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I think this article will give you a better idea: https://stripe.com/resources/more/high-risk-merchant-accounts-explained https://stripe.com/resources/more/high
by whatamidoingyo 1y ago
I think this article will give you a better idea: https://stripe.com/resources/more/high-risk-merchant-accounts-explained https://stripe.com/resources/more/high-risk-merchant-account...
This one is worth checking out as well: https://stripe.com/en-mx/legal/restricted-businesses https://stripe.com/en-mx/legal/restricted-businesses
I missed this the first time around, but it looks like they've also banned "Get Rich Quick Schemes":
"Get rich quick" schemes, including investment opportunities or other services that promise high rewards to mislead consumers; schemes that claim to offer high rewards for very little effort or up-front work; and sites that promise fast and easy money
Interesting.
- chistev 1y agoWhy don't they approve it? Because of potential scam?
- whatamidoingyo 1y agoYeah, pretty much. But they indeed approve some companies. I guess if you have a clean, well-established business, it won't be a problem. If you're a fresh startup, you're in trouble. The only options left are paying the $1,450+ fee, or accepting crypto currency payments only (which I think most people won't bother going through the trouble of this to purchase creatine, lol).