A Comprehensive Review of Stripe for E-Commerce Businesses

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Pros & Cons
Pros: Cons:
Real-time reporting capabilities. Potential account freeze issues.
User-friendly interface. Higher fees than competitors.
Global payment options. No offline payment support.
Strong fraud protection. Limited customization options.
Efficient customer support. Strict account stability rules.
Quick integration with websites. Delayed fund settlements.

Company Overview

Stripe's founding in 2010 marked a significant shift in e-commerce credit card processing when the company launched a new approach to accepting credit cards online. Stripe's focus was to provide a robust web developer toolkit to quickly and easily enable credit card processing for apps and websites unlike anything available at the time. Stripe has since made it easier for online businesses of all sizes to accept online credit card payments. The company's toolkit includes code libraries, APIs, and other resources that are designed specifically for web developers that need flexible and seamless methods for incorporating credit card processing into their applications. Stripe has become one of the most popular merchant account providers for entrepreneurs looking to speed up the development of their online businesses.

Related: Not a web developer? Check out Helcim, Shopify, or Square for easy store-builders that don't require any coding.

Stripe's wide range of payment capabilities is also a significant advantage as compared to most traditional e-commerce merchant account options. The company offers an array of payment methods, including recurring billing, cryptocurrencies, ACH, international payments, SaaS integration, marketplace payments, and more. The breadth of payment options available allows businesses to offer their customers flexibility with choosing payment methods beyond just credit and debit cards.

As a major international feature in the payment processing industry, Stripe has made a number of acquisitions, which can be tracked here.

Stripe Review Summary

Stripe Compared to Traditional Merchant Services

Stripe is what is classified as a “third-party” payment processor, a non-banking processor, or an “aggregator,” within the payment industry. From a business owner's perspective, this simply means that Stripe will be easier to sign up for but may have higher transaction fees as compared to actual payment facilitators like Helcim, which use Interchange-plus pricing. Aggregators may also have strict fraud prevention protocols that could cause a legitimate business to have its funds held back due to overly sensitive fraud triggers.

Related: How to Get the Lowest E-Commerce Processing Rates

Stripe's Payment Services and Products

In addition to Stripe's powerful web developer tools, the company also offers a host of services available to people with a basic to intermediate understanding of HTML and CSS. In many cases, users can just copy and paste code into a webpage to begin accepting credit cards.

Stripe Checkout

Stripe's Hosted Checkout offers an accessible solution for businesses to accept online payments through a payment page hosted directly with Stripe. The primary advantage of this feature is its ease of integration, which allows business owners to simply paste a snippet of code into their website, which then takes the customer to a prebuilt payment page.

Improved Data Security

One of the key aspects of Stripe Checkout is data security. Stripe takes responsibility for handling sensitive payment information and ensures that transactions comply with industry standards. As a result, the business owner is removed from potential liabilities regarding customers' payment data on its own servers. Stripe assures its clients that card data is well-protected and PCI-DSS compliant.


Stripe Checkout is also designed to be customizable, enabling businesses to tailor the checkout page to match their brand identity. This includes modifying the visual elements, such as colors, fonts, and logos, to maintain consistency across various platforms.

Sales Tax Calculations

Another notable aspect of Stripe Checkout is its capacity for automatic tax calculation. This feature simplifies tax compliance by calculating and applying the appropriate taxes based on the customer's location. The platform's localization and internationalization capabilities allow businesses to provide a localized payment experience for customers worldwide, supporting multiple languages and currencies.

Zero Code Payment Links

Stripe's Payment Links feature enables businesses to quickly create shareable links and QR codes for accepting payments without the need for a website. This simple yet powerful tool is useful for businesses of all sizes looking to accept one-time payments, sell single products or services, or collect donations.

Key aspects of Stripe's Payment Links include:

  • Easy to create: Payment Links can be generated directly from the Stripe Dashboard without any coding required. You can create a link for a specific product or service, set the price and currency, and even include a description and image.
  • Shareable: Once you've created a Payment Link, you can share it with customers through various channels, such as email, social media, messaging apps, or even printed materials like flyers or business cards. Customers can click the link to complete their purchase using Stripe's secure Hosted Checkout page.
  • No website required: Payment Links provide an accessible way for businesses without a dedicated website or e-commerce platform to accept payments online. This makes it an ideal solution for small businesses, freelancers, or individuals looking to monetize their products or services.
  • Secure payments: Just like Hosted Checkout, Payment Links utilize Stripe's secure payment processing infrastructure to protect customers' sensitive data and ensure transactions adhere to industry standards.
  • Multiple payment methods: Payment Links support various payment methods, including credit cards, debit cards, and popular digital wallets like Apple Pay and Google Pay, offering customers a convenient and flexible payment experience.
  • Mobile-friendly: Stripe's Payment Links are designed to be responsive, providing a smooth user experience across different devices, including desktops, tablets, and smartphones.
  • Customizable: Although no coding is required, you can still customize the appearance of the Hosted Checkout page that customers see when using Payment Links. This allows you to maintain brand consistency and provide a more personalized experience.

