Stripe Shutdown Our Nonprofit's Account, Holding $12k in Donations Hostage
Our founder woke up to a gut-wrenching email from Stripe today, reading "We're writing to you because, after conducting a routine review of your Stripe account for Integrate for Good (account ID: [**]), we've found that it presents a high level of risk for customer disputes." We're a very small, hyper local nonprofit and have been using Stripe without any significant issues for over four years. Radar has flagged only one charge in the past year, and we've had just a single dispute since opening our account. We requested further review of our account and supplied Stripe with further information in the dashboard. Just 45 minutes later, we received a second email confirming their decision to close our account. I find it hard to believe that Stripe was able to "conduct another review of [our] account" in such a short span of time. While trying to figur
Why it failed
Our founder woke up to a gut-wrenching email from Stripe today, reading "We're writing to you because, after conducting a routine review of your Stripe account for Integrate for Good (account ID: [**]), we've found that it presents a high level of risk for customer
- Kind
- startup
- Status
- Shut down
- Inventor
- nickwelsh
- Ended
- 2023
- Source
- hackernews