We signed up with Stripe.com back in October, 2015.
We did a transacti0n for $42.79 USD and waited their mandatory 7 days before we could doing anything with the funds.
Yesterday, Feburary 11th, 2016 we submitted an order around 11:30pm for $2200.00 which was still pending processing over 6 hours later the next morning. We thought that was a little odd and inconvenient, especially after having to a pay $64.10 fee to them.
On 2016-02-12 14:45 we get the following email:
——————- BULLCRAP BEGIN ——————-
“Unfortunately, we will only be able to accept payments for bitcoin-corporation.com for a bit longer. Stripe can only support users with a low risk of customer disputes. After reviewing your website and account information, we’ve found that your business presents a higher level of risk than we’re able to work with.
As noted above, your service will not end immediately—we understand that moving away from Stripe can take time. To help with the transition, we are able to provide you five additional days (beginning today) to switch to a new provider. Because of the elevated dispute risk here, your account balance will be placed on reserve for the next 90
days, the industry-standard period during which most payments are disputed. During this time, the reserved funds will help cover any disputes or refunds on your account. The remaining balance will transfer to your bank account at the end of this period.
We’re sorry that we can’t offer ongoing service and wish you the best of luck with your business.
——————- BULLCRAP END ——————-
We did nothing wrong, and it wasn’t until they got a nice little chunk of change that they could sit on did they do this.
It is obvious what they are doing and I despise Companies that are run by People who do this. People who do this without warning or concern for the Businesses and lives of the People they affect.