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Credit card processing requires a sponsor bank, and that sponsor bank sets what categories they want to process for. If you fall out of that, or the account get
by jabart 4y ago
Credit card processing requires a sponsor bank, and that sponsor bank sets what categories they want to process for. If you fall out of that, or the account gets reviewed a second time and someone thinks it falls into one of those categories, the account is shut down. OF almost had this happen to them because of their sponsor bank and I've seen it happen for other companies from the underwriting department (not stripe, another processor).