3 ms·

or learn to do proper due diligence and stop blanket blocking what could be very profitable clients.

• PeterisP 10y ago
  Proper due diligence is expensive, it may easily be a smart business decision to choose a blanket ban on a minority of segments and leave the due diligence to businesses who can specialize on doing that cheaply and accurately. The article explicitly gives multiple examples where they have accepted businesses from those risky categories after proper due diligence. However, it's quite likely that for Stripe it makes sense to do so only for businesses above a certain size or influence, not for everyone in the category who applies.
  • deftnerd 10y ago
    If proper due diligence is expensive, let the merchant pay the fee for it.