Re: Don’t use Stripe. I am trying to save you from my mistake

#10

  > I used Stripe for about a year to run a small cell phone store in Denver
  > [...] All of a sudden, we run a charge for $3300 because our primary
  > processor in my business was down,
This is the same story as https://news.ycombinator.com/item?id=32261868, even with identical wording. Interesting that it's posted by a different Reddit and HN account.

During the discussion it came out that this cell phone store used their Stripe account to sell a used vehicle[0], which is the sort of unusual activity that makes every regulated financial services company sit up and pay attention. A common risk mitigation is for the payment processor to hold the money in escrow until after the dispute period.

[0] https://news.ycombinator.com/item?id=32264886

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