Send Invoices with Stripe

Stripe Invoicing allows users to create professional invoices quickly and send them to customers without any coding or technical expertise needed. The system is designed to reduce the time spent on manual billing tasks and to help get payments from customers quicker.

The advanced features of Stripe Invoicing make it an attractive choice for businesses looking to automate their accounts receivable processes. With its Invoicing API, businesses can integrate the invoicing system into their existing workflows or applications, enabling seamless communication between different systems. This integration helps automate various tasks, such as generating invoices based on specific triggers or syncing invoice data with accounting software.

Stripe Invoicing also prioritizes payment collection and reconciliation. The platform's support for multiple payment methods, including credit cards, debit cards, and digital wallets, ensures that customers have flexible options for settling their bills. As the platform is built on Stripe's secure payment infrastructure, businesses can trust that transactions are processed safely and adhere to industry standards.

Related: How to Send and Get Paid With Electronic Invoices

Subscription and Recurring Billing

One of the significant advantages of Stripe Invoicing is its ability to handle recurring payments for subscription-based services. This feature simplifies managing subscription billing cycles and helps businesses maintain consistent revenue streams. The platform also offers customizable payment terms, automated reminders for overdue invoices, and the option to accept partial payments, catering to the varying needs of different customers.

Related: This is How to Set Up Recurring Billing for Subscription Payments

In-Person and Point-of-Sale Transactions

Stripe has begun a foray into in-person, point-of-sale payment processing through partnerships with POS software providers, hardware providers, and by launching a card reader that resembles the Square Card Reader. Stripe can now integrate with several platforms, such as Shopify, Lightspeed, atVenu, Housecall Pro, and GlossGenius. Additionally, Stripe offers dedicated development tools to integrate with custom enterprise-level POS systems.

Stripe Card Reader

The Stripe Reader M2 is a mobile card reader designed to facilitate payment processing in various settings. Its battery-powered design makes it suitable for both in-store and on-the-go use, accommodating businesses with flexible payment locations. The device supports EMV chip, contactless, and swipe payments, offering customers a convenient shopping experience.

Security is a primary focus for the Stripe Reader M2, which features end-to-end encryption and is P2PE-ready. This ensures the protection of sensitive payment data and compliance with industry standards. The reader connects wirelessly via Bluetooth to compatible devices, such as tablets and smartphones.

Optional accessories like a charging cradle and tablet mount are available to improve usability. Additionally, a design file is provided for creating custom accessories, allowing businesses to tailor their payment setup to their specific needs. The Stripe Reader M2 offers a versatile solution for businesses seeking a secure and reliable payment processing tool at a small cost of $59 per card reader.

Related: How to Take Credit Cards on Your iPhone

BBPOS WisePOS E Card Reader

The BBPOS WisePOS E is a smart card reader featuring a 5-inch touchscreen display, making it suitable for both countertop and handheld use. It offers versatile operation with the option to use battery power or plug it in, catering to various business environments.

The device accepts EMV chip, contactless, and swipe payments, providing customers with a convenient payment experience. Security is a priority, as the WisePOS E includes end-to-end encryption and is P2PE-ready, ensuring the protection of sensitive payment information and compliance with industry standards.

The card reader offers WiFi connectivity, simplifying device setup and integration. An optional dock provides Ethernet connectivity for businesses that require a wired connection. The $249 BBPOS WisePOS E offers an inexpensive and flexible payment processing solution, ideal for businesses looking for a secure and adaptable card reader.

Stripe Fees and Other Costs

For U.S. businesses doing business with U.S. customers, Stripe's fees for regular card-present transactions such as those using a “Stripe Payment Link” on an e-commerce website or app, are easier to understand than traditional merchant accounts. For most transactions, the company charges a fee of 2.9% plus $0.30 per transaction but the fee can increase to 3.4% plus $0.30 if the card is manually entered. There are several methods that Stripe considers a card to be “manually entered” and there are additional fees for Stripe's optional services. There are also additional fees for international cards and currency conversion. In a few special circumstances using “certified” card readers with in-person payments, the fee drops to 2.7% plus $0.05 per transaction. There are also various other fees that business owners can incur with Stripe which we cover in more detail later in this article.

Related: How to Get the Lowest Credit Card Processing Rates and Fees

Global and International Payments with Stripe

Global and international payments refer to the process of sending and receiving payments across borders. However, accepting international payments can be challenging due to differences in payment methods, currencies, and regulatory requirements.

To facilitate global payments, businesses can use Stripe, which provides a range of features to simplify the process. Stripe allows businesses in 47 different countries to accept payments in more than 195 currencies, and it automatically converts the payment into the business's local currency at a competitive exchange rate. Stripe also supports a variety of global payment methods, including credit and debit cards, bank transfers, and digital wallets like Apple Pay and Google Pay.

In addition to payment processing, there are other factors to consider when conducting international transactions, such as compliance with local regulations and tax laws. Some countries have restrictions on certain types of payments, and others require additional documentation and verification before a payment can be processed. Stripe's documentation can provide guidance on these issues, but businesses should also seek the advice of legal and financial professionals with experience in international transactions.

