We use Stripe as our payment processor for normal card payments. They just sent us a notice asking us to "link our bank account" to Stripe. (It's an "ask" but I don't think that they're going to take no for an answer.)
What they're looking for is ongoing access to our bank account data, including current and historical balances, full transaction history, and account metadata. They explicitly say this data can be shared with third parties. This goes well beyond traditional payment processing and is closer to applying for a loan or credit product, except it's being framed as a general account requirement, and perpetually ongoing.
It's kind of insane, tbh. We've signed up with PayPal/Braintree and Authorize.Net and are thinking that we might make the switch next week.
Stripe owes me 3k for over 3 years and refuses to issue the payout based on their tos, without specifying the concrete issue. They stopped accepting new tickets from my account, and I've no way to contact the them. Get far away from these scammers.
Stripe has become shitty for big and small players over the years. Small guys get screwed and just plain scammed, big players just push and pushed into higher fees. Have seen it in many projects as a freelancer.
You can maybe use them for a quick prototype because the APIs/SDK just work well, but for anything serious look for alternatives.
Don't agree to dumb contract terms, nor fail to push back/negotiate over-reaches. I would not say this is representative of the Stripe that most know. We can expect companies to employ aggressive sales teams and business is often about extracting the most possible, especially at "enterprise" level.
Your "we had no idea" "advice to others: add redundancy to payments stack" is what, supposed to be sage advice? It's sort of basic SOP.
If you guys agreed to the gouge and are now playing victim, are we supposed to cry for your stupidity? I'm sorry. Not sorry, it's business. Not saying "stripe sales are right" just "you get what you sign up for". Dont' be a fool then come looking for sympathy and blaming, you exp[ect the competitive marketplace to grant you passage and add gold with no loss? Bah! Double bah! Triple humbug!
Your post may curry favor with devs (those innocents, those pure-of-heart) but those "at the corp level" will not be so easily fooled, deceiver!
We use Stripe as our payment processor for normal card payments. They just sent us a notice asking us to "link our bank account" to Stripe. (It's an "ask" but I don't think that they're going to take no for an answer.)
What they're looking for is ongoing access to our bank account data, including current and historical balances, full transaction history, and account metadata. They explicitly say this data can be shared with third parties. This goes well beyond traditional payment processing and is closer to applying for a loan or credit product, except it's being framed as a general account requirement, and perpetually ongoing.
It's kind of insane, tbh. We've signed up with PayPal/Braintree and Authorize.Net and are thinking that we might make the switch next week.
Stripe owes me 3k for over 3 years and refuses to issue the payout based on their tos, without specifying the concrete issue. They stopped accepting new tickets from my account, and I've no way to contact the them. Get far away from these scammers.
Stripe has become shitty for big and small players over the years. Small guys get screwed and just plain scammed, big players just push and pushed into higher fees. Have seen it in many projects as a freelancer.
You can maybe use them for a quick prototype because the APIs/SDK just work well, but for anything serious look for alternatives.
Don't agree to dumb contract terms, nor fail to push back/negotiate over-reaches. I would not say this is representative of the Stripe that most know. We can expect companies to employ aggressive sales teams and business is often about extracting the most possible, especially at "enterprise" level.
Your "we had no idea" "advice to others: add redundancy to payments stack" is what, supposed to be sage advice? It's sort of basic SOP.
If you guys agreed to the gouge and are now playing victim, are we supposed to cry for your stupidity? I'm sorry. Not sorry, it's business. Not saying "stripe sales are right" just "you get what you sign up for". Dont' be a fool then come looking for sympathy and blaming, you exp[ect the competitive marketplace to grant you passage and add gold with no loss? Bah! Double bah! Triple humbug!
Your post may curry favor with devs (those innocents, those pure-of-heart) but those "at the corp level" will not be so easily fooled, deceiver!
I'm only slightly joking.
Lol, I'm not selling anything or trying to curry favor.