Stripe poses a huge risk to businesses, with many horror stories of accounts getting shut down and funds being held. I've seen countless posts on this subreddit about people facing these issues, and it’s a real concern for many business owners.That's why I turned to crypto. At first, I was skeptical, but as more of my customers requested it, I decided to give it a shot. Since then, I’ve...
We've been running a legit web hosting business, zero chargebacks, fully verified, and Stripe still shut us down, calling us "high-risk." Now, we're moving to crypto-only payments because we’re done with the hoops traditional processors make us jump through.Curious if anyone else has made the switch to crypto-only, and how it’s impacted your business. Thoughts?
When I opened the account, Stripe support confirmed that using Payoneer was fine, and since I don’t have a U.S. bank account, it was my only option for payouts. I run a legitimate business, and Payoneer conducts full KYC checks, so there's no question of money laundering.
After three months of using Stripe, they conducted a routine credit check and requested three months of bank statements. Since I use a Payoneer receiving account, I provided a Payoneer statement covering this period. However, shortly after I uploaded the documents, my account was closed, with Stripe citing it as high-risk. I have never had a chargeback, and I run a legitimate web hosting...