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I wonder if the author ever tried reconnecting with some of the early banks they talked to. Stripe works with Wells Fargo. When you open an account with Stripe
by driverdan 14y ago
I wonder if the author ever tried reconnecting with some of the early banks they talked to. Stripe works with Wells Fargo. When you open an account with Stripe they actually open bank and merchant accounts under your company's name with Wells Fargo. I found this out when WF called me one day about my merchant account and I had no idea what they were talking about.
It seems that WF is now open to working with startups and opening accounts in other people's names (without notifying them).
- wmf 14y agoSimple and Dwolla are also backed by banks. But I guess the reason why every bank rejected them is coming in part N.
- lisper 14y agoI never went back, no. It seemed unlikely to be fruitful. But this is good to know. Maybe I was just ahead of my time. If anyone knows who at Wells handles this sort of thing I would really appreciate a pointer.