plusultra on Nostr: Also, Stripe will cut the legs out from under your startup without any explanation ...
Also, Stripe will cut the legs out from under your startup without any explanation whatsoever and will hold all of your funds for 120 days, or more.
Many founders and mom and pops have found this out the hard way. For many of these businesses it was fatal. You can go for years with no negative marks, charge backs, etc.
They just randomly decide one day that your business is "high-risk."
One of their competitors alleges that they conspire with VCs to shut down competitors.
Source: it happened to me. With a legit technology company, nothing at all dodgey about it.
I fucking hate Stripe with a passion
Published at
2025-03-12 03:13:14Event JSON
{
"id": "b80c35ecdb6d2c064986aea595861534972da052865b1153913a0df1917ddbf5",
"pubkey": "1807a49c19a1347e6f19729697c15d4f53df5482ecf3eeddfa0c8e7d0fa245a1",
"created_at": 1741749194,
"kind": 1,
"tags": [
[
"p",
"6cc4225f7970c56b9f4a1784a85ddbbde97599e365ba8c864a4d9105942b7222"
],
[
"e",
"55b9d92cd8de568cc4450773cec2d43384db1a4a81f0e3d7831f8d70083f8326",
"wss://feeds.nostr.band/lang/en",
"root",
"6cc4225f7970c56b9f4a1784a85ddbbde97599e365ba8c864a4d9105942b7222"
]
],
"content": "Also, Stripe will cut the legs out from under your startup without any explanation whatsoever and will hold all of your funds for 120 days, or more.\n\nMany founders and mom and pops have found this out the hard way. For many of these businesses it was fatal. You can go for years with no negative marks, charge backs, etc.\n\nThey just randomly decide one day that your business is \"high-risk.\" \n\nOne of their competitors alleges that they conspire with VCs to shut down competitors.\n\nSource: it happened to me. With a legit technology company, nothing at all dodgey about it. \n\nI fucking hate Stripe with a passion ",
"sig": "ca878ad8e0f8f8a749f373230657e8a39362643e564e86eb12c1d66bc9025bfe2cb35e607b53a3e59978d72203885f615f4c283960359837fe5681f5a779a6e1"
}