3 ms·
> I use Stripe to process monthly Subscriptions. Question best taken up with Stripe, I think. Ideally, they will come out with a statement of their own. When
by sinyug 5y ago
> I use Stripe to process monthly Subscriptions.
Question best taken up with Stripe, I think.
Ideally, they will come out with a statement of their own. When the Reserve Bank of India introduced new rules regarding recurring transactions that all banks and payment processors had to comply with, Stripe put out a page on the topic.[1][2]
[1] Recurring transactions for Stripe accounts in India (https://support.stripe.com/questions/recurring-transactions-for-stripe-accounts-in-india https://support.stripe.com/questions/recurring-transactions-...)
[2] RBI regulations affecting payments from India issued cards (https://support.stripe.com/questions/rbi-regulations-affecting-payments-from-india-issued-cards https://support.stripe.com/questions/rbi-regulations-affecti...)
- novaleaf 5y agothanks, the non-answer from Stripe: https://support.stripe.com/questions/impact-of-sanctions-on-russia-and-belarus https://support.stripe.com/questions/impact-of-sanctions-on-... Basically it seems like for Stripe, if the customer's bank is sanctioned your transactions will fail. Edit: there also doesn't seem to be an easy way to determine customer Bank.
- sinyug 5y agoAll this has happened before.[1] I guess the safest alternative is to screen customers from Belarus, Ukraine and Russia till the situation becomes clear. [1] Declined: Visa, MasterCard Freeze Out Targeted Russian Banks (https://www.npr.org/sections/thetwo-way/2014/03/21/292565077/declined-visa-mastercard-freeze-out-targeted-russian-banks https://www.npr.org/sections/thetwo-way/2014/03/21/292565077...)