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I know that I started and shutdown a company through Stripe Atlas a year and a half ago and they're still charging me recurring fees for it. I'm not convinced

I know that I started and shutdown a company through Stripe Atlas a year and a half ago and they're still charging me recurring fees for it. I'm not convinced that Atlas was ever fully thought out on their end and I regret using it.

lvl102 4y ago
Yeah Stripe is a joke considering its size. I much rather use Square which is saying a lot because that is also a poorly run company. Fintech space is a big joke. They were selling more fluid payment platforms with less fees/cost to consumers. Instead all-in prices have actually gone up.
- mschuster91 4y ago
  > Fintech space is a big joke. Almost as if all the "meatspace banking" regulations had their purpose, born out of decades of experience with the many, MANY, M A N Y weird edge cases that crop up sooner or later. Not to say that the meatspace regulations and practices are fine (from an European POV, the fact y'all still use literal paper cheques instead of bank transfers and credit cards instead of direct debit because consumer protection is way easier on CCs), but still... it's amazing none of the fintechs ever really got hit hard by regulation agencies despite the continuous complaints.
Aeolun 4y ago
Why are they charging you for something that doesn’t exist? Is it a mistake on their end?
edwinwee 4y ago
There’s no charge to use Stripe after the $500 Atlas fee to form a company. What fees are you seeing? If you’ve maintained a presence in Delaware, perhaps you’re still paying for your registered agent? (You can also email me at edwin@stripe.com and we can look into this.)
mkaic 4y ago
Fellow Stripe Atlas-er here. I have no experience with corporate anything and started my C Corp because I won the Pioneer Tournament and they said I had to to give them a 1% SAFE to claim my winnings, even though I'd made it clear I did not intend to try to monetize my project at all. The company has literally done zero things since inception except cost me money for my registered agent, Delaware corporation tax, and having to pay someone to file taxes for $0 of income because I am too terrified of the tax legal system to do it myself. If you don't mind me asking, what was your process for dissolving the corporation? I'd love to shut down mine but last time I looked it up I got bogged down in all the legalese about Notices of Dissolution and Board Approval and all that jazz.

lvl102 4y ago

Yeah Stripe is a joke considering its size. I much rather use Square which is saying a lot because that is also a poorly run company. Fintech space is a big joke. They were selling more fluid payment platforms with less fees/cost to consumers. Instead all-in prices have actually gone up.

mschuster91 4y ago
> Fintech space is a big joke. Almost as if all the "meatspace banking" regulations had their purpose, born out of decades of experience with the many, MANY, M A N Y weird edge cases that crop up sooner or later. Not to say that the meatspace regulations and practices are fine (from an European POV, the fact y'all still use literal paper cheques instead of bank transfers and credit cards instead of direct debit because consumer protection is way easier on CCs), but still... it's amazing none of the fintechs ever really got hit hard by regulation agencies despite the continuous complaints.

Aeolun 4y ago

Why are they charging you for something that doesn’t exist? Is it a mistake on their end?

edwinwee 4y ago

There’s no charge to use Stripe after the $500 Atlas fee to form a company. What fees are you seeing? If you’ve maintained a presence in Delaware, perhaps you’re still paying for your registered agent? (You can also email me at edwin@stripe.com and we can look into this.)

mkaic 4y ago

Fellow Stripe Atlas-er here. I have no experience with corporate anything and started my C Corp because I won the Pioneer Tournament and they said I had to to give them a 1% SAFE to claim my winnings, even though I'd made it clear I did not intend to try to monetize my project at all. The company has literally done zero things since inception except cost me money for my registered agent, Delaware corporation tax, and having to pay someone to file taxes for $0 of income because I am too terrified of the tax legal system to do it myself. If you don't mind me asking, what was your process for dissolving the corporation? I'd love to shut down mine but last time I looked it up I got bogged down in all the legalese about Notices of Dissolution and Board Approval and all that jazz.