Business Can Use Stripe in the Following Countries

  • Australia
  • Austria
  • Belgium
  • Brazil
  • Bulgaria
  • Canada
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Malaysia
  • Malta
  • Mexico
  • Netherlands
  • New Zealand
  • Norway
  • Poland
  • Portugal
  • Romania
  • Singapore
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom
  • United States
  • Gibraltar
  • Iceland
  • Liechtenstein
  • Monaco
  • San Marino
  • Isle of Man
  • Hungary
  • India
  • Ireland
  • Italy
  • Japan
  • Latvia
  • Lithuania
  • Luxembourg

Stripe's Supported Payment Methods

Stripe processes a large array of popular payment methods found across the globe:


  • American Express
  • Visa
  • Mastercard
  • Discover
  • Diners Club
  • Interac
  • Cartes Bancaires
  • NCB
  • UnionPay

Digital Wallets

  • Apple Pay
  • Google Pay
  • Microsoft Pay
  • Alipay
  • Click To Pay
  • WeChat Pay

Stripe also processes transactions for bank debits, redirects, and transfers as well as “buy now, pay later” services Affirm, Afterpay, and Klarna

Common Software Integrations

Stripe’s built-in integrations are one of the big selling points for this online credit card payment service. You can link your Stripe payments with popular online ecommerce platforms like BigCommerce, OpenCart, MailChip, Squarespace, and Shopify. The company can also easily integrate with subscription and recurring billing platforms like GivingTools and Partial.ly. If you are tied to accounting services like Netsuite or Quickbooks, Stripe also offers methods for exporting and importing your sales data.

Stripe “Radar” and Fraud Protection

Stripe Radar is a robust fraud prevention system included with every account. It uses machine learning algorithms to analyze every transaction in real-time and identify potentially fraudulent activities. With Radar, businesses can customize their risk settings, create rules to block or allow certain transactions, and receive real-time alerts for suspicious activities. Radar can also use data from Stripe's global network to help identify and prevent fraud patterns before they even happen. Stripe Radar is an effective and reliable tool for businesses to protect themselves from fraud and reduce chargeback costs. It is also easy to set up and use, making it a popular choice among online merchants.

Because of Radar, Stripe is considered to be one of the most secure payment platforms in the credit card processing industry. This means fewer chargebacks and less risk of preventable losses due to the ever-increasing sophistication of fraud. Radar has access to data partnerships with all the major credit card companies, providing real-time data regarding threats and trends in credit card fraud.

Preventing Declined Card Payments

One of Stripe’s unique e-commerce features, Adaptive Acceptance, also uses machine learning to dynamically retry declined transactions before completely rejecting a sale. If the sale should be approved, this feature is more likely to successfully transmit the card payment through another payment lane.

Adaptive Acceptance also carries over to Stripe's recurring billing system. In the event that a subscription payment is declined, Stripe will automatically check for card activity, changes, or updates to the card number. Stripe then uses that information to best approach another charge attempt at a more ideal time. Overall Stripe appears to be aiming to provide its customers with higher invoice payment rates, and heavily leverages its machine learning products and access to vast amounts of financial data to automate that process.

Location and Ownership

Stripe was founded by brothers John and Patrick Collison, and Patrick currently serves as the company's CEO. Stripe's headquarters can be found at 354 Oyster Point Blvd South San Francisco, CA 94080.

Stripe Customer Reviews

Here's What Their Clients Say

Customer Reviews Summary
Total Online Complaints 300+
Live Customer Support No
Most Common Complaint Fund-Holds
Recent Lawsuits Yes

Stripe Competitors & Alternatives

Key competitors to Stripe include PayPal and Braintree. PayPal and Stripe share some services but cater to different payment needs. Braintree, a subsidiary of PayPal since 2013, also competes closely with Stripe. A notable alternative is Helcim, offering developer APIs, ‘buy-now’ buttons, invoice payments, web-store builder, and mobile payment integration. Helcim offers competitive transaction fees, month-to-month agreements, customer phone support, next-day funding, and QuickBooks integration. Having consistently earned top reviews for nearly a decade, Helcim parallels Stripe’s functionality with enhanced customer experience. More details can be found in our comprehensive Helcim Review. For high-risk businesses, our list of high-risk credit card processors is available.

Stripe Holding Payments?

Issues reported with Stripe include sudden merchant account cancellations, unexpected reserves or fund holds, and slow customer support response times. These issues are common in the merchant account industry, but are exacerbated by Stripe’s limited live support. Business owners using Stripe via Shopify have reported challenges activating the “Authorize Only” fraud prevention setting, with both Stripe and Shopify attributing responsibility to each other.

Very Popular, But With Backlash

Despite its large user base and easy sign-up process, Stripe has seen a growing trend in negative reviews. Complaints often center around fund holds, unanticipated fees, and dissatisfaction with customer service.

High Amount of Refund Fee Complaints

Business owners have voiced concerns over being charged a 2.9% transaction fee by Stripe on refunded transactions. This policy is explicitly stated on Stripe’s website, indicating no fees for refunds but not returning Stripe’s initial fees. This standard practice in the payment processing industry can still surprise merchants accustomed to paying only the flat transaction fee on refunds.

