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About the network they are quite clear right upfront. > "Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensur
by vishnugupta 8y ago
About the network they are quite clear right upfront.
> "Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases"
As for the rules I guess the business needs needs to adhere to the rules of whichever country it operates out of. Don't see Stripe helping there. They have built the roads, it's upto the driver to procure valid license.
- ikeboy 8y agoThat literally gives zero information about whether it's processed as debit or credit. There are very different sets of rules depending on which one it is.
- lachyg 8y ago(I work on Issuing.) The technology we've built is agnostic to debit or credit -- it really depends on your use case. That said, force posts (or transactions cleared without an underlying authorization) can happen on any card type. For what it's worth, we have an API to initiate disputes (which you would be able to on a transaction initiated without a valid authorization) which you could use to recoup funds.
- ikeboy 8y agoSo who determines whether it's run as debit or credit? The business creating the card at time of creation? The merchant?
- lachyg 8y agoWe do :-) But it's based on quite precise Visa / Mastercard rules.
- ericpauley 8y agoIs this determined as issuance time or purchase time?
- VectorLock 8y agoCan you expound a bit on what the rules are? In my observation debit issuers make it much harder to do chargebacks.
- ikeboy 8y agoMany protections in laws only apply to credit. See e.g. https://consumercomplianceoutlook.org/2016/first-issue/credit-debit-card-issuers-obligations-consumers-displute-transactions/ https://consumercomplianceoutlook.org/2016/first-issue/credi... https://usa.visa.com/dam/VCOM/download/about-visa/visa-rules-public.pdf https://usa.visa.com/dam/VCOM/download/about-visa/visa-rules... here's a 1031 page document with all the technical rules from Visa. You'll note there are entirely different sections for debit and credit.