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> Although I'm sympathetic to the author, it really is Stripe's prerogative to do business (or not do business) with anyone they want. While of course this is
by lorddoig 11y ago
> Although I'm sympathetic to the author, it really is Stripe's prerogative to do business (or not do business) with anyone they want.
While of course this is true, it's not really a defence in the grander scheme of things. Stripe's business model is not only propped up by the oligopolistic/cartel-like nature of international payment processing, it's a product of it. These guys may find another processor, but as long as a tiny, tiny group of banks/payment processors call the shots on what kind of transactions are allowable legitimate businesses like this will always be looking over their shoulder. Fundamentally all this comes out of banking regulation. I find the whole industry woefully unacceptable.