Re:Stripe: Thinking Like a Civilization
by ceilingcorner on Tuesday August 31, 2021 @10:48AM
(#28368803)
Sure but for some of these stories, the provider is clearly just incompetent. I’ve read of PayPal holding $100,000 for 6+ months with no reason given or response. That goes far beyond an anti-fraud measure.
If you delay payments to them for similar reason, you'll probably get an invitation to a court. How come you can't complain to the court about such a behavior?
Re:Stripe: Thinking Like a Civilization
by corpdronejuly on Tuesday August 31, 2021 @03:06PM
(#28372145)
Usually because of the terms of service.
That said the fastest way to a resolution is often exactly this. Either get a lawyer to send a letter saying you're gonna file in court, or just file for arbitration yourself.
If money on that scale is at stake, this is a comparatively cheap way to make sure a real human looks at the problem.
Re:Stripe: Thinking Like a Civilization
by kayodelycaon on Tuesday August 31, 2021 @10:56AM
(#28368888)
That’s because $100,000 is noise as far as they are concerned. The small company I work at has millions per week in transactions. We have little to no leverage against anyone.
The amount of fraud that happens in electronic payments is absolutely staggering. As soon as someone finds out your defenses are lower than someone else, you get spammed with people testing stolen credit card numbers.
Your account can, and will, be blacklisted promptly. If your payment processor and the banks they work with don’t stop you, the credit card company will.
This kind of thing happened at every place I’ve been at where financial institutions are involved.
The size of your company does not matter. Visa has so many customers they do not need Amazon. If Amazon fucks up, they will pull the plug if something isn’t fixed.