Stripe is about to refund €147k worth of payments to my all of my customers
As it seemingly stands, it looks like Stripe is about to refund €147.000,00 worth of payments to my all of my customers due to 2 account closures (customers that have already received their orders). I have been running 2 eCommerce stores with Stripe, where we have shipped physical products out to our customers, from a local warehouse, which have been delivered within 5-10 business days of the order being placed. After about a month of running the stores, we received a notice about Stripe having to conduct a manual review on our account, and thus payouts would be frozen. We submitted the requested info, for both accounts. In the case of account 1 (which has approximately €101.000,00 on hold) led to an initial closure and a 120 day hold. But then later a notice about refunding all of these payments back to the customers. In the case of account 2 (which has approximately €46.000,00 on hold)
Why it failed
As it seemingly stands, it looks like Stripe is about to refund €147.000,00 worth of payments to my all of my customers due to 2 account closures (customers that have already received their orders). I have been running 2 eCommerce stores with Stripe, where we have shipped physica
- Kind
- startup
- Status
- Shut down
- Inventor
- lucas_adlp
- Ended
- 2023
- Source
- hackernews