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I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1] 1. https://stripe.com/restricted-businesses https://stripe.com/

I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1] 1. https://stripe.com/restricted-businesses https://stripe.com/restricted-businesses

ianai 7y ago
Sure, but after having all that infrastructure and resources built up an expansion should be easier than starting at zero.
- faitswulff 7y ago
  Stripe is kind of analogous to a utility company here. They're an upstream provider. They don't care about what "infrastructure and resources" you've built. If you break the terms of service, they will cut you off, just like if you don't pay for your gas/electric you will quickly find yourself with a non-functional home, regardless of how fancy it is.
  - paulkon 7y ago
    Is Stripe forced to do this because of their upstream provider ToS, Well's Fargo?
    - cmdshiftf4 7y ago
      Does it matter? It's a private business, they can do what they want, right?
      - calvinmorrison 7y ago
        Eh it's kind of relevant. I worked at a high end tobacco sales company and we were limited to a few payment providers due to selling tobacco online. This amounted to using a very second tier provider. Also PayPal would flag anything with the words Cuba in it. So many cigars use the word Cuba, and we didn't sell those. Annoying at best, but at worse we had more frequent downtimes because our payment gateway wasn't close to reliable.
    - freewilly1040 7y ago
      Very likely (I work for a payments co and many of our rules are pass throughs from Visa)
    - disillusioned 7y ago
      Yes. Have had the fun experience of being specifically de-platformed from Stripe because someone at Wells Fargo objected to what we were selling, despite having received Stripe's approval. (This was after several million dollars had run through Stripe, so it obviously caught someone's attention.) Ridiculous, the idea that Wells fucking Fargo is some sort of paragon of virtue.
  - ianai 7y ago
    Yeah I mean to build out whatever necessary to move away from Stripe and process payments internally.
    - munchbunny 7y ago
      That requires orders of magnitude more capital/work than what got the app to where it is. At that scale whatever this app already has built is irrelevant. Not to say this app isn’t valuable, because it is, but that you don’t just build your own payment processor.
      - faitswulff 7y ago
        To extend the analogy further, that's like saying "I'll just build my own electricity company" when they cut your power.
        rscherf 7y ago
        Thought about this so many times with domain registrars. I’m content not being a huge company. Way simpler.

I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1] 1. https://stripe.com/restricted-businesses https://stripe.com/restricted-businesses

ianai 7y ago

Sure, but after having all that infrastructure and resources built up an expansion should be easier than starting at zero.

faitswulff 7y ago
Stripe is kind of analogous to a utility company here. They're an upstream provider. They don't care about what "infrastructure and resources" you've built. If you break the terms of service, they will cut you off, just like if you don't pay for your gas/electric you will quickly find yourself with a non-functional home, regardless of how fancy it is.
- paulkon 7y ago
  Is Stripe forced to do this because of their upstream provider ToS, Well's Fargo?
  - cmdshiftf4 7y ago
    Does it matter? It's a private business, they can do what they want, right?
    - calvinmorrison 7y ago
      Eh it's kind of relevant. I worked at a high end tobacco sales company and we were limited to a few payment providers due to selling tobacco online. This amounted to using a very second tier provider. Also PayPal would flag anything with the words Cuba in it. So many cigars use the word Cuba, and we didn't sell those. Annoying at best, but at worse we had more frequent downtimes because our payment gateway wasn't close to reliable.
  - freewilly1040 7y ago
    Very likely (I work for a payments co and many of our rules are pass throughs from Visa)
  - disillusioned 7y ago
    Yes. Have had the fun experience of being specifically de-platformed from Stripe because someone at Wells Fargo objected to what we were selling, despite having received Stripe's approval. (This was after several million dollars had run through Stripe, so it obviously caught someone's attention.) Ridiculous, the idea that Wells fucking Fargo is some sort of paragon of virtue.
- ianai 7y ago
  Yeah I mean to build out whatever necessary to move away from Stripe and process payments internally.
  - munchbunny 7y ago
    That requires orders of magnitude more capital/work than what got the app to where it is. At that scale whatever this app already has built is irrelevant. Not to say this app isn’t valuable, because it is, but that you don’t just build your own payment processor.
    - faitswulff 7y ago
      To extend the analogy further, that's like saying "I'll just build my own electricity company" when they cut your power.
      - rscherf 7y ago
        Thought about this so many times with domain registrars. I’m content not being a huge company. Way simpler.