Re:Stripe down for 4 hours (and counting) for all those with...
by icelancer on Monday August 22, 2022 @09:20PM
(#32559438)
Update (can't edit the OP):
Edwin reached out to me but their team can't override their faulty algorithm apparently. Other banks/payment providers have no issue giving us 3-5x the limit Stripe slashed us to, but they can't. Root cause is the fact that Stripe fundamentally doesn't understand eCommerce / cyclical LOCs in their algorithms apparently as our business hasn't changed meaningfully regarding effective cash positions.
Fairly surprising Stripe doesn't understand how to evaluate financial positions correctly. Oh well.
Edwin reached out to me but their team can't override their faulty algorithm apparently. Other banks/payment providers have no issue giving us 3-5x the limit Stripe slashed us to, but they can't. Root cause is the fact that Stripe fundamentally doesn't understand eCommerce / cyclical LOCs in their algorithms apparently as our business hasn't changed meaningfully regarding effective cash positions.
Fairly surprising Stripe doesn't understand how to evaluate financial positions correctly. Oh well.