Cautionary Tale: Stripe force-closed my 9 year account

  • Yet another post complaining about Stripe's policies while being vague about the nature of their business. It's a meme at this point.

  • > This is after I've made drastic changes that help reduce chargebacks

    You may not have reduced them enough to be eligible for service by Stripe. Chargebacks are a really nasty problem and no business is large enough for Stripe to risk their own: they are obliged to kick you off if you can't stay under a certain chargeback rate. The same goes for any other PSP.

  • Hey Joe—what's your business's domain? I can't find any details via your profile other than cachoid.com which doesn't resolve for me.

  • Did you know that Visa's fees are in the single digit cents for 100 USD[1] ? All other fees are from banks and merchant services.

    [1] Statement from Visa executive on Swiss television. https://www.srf.ch/play/tv/eco-talk/video/verschwindet-das-b...

  • i may be wromg, but I am just going to say whats on everyones mind; Seems a bit sus you want to bash a business without persuing legal remedy, publiclly, but not disclosing your own business.

  • Do you sell to businesses? I.E., b2b ot b2c?

  • Tell HN:

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