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How are we a "high risk" merchant when our business is not different from Truebill.com (subscription tracking) and Ramp Inc (spend management) a company Stripe

How are we a "high risk" merchant when our business is not different from Truebill.com (subscription tracking) and Ramp Inc (spend management) a company Stripe recently invested in? The cynical me says there is your answer right there. You are a bit to close to something Stripe invested in, or at least close enough to something they will offer as a service soon.

meylis 5y ago
It makes sense. They (stripe) want to get the biggest part of a cake and destroy small businesses. Such morones.
- logicchains 5y ago
  >Such morones. Does that mean morons? From their perspective, it's a smart thing to do, if they can get away with it. Or does it mean like "such big balls?".
  - Y_Y 5y ago
    At least in Spanish "morones" are little hills.
- Sebb767 5y ago
  If they wanted the biggest part of the cake, the should keep the small businesses next to their own. The know their competitors and, in the case of them failing, they'd still be on the winning side. As the saying goes, to make money in a gold rush, sell pickaxes.
r_singh 5y ago
That's a ridiculous reason for blocking their account though. Is everyone learning from the best (cough Amazon)?
- sschueller 5y ago
  It would also be illegal but going to court costs a lot of money.
- marcinzm 5y ago
  >Is everyone learning from the best (cough Amazon)? You mean learning from the 5th highest market cap company? Isn't that sort of expected? The question you should ask if why the government doesn't step in since companies will do what they can to optimize stock price.
  - soco 5y ago
    I'm afraid the answer to that question is called "lobby".
    - adventured 5y ago
      If that actually worked as some people think it does, the corporate income tax rate would be 0%, there would be no labor laws, no OSHA, no EPA, and so on.
deleted 5y ago
[deleted]
oefrha 5y ago
Or, alternatively, the business (issuing virtual credit cards to consumers, seemingly worldwide) is pretty different from truebill.com (subscription tracking, yes, but doesn't issue cards, AFAICT) or Ramp (issues corporate cards instead of consumer cards, where I would assume there's a bit more due diligence). https://justuseapp.com/free-trial-card https://justuseapp.com/free-trial-card claims that one of their main selling points is > Access the American market > Our credit card comes with a U.S. billing address, so you can unlock features restricted to the U.S or Western markets especially if you don't live there. Isn't this just straight up fraud? Admittedly I'm not familiar with any of the services mentioned, so correction is welcome.
Razengan 5y ago
So much for alternative payment processors being the messiahs to deliver us from the draconian fisting of Apple. Well at least PayPal has a spotless history of treating their users nicely.

meylis 5y ago

It makes sense. They (stripe) want to get the biggest part of a cake and destroy small businesses. Such morones.

logicchains 5y ago
>Such morones. Does that mean morons? From their perspective, it's a smart thing to do, if they can get away with it. Or does it mean like "such big balls?".
- Y_Y 5y ago
  At least in Spanish "morones" are little hills.
Sebb767 5y ago
If they wanted the biggest part of the cake, the should keep the small businesses next to their own. The know their competitors and, in the case of them failing, they'd still be on the winning side. As the saying goes, to make money in a gold rush, sell pickaxes.

r_singh 5y ago

That's a ridiculous reason for blocking their account though. Is everyone learning from the best (cough Amazon)?

sschueller 5y ago
It would also be illegal but going to court costs a lot of money.
marcinzm 5y ago
>Is everyone learning from the best (cough Amazon)? You mean learning from the 5th highest market cap company? Isn't that sort of expected? The question you should ask if why the government doesn't step in since companies will do what they can to optimize stock price.
- soco 5y ago
  I'm afraid the answer to that question is called "lobby".
  - adventured 5y ago
    If that actually worked as some people think it does, the corporate income tax rate would be 0%, there would be no labor laws, no OSHA, no EPA, and so on.

deleted 5y ago

[deleted]

oefrha 5y ago

Or, alternatively, the business (issuing virtual credit cards to consumers, seemingly worldwide) is pretty different from truebill.com (subscription tracking, yes, but doesn't issue cards, AFAICT) or Ramp (issues corporate cards instead of consumer cards, where I would assume there's a bit more due diligence). https://justuseapp.com/free-trial-card https://justuseapp.com/free-trial-card claims that one of their main selling points is > Access the American market > Our credit card comes with a U.S. billing address, so you can unlock features restricted to the U.S or Western markets especially if you don't live there. Isn't this just straight up fraud? Admittedly I'm not familiar with any of the services mentioned, so correction is welcome.

Razengan 5y ago

So much for alternative payment processors being the messiahs to deliver us from the draconian fisting of Apple. Well at least PayPal has a spotless history of treating their users nicely.