Stripe Lawsuits & Fines

  • Stripe faced a 2019 lawsuit from Boom Payments! alleging patent infringement, focusing on transaction processing technologies.
  • A 2020 class-action suit challenged Stripe’s data mining via Stripe Elements. While part of the suit was dismissed, legality questions on sharing user information with third parties remain.
  • Also in 2020, Stripe settled a lawsuit in Massachusetts, paying $120,000 over its risk monitoring and fraud prevention practices.
  • The DOJ investigated Visa’s relationship with Stripe in 2021 for potential anti-competitive practices.

Stripe Customer Support Options

Stripe offers 24×7 phone support in English, but lacks a publicly listed dedicated support number. This limits its ranking as a top-rated provider. The company does have a help section, community forum, and email support, but user reviews have increasingly highlighted support-related issues.

Stripe doesn’t accept inbound customer calls. Users must request a call from Stripe through the customer dashboard.

Related: Best Merchant Accounts for Customer Service

Stripe Online Ratings

Here's How They Rate Online

Online Ratings Summary
BBB Rating 1.05
Trustpilot Rating 3.0
Software Advice Rating 4.7
GetApp Rating 4.7
G2 Rating 4.2
Capterra Rating 4.7
SiteJabber Rating 1.15

Stripe BBB Reviews

Stripe has an “A+” rating with the Better Business Bureau despite considerable number of complaints filed by current and former clients. A total of 959 complaints have been filed in the last three years with nearly half filed within the last 12 months. In addition to the formal BBB reports, clients have also left 158 customer reviews, the vast majority reporting a negative experience. Common themes among the BBB complaints include problems with sales funding and difficulty reaching customer support:

This company takes money from people and then does not give it to you. I started a non-profit company in March. Obtained Stripe in June to process donations for us. We are a very small non profit. I applied to Stripe. Gave them all the documentation they asked for initially. Had 3 donors donate through the Stripe App in June and still have not been credited the money even though it was taken out of the donors accounts. Stripe keeps asking for more and more documentation. Keeps asking for our 501c3 even though I tell them we do not have that as of now. They then send me an email telling me we are on their restricted business list. We are a group of grandparents dedicated to an academic education for our grandkids. How can we be on the restricted business list with **** businesses, pot shops, etc? You cannot call this company. After searching and searching I found a phone number but it doesnt take calls. I requested a phone call and had to make an appointment to talk to someone. She was zero help. I have written MANY emails over and over asking for this account to be closed. Asking them to credit back the money donors donated or to transfer the donations to us but they have not done so. This has been going on since June. Every time I write them an email a different person answers back. Why cannot they not just close the account and zero out the balance. What is so hard about that. They are a rip off company. Ripping off Grandparents. I am not sure what to do about this. I will continue to write emails and emails and leave bad reviews until they give up that money. How can this type of company be allowed to keep doing this. – Linda W 9/07/2023

SiteJabber Summary

Stripe has a rating of 1.15 stars from 380 reviews on SiteJabber, indicating that most customers are generally dissatisfied with their services. The most common complaints revolve around customer service, high risk assessments, and credit card issues. In the last 12 months, there have been 18 positive reviews, 2 neutral reviews, and 107 negative reviews. Many reviewers have expressed concerns about Stripe’s customer service and their handling of high-risk assessments. There are also mentions of issues with credit card processing and unexpected account closures or holds on funds.

Negative Reviews

“Computer says no. Clueless staff and systems which decided that we were a negative response marketing and telemarketing company which they do not permit to use facility. It’s a classic case of a poorly programmed computer and the ‘computer says no’. The customer service team were completely disinterested in providing any assistance. Go elsewhere, there are cheaper and more flexible facilities available.” – John H.

“Business owners beware! Do not use this company. Beware, this company is horrible and stealing business owners’ money. I have been going back n forth fighting to get my money that they’re still giving reasons that doesn’t even make sense. You’re not able to speak with a live representative and they communicate through emails that takes days to respond with the same generated responses.” – Ann Y.

Positive Review

“When collecting donations, using Stripe you don’t need to put full card details to collect donations. Very simple to use.” – Dr. R.

Trustpilot Summary

Rating and General Sentiment

Stripe has an average rating of 3.0 stars from 12,466 reviews on Trustpilot. The general sentiment of the reviews is mixed, with some users praising Stripe’s payment infrastructure and support, while others express frustration with verification processes, missing payments, and customer service.

Negative Reviews

“Years ago the situation was different and it was relatively easy to get your first payout. Nowadays, you need to go through hundred hoops before the first payment arrives. I’ve already verified myself with you multiple times and they keep requesting the verification over and over for every separate entity.” – Sandra Keenan

“3 payments are missing. They say they have paid out but nothing received in my bank. They keep saying I need to provide my bank tracer ID and my bank keeps telling me it’s not something they can check. It’s been more than 2 weeks and nothing has arrived. I have given them 2 more days to pay out or I will be forced to take legal actions against them.” – Jones Slim

Positive Reviews

“Stripe is a very good choice for payment infrastructure. I started working with Stripe and tripled my sales in less than a week with its ability to receive payments from different channels and user-friendly interface. In addition, you can get help on every issue you are stuck with fast-returning and solution-oriented customer service.” – Orkun B.

