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Many people at RenFaires and music festivals use Stripe. This is going to wipe them out as customers. Also fully remote businesses. It's clear to me Stripe want
by Communitivity 3y ago
Many people at RenFaires and music festivals use Stripe. This is going to wipe them out as customers. Also fully remote businesses. It's clear to me Stripe wants brick and mortar businesses, or online businesses that have an office. Which I find sad, because they're abandoning a bunch of customers depending on them. Though it is an opportunity for some startup to cater to those customers.
- whalesalad 3y agoHow will any of this hurt those businesses?
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- codetrotter 3y agoA physical biz address does not mean you have to have an office. I’ve been using my home address as the business address of my company ever since I first created it, and before that I did the same for my sole proprietorship.
- graypegg 3y agoI imagine their point is deciding whose home address is used among many people working on a music festival, is tough. If that person leaves/is disgruntled, it’s still THEIR name and address on the account, where as most business mail boxes can be shared. Not sure of the legal implications of that, I’m just reading their comment how I think they meant it to be read.
- drpossum 3y agoIf you read Stripe's notice, they need the address for sole proprieters and single member LLCs. It's not controversial nor difficult to identify who that should be.
- MSFT_Edging 3y agoSomething I enjoy doing is looking up the true landlords of managed properties to see if they're absentee. More often than not, their business address gives me their home address somewhere across the country. Just a thought. Nearly every landlord I've had has been an absentee landlord. Quite interesting.
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- JoshuaRowe 3y agoThis is the perfect reason for having a true separation of personal / biz addresses and the reason I went for the UPS box in the first place. Business is business and home is home. It becomes more clear if I had some sort of public persona based biz too. Youtube etc. or some controversial company, even slightly so.
- radlad 3y ago> Many people at RenFaires and music festivals use Stripe. Are you thinking of Square, perhaps?
- patmorgan23 3y agoNo lol. They just need to provide a physical address, this is a pretty normal requirement when conducting business, even in today's online world. Those fully remote businesses still have to have a registered agent where they can receive physical mail or be served legal documents. They can just use that address with stripe.
- Aurornis 3y ago> Also fully remote businesses. Fully remote businesses still have a headquarters address. There's a lot of FUD in this comment section, but any business that is already doing business things is registered for paying taxes, which requires an address.