Re:Why some businesses aren't allowed on Stripe
by samsonradu on Friday August 12, 2016 @07:25PM
(#12279464)
Working as a dev for a company In the industry I fully agree. This has been an issue forever, companies use high-risk billers like Epoch and pay higher fees due to the huge amount of fraud involved and the lack of competition. Also, there was a case a few years ago when ING decided to close down a company's bank account just for being in the adult business. I wonder what's so shady about just a very big entertainment industry like this one.
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Re:Why some businesses aren't allowed on Stripe
by lcarlson on Friday August 12, 2016 @10:53PM
(#12280022)
It's because of the higher than normal charge backs that stripe's sponsoring bank doesn't want on their books. There is also some reputational risk I'd imagine and plenty of shady actors trying to get underwritten