“The Stripe support team is the best. I know because of their correspondence. Even though my issue has not been resolved yet, they gave me a guide on how to resolve it. I applaud them and encourage them to keep it up.” – ProlificDanny

Stripe Review Summary from Software Advice

Rating and General Sentiment

Stripe has an overall rating of 4.7 stars from 2,958 reviews on Software Advice. Users generally have a positive sentiment about Stripe, praising its ease of integration, functionality, and support. However, there are concerns about Stripe Radar’s efficiency, the duration for payouts, and the processing fees.

Negative Reviews

“Our account with Stripe was closed on 4th May. At which point we had $28,362 in our Stripe account. Money which we had received from our customers and were waiting on Stripe to payout to our bank account.To this day (26th June) they are still holding all of this money.Stripe customer support send very generic emails with little specific information. They keep repeating that our account is under review (it’s already closed so what is there to review?) and they will update me when the review is complete.They refuse to say when the review will be complete and they also refuse to rule out keeping the money.This “review” has so far taken 7 weeks, I have no idea how long it will take (months, years?).We desperately need the money to finance our day to day operations and it’s causing an unbelievable amount of stress. Despite this they refuse to send us our money.I strongly recommend people to avoid using Stripe. Because they are so large you feel totally helpless when something goes wrong and there is nothing you can do. -Alex”

“Awful. If I could count on one hand the number of times I have screamed at my monitor seeing a response from my account manager, support, practically anyone at this organization. We were told we would pay 1x PCR fee per transaction by pricing analysts and when it turned out that the architecture they recommended produces over 2 PCR requests per transactions that even failed transactions are billable, no responsibility. The solution doesn’t work the way it was advertised, check the contract. The worst part is being treated like a child by flippant 20-something account managers who have been reassured that their product is perfect, their customers have no leverage, and that customers enjoy being treated like garbage.” – David

Positive Reviews

“Stripe integrates with a lot of software builders and customer management platforms out there. No matter your app builder, you are a lot more likely to find Stripe integration than other payment processors out there. It’s also very easy to manage and keeps tabs on everything happening on your account, even on your phone with the mobile app.” – Pius

“Not only is their system intuitive, but the customer service agents actually like to help you. No fake smiles over the phone or loud exhaling and strained voices. You know which ones I mean, the kind you get from employees that don’t like their job and it feels like it is a burden to help you. Yeah, never have I experienced this with Stripe. They have a beautiful online system, they have happy employees, that can only mean Stripe really knows how to stay in business and that is very important for my business because I use them on a daily basis.” – Nayeli

Stripe Reviews from GetApp

Rating and General Sentiment

Stripe has an overall rating of 4.7 stars from 2,958 reviews on GetApp. The majority of users have a positive sentiment about Stripe, praising its features and ease of use. However, there are concerns about Stripe’s refund policies, fees for same-country payments, and customer service.

Negative Reviews

“They refunded customers 3 months after the purchase without me knowing and they already have their items. My customers are also upset with this disgusting company.” – Randy A.

“Fees for same country payments are too high and once funds have been taken, they are then held for 14 days. Appalling customer service who basically said too bad.” – Verified Reviewer

Positive Reviews

“They have great features and the capital option is totally awesome. I wouldn’t trade them for the world.” – Marc S.

“Stripe is a great tool and platform. Very easy to use, easy to setup, and secure that clients can trust with their accounts.” – Freo B.

Stripe Reviews on G2

G2 has garnered 274 customer reviews of Stripe, most of which are positive in nature and many of which seem more like marketing language than actual customer reviews. Common themes praise the company’s global reach and ease of use, while others complain of abrupt account closures and funds being withheld.

Negative Experiences

While Stripe’s platform is indeed user-friendly and suitable for businesses of all sizes, these advantages lose their shine when small businesses face delays in accessing their payouts.

Stripe has been an absolute nightmare for me. I’ve been in an ongoing battle for more than a month now, just trying to get my account approved. Despite having all my company’s documentation meticulously prepared, I’m unable to take my business operations live due to the unresolved payment gateway through Stripe. It’s incredibly frustrating how they repeatedly provide incorrect links for me to re-upload my trade license, and they’ve insisted multiple times that I modify information that is already correctly provided. My patience has reached its limit!

Positive Experiences

Stripe provides the best gateway to handle any and all sorts of payments across locations and currencies. It supports over 50 currencies and seamlessly integrates with major platforms. We have used Stripe in connection with WooCommerce and Chargebee and the setup and configuration has been incredibly easy. We use Stripe on a daily basis to process payments of hundreds of customers.

Customer support doesn’t just tell you what to do but they also get involve and guide you, even when you are waiting for an answer you will get a message reminding you that they are working on it. The interface of the platform gives you details of what you earned, what you have been paid, and when are you getting paid. Integration is smooth, again the support team is always there to lend a hand. it doesn’t matter what services or products you are selling they have solutions for everyone.

