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Why do you assume they're holding the money for legimitate reasons? I count as much more likely they're just fucking up and have no idea or don't care enough.
by norswap 4y ago
Why do you assume they're holding the money for legimitate reasons? I count as much more likely they're just fucking up and have no idea or don't care enough.
Plenty of example of this, event amongst top tech companies: see the clusterfuck that is youtube copyright claims for instance.
Every time there are automated flaggings, there are fuckups. We can accept it if there's an efficient way to challenge, but that's not happening. Stripe/Google doesn't care and/or it would hurt the bottom line too much.
Also if credit cards company are much better at this, I don't see why Stripe gets a free pass for sucking.
- kylecordes 4y agoAll of the companies are needlessly inviting the wrath of regulation on themselves. Sooner or later (probably later) a political consensus could emerge to require detailed human review, subject to a regulator intervening on any/every case, whenever they keep more than $X for more than Y days. I suggest that it might be smarter for all of these firms to do a better job, voluntarily, of providing human interaction and review - to forestall such regulation as long as possible.