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> the universe you're stating a preference for is one in which it's much more difficult to get a payment processor at all Isn't this the world we live in? A ba
by tpxl 4y ago
> the universe you're stating a preference for is one in which it's much more difficult to get a payment processor at all
Isn't this the world we live in? A bank will ask you these questions when you open an account with them, why can't Stripe? Because growth?
Edit: Also, much harder? Filling out a questionnaire a human looks at, then takes a cursory glance of where you're registered, what you're registered for and what your website looks like? That doesn't sound like much work for the upsides.
This smells like the classic "There's nothing we could do, dude!", when a company can't be bothered to do due diligence, then dumps all the externalities of that on someone else. Stripe could do this, they just don't, as it makes more money, ruining (possibly legitimate/legal) businesses in the process.
- tptacek 4y agoA bank isn't going to do anything with your business that you just set up that wants to accept credit cards over the Internet for things. I'm not sure what we're even talking about at this point. There's a good comment upthread about alternatives to Stripe, of which there are many. The good ones distinguish themselves by being the kinds of places where businesses like StoreCycle can't get an account in the first place. In summary: the words "possibly legitimate" in your comment are doing most of the work of this entire thread.