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Stripe approves accounts without underwriting.. They wait until the account begins to process transactions before underwriting.. This is the result.
by nickphx 3y ago
Stripe approves accounts without underwriting.. They wait until the account begins to process transactions before underwriting.. This is the result.
- jabart 3y agoI don't believe this to be true. In the US you have KYC laws which are a part of underwriting. We also use Stripe Connect which also onboards new stripe accounts and can watch the automated underwriting happen.
- nickphx 3y agoKYC is part of the underwriting process... You have to first know your customer before you can understand their business and assume the risk of processing their transactions..