Capterra Stripe Customer Reviews

Rating and General Sentiment

Stripe has an overall rating of 4.7 stars from 2,958 reviews on Capterra. The majority of users appreciate Stripe’s ease of setup, integration capabilities, and detailed transaction information. However, there are concerns about account suspensions, unclear policies, and challenges with customer service.

Negative Reviews

“Beware of Stripe. Review their BBB complaints. Do your research on BBB to see the truth. Not much at this stage was easy to implement but clear bait and switch. Approving our account then after $25,000+ of revenue is generating, locking our account without notice. Clear practice of bait and switch tactics. No official stance on why we were suspended other than citing a generic policy which we have adhered to. Why did you approve the account and only suspend after it generated revenue? Conflicting responses from multiple customer service agents.” – Tony D.

“It is truly unfortunate that an organization of your size has such poor customer service and fragmented policies. We have asked to speak to someone with actual authority but it appears we have been sent to another loop of customer service representatives with generic responses.” – Timothy S.

Positive Reviews

“A titan in the merchant processing world. Stripe has been a great tool for my small agency. They have been one of the few merchant processing softwares to enter into the banking world without losing their core services or dropping off in customer service. The ease of setup, it integrates well with so many other platforms and now you can send clients pay now links without any coding.” – Wendell J.

“5-star easy-to-use payment processing service and any time further detail is needed on a transaction to help a customer or resolve an issue, Stripe provides great detail on all transactions making it possible to provide valuable information to customers to resolve issues and ensure the customer gets what they pay for and the business receives the payment for goods/services as intended. The easiest to use, inexpensive fee structure, and top-notch fraud prevention. Stripe is hands-down the best payment processing system I have used in my 10+ years leading customer support teams.” – Patrick W.

Customer Reviews of Stripe on CPO

Over 500 reviews have been left at the end of this review in the comment section. Please be sure leave a comment about your experienceto help keep this review as accurate as possible.

Stripe Fees, Rates & Costs

A Closer Look at The Contract

Cost & Fees Summary
Processing Rates Variable
Monthly & Annual Fees Possible
Cancellation Penalties No
Equipment Leasing No (purchasable)

Stripe Fees & Pricing

Stripe’s fees seem fairly straightforward on the surface, but there are numerous circumstances that can increase or lower a business’ transactions fees. Stripe also offers a few optional services that include monthly fees. The information below applies to U.S. businesses. If you are located in another country, pricing may vary.

Stripe’s Standard Transaction Rates

As stated in the “Company Overview” of this article, most card and digital wallet transactions will incur a fee of either 2.9% plus $0.30 or 3.4% plus $0.30. Businesses that utilize Stripe’s payment links or payment link API will enjoy the lower of the two fees. For nearly all other transactions using custom development, the fee will be the higher of the two.

Related: This Stripe Competitor Has More Affordable Fees

Stripe Hosted Invoice Fees

Businesses can send invoices directly with Stripe. The pricing for this service starts at 3.3% plus $0.30 per transaction. The cost of the transaction can increase if international cards are used to make the payment. International fees will be covered below.

Stripe ACH, Bank Debits, and Bank Transfer Fees

For U.S. businesses, Stripe offers several methods to be paid with direct bank transfers. Each of these methods will incur its own specific fee:

  • ACH Credit: $1.00 per payment. This occurs when the customer initiates the payment to the business.
  • ACH Direct Debit Standard Settlement: 0.08% per transaction capped at a $5 fee. Standard settlement clears in four business days
  • ACH Direct Debit Two-Day Settlement: 1.2% with no fee cap.
  • Bank Wire: $8.00 per wire

Interchange-Plus Pricing Available

Stripe will provide interchange-plus pricing plans to high-volume businesses. Interchange-plus is lower cost and more transparent. No official materials indicate how much a business must process to obtain Interchange-plus, but sources have indicated that consideration starts at a volume of $250,000 per month.  Businesses must contact Stripe for custom pricing plans.

Not All Merchant Accounts Welcome

Like Square, the company’s standard policies regarding fraud prevention and prohibited business activities appear to be cause for complaint among many Stripe reviews. Business owners report two specific problems in the complaints below this review and on other consumer protection websites. In one scenario, owners apply for credit card processing with Stripe and are informed that they are approved and ready to go. After processing a few online payments, these businesses find that their payments have been frozen and their accounts canceled due to Stripe considering their industry as “high-risk credit card processing.” These cancellations appear to take effect with little or no warning, and businesses report difficulty resolving the unprocessed payments in a satisfactory and efficient manner.

Reserves and Fraud Prevention

In the second case, businesses express confusion over their card payments being held in a reserve account. This is a common fraud prevention practice that we don’t usually penalize processors for, but it seems that Stripe does not effectively communicate its reserve policies to clients. Business owners should be aware that Stripe’s merchant account agreement allows them to “suspend Instant Payouts to you at any time, including (a) due to pending, anticipated, or excessive Disputes, Chargebacks, Refunds, or Reversals; (b) in the event of suspected or actual fraudulent, illegal or other malicious activity; or (c) where we are required by Law or court order,” according to its terms of service. If your business could be categorized as “high-risk” or you have an elevated chance of chargebacks, we advise reading the company’s terms of use.

Stripe Employee Reviews & Sales Tacitcs

Should You Work For Them?

Jobs & Marketing Summary
Uses Independent Resellers No
Telemarketing No
Misleading Marketing No
Discloses All Important Terms No

No-Nonsense Marketing, No Gimmicks

Stripe appears to rely primarily on its website and advertising to market its services. The company specifically caters its advertising to web developers who would like to add an online payment application to the websites they manage. Stripe appears to quote its rates transparently and truthfully in its official marketing materials.

Watch Out for Stripe Fund Holds

The Stripe website does not prominently list any explanations of its cash reserve and account cancellation policies, both of which appear to be responsible for numerous negative Stripe reviews on this site and elsewhere. It is our opinion that more could be done to help businesses avoid fund holds. Any business owner who is considering doing business with Stripe is encouraged to read the company’s fraud policy (excerpted below), which is similar to most other payment processor fund-holding policies:

We may refuse, condition, or suspend any Transactions that we believe: (i) may violate this Agreement or other agreements you may have with Stripe; (ii) are unauthorized, fraudulent or illegal; or (iii) expose you, Stripe, or others to risks unacceptable to Stripe. If we suspect or know that you are using or have used the Services for unauthorized, fraudulent, or illegal purposes, we may share any information related to such activity with the appropriate financial institution, regulatory authority, or law enforcement agency consistent with our legal obligations. This information may include information about you, your Stripe Account, your Customers, and Transactions made through your use of the Services.

Related: Worried About Funding Holds? This Stripe Competitor has Live Phone Support

Our Stripe Review Summary

Our Final Thoughts

Stripe is a credit card processing provider with a focus on e-commerce and online payments. While it boasts a transparent pricing model, some Stripe reviews express concerns regarding slow funding or unsatisfactory customer service. As a result, Stripe is rated less than a 5-star merchant services provider due to limited customer support options.

Since our last update, Stripe has seen a significant increase in customer reviews and complaints. However, it’s essential to note that the overall complaint volume remains relatively low considering the company’s size. The majority of Stripe’s clients appear satisfied with its transparent pricing and ease of use. Nevertheless, the company’s reserve policy, cancellation policy, and customer support are the primary sources of dissatisfaction among customers.

Business owners are advised to thoroughly review Stripe’s terms of service and compare it with other e-commerce merchant account providers before making a decision. Considering the strengths and weaknesses of different providers can help businesses identify the most suitable option for their specific needs.

Our Other Stripe Articles

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Which is Most Important for You?

If you had to pick one, which quality would you say will be the most important with your next credit card processor? Tap or click your selection to register your vote:

  1. Low Transaction Fees
  2. No Monthly Fees
  3. No Contract
  4. Reliable Customer Support
  5. Quick Signup

Testimonials & Complaints

How Did Stripe Treat You?

494 User Reviews



    This has been the most frustrating experience I have ever had with dealing with a payment processing company. They have been holding almost $10,000.00 of MY MONEY for 26 days. One of my best customers purchased hotel products from me and paid with a credit card 26 DAYS AGO, and Stripe will not release my money to me despite several chats, emails, and phone calls. If there is a class action lawsuit brought I will be happy to join. They can provide NO reason for holding my money other than “there could be a dispute” which is asinine as this customer who paid with their credit card has been an excellent partner to me for almost 2 decades. You also cannot get past the “front line” of people answering the phones to be able to speak directly with the “higher level” Stripe employees to get it rectified. If you are a small business and cash flow is critical for you, never consider signing up with them. I wish I could close the account but they will not allow it if you have funds, but they won’t release the funds to be able to close the account; classic catch 22 by design. These are predatory practices and should not be allowed.

  • Philip Golabuk


    The email pasted below, sent to Stripe on 09 January and copied to Stripe’s CEO, explains why we felt it necessary to post this negative review as a cautionary note to anyone considering Stripe for payment processing. In short, our bank account was charged back with no notice, no explanation, no opportunity to contest an alleged dispute that Stripe claims was carried over from an account we had closed previoiusly. Despite our reaching out half a dozen times to obtain the details of this alleged dispute, Stripe ignored the issue for weeks. The regulations regarding payment processing prohibit any payment processor from unilaterally charging back funds without due process that provides the merchant with the information and time needed to contest any dispute. Since Stripe has chosen to ignore our numerous urgent attempts to obtain the details of this alleged dispute, including the email that follows below, we will be pursing the matter with the appropriate compliance agencies.

    Dear Stripe:

    On 26 December, Stripe charged back $125 to our account for an alleged dispute carried over from an account we had closed by mistake (and immediately reopened). Stripe took this action giving us no notice, no explanation, no due process, no opportunity to contest. That was two weeks ago. Despite half a dozen urgent requests for support including several emails and two hours spent on the phone with your agents, we remain in the dark. We were assured that this was a simple matter of your escalation team restoring the deleted account, so that we could log in, review the details of the alleged dispute, and contest it as we expect to do, since we have had no client complaints, requests for a refund, or any other indication that there was a problem that would have led one of our clients to file a dispute. In fact, in over 30 years of practice, PhilosophyCenter has not had a single payment dispute or chargeback. As it is, we have not even had the courtesy of an update.

    We expect our payment processor to be a partner, not a problem, but at this point, it is clear that Stripe has failed to meet its regulatory and legal compliance obligation to provide merchants with notice and due process in the event of a dispute, and either cannot or will not provide the information we requested and to which we are entitled by the regulations governing payment processing disputes. We have tried repeatedly and in good faith over the past two weeks to get this information from you, so that we could contest this sudden, unilateral, and unexplained chargeback to our bank account. And while the amount is trivial, the issue is anything but. This is not the Stripe we know and have trusted since 2018.

    Consequently, we are directing Stripe either to reverse the $125 chargeback to our account or provide us with the promised information so that we can proceed with contesting the dispute by week’s end, failing which, we will pursue the matter with the appropriate third parties, as we no longer have confidence that Stripe intends to provide the needed support to get this resolved.

    We have copied this email to Patrick Collison, your CEO, as we feel such outreach is warranted, in the hope that he will feel the same way that we do about this mishandling of our account, and do whatever he feels is necessary to remedy this situation.

    Philip Golabuk


  • Brady

    Ring Makers

    How can STRIPE even be allowed to do business? They are a complete fraud. I had 2 fraudulent charges where I sent items and the people did charge backs. I lost my merchandise and money, all the while STRIPE did nothing to help me.

    In return and to my surprise all they did is freeze thousands of dollars and take 25% of my ongoing sales.WTH! I did nothing wrong here, I was ripped off by the consumers and now im the one being punished.

    This is probably the biggest bank scam in history and they’re getting away with it.

    tbh I am even scared to leave any of my information connected to my business on here in fear that this is a phishing scam all set up by STRIPE.


  • Michael Robbins


    We used Stripe in a fundraiser to bring hemp to Ethiopia. It’s early stages, raising money for paperwork. We were rejected for being “cannabis related,” we appealed, we lost and were given a deadline to cease using Stripe for this purpose. We complied with the deadline, but Stripe kept the funds raised before the deadline.

    • Michael Robbins


      What do you know – a week after I started publishing these reviews, Stripe released our money from [link removed – promotional] About eight months after seizing funds. This is why Stripe is at least 2 star. It can be pushed into doing the right thing eventually.

  • Hope

    Hope for Your Books

    Stripe is AWFUL. I did all the things I was supposed to do. They have a ridiculously long hold time for your payout and despite that my financial institution account was authenticated, Stripe sent it who knows where and would NOT do anything to fix it or help me. I finally chased down the problem and got a letter from my financial institution stating the funds never went to my account and I still do not have my money. I doubt that I will ever get it. Do not trust this company.

  • Bomi

    Peak Health

    Does anyone have the legal department’s contact information?
    We are owed 20,486.00 by stripe that a customer paid through a virtual ach account number listed on the bottom of the invoice. And stripe is saying they can’t find the money nor have helped to figure out the problem.

  • Wolf

    A-1 enterprise

    Stripe are flat out evil. No mention of all the circles you have to go thru until you process the first card. Then the floodgates open. After days of submitting every personal document they determine your a high risk and the customer declined the charge then lock your account with the first transaction in pending which they have already charged the customer for and refuse to refund or release it. The customer happens to be a close friend so that was a lie. Before the 30 days my friend disputed the transaction and was told that this is common with stripe.

    Stay far far away…dave

  • Lawrie Hollingsworth

    Asset Technologies, Inc.

    this company is exploding. After a year of successfully using the portal, settling my funds are being held up for weeks. It’s not possible to talk to a live person, and I received email after email saying that the links my websites weren’t working, they didn’t have the correct information, for me etc. His only when I threatened to file a complaint with the California States Attorney that certainly all my problems were solved. I can’t get away if this can be fast enough, and if you’re having problems I suggest you also advised them that you’re going to talk to the California states attorney since are headquartered in San Francisco

  • abraham schwimmer

    I used STRIPE to process payments and when i reached approximate $16.000 i realized that the money was not paid out by stripe to my bank account i called them up and they said that because i don’t have a business website they cant verify my business so everything is paused for 90 day so the story is still in process i am now taking legal action against them

  • Carla

    MindStory Coaching Ltd.

    After using my Stripe account for a year, they are now saying they need proof I’m a beneficial owner of my business. I’ve uploaded four documents to prove it, and they still are holding my money and now are not even getting back to me anymore. I don’t have any disputes and a great track record. Is seems like they’re making up fake reasons to hold onto people’s money to manage cash flow. All you have to do is look on social media and better business type sites to see the thousands of complaints, it’s growing more each day. Are they about to go under?

  • Claudio

    I withdrew (they call it Payout) USD 280.99 and my bank received USD 226.84. When I asked where my USD 54.15 were, I was told in an online chat:

    “Diving deeper, since this is a USD payout, Alternative Currency Payouts are paid out via our banking partner, and depending on the receiving bank, it might be routed via several intermediary banks depending upon the recipient bank. Some of these intermediary banks might charge additional fees, resulting in a discrepancy in the payout amount versus the received amount.
    Stripe has no control or visibility over these fees, and therefore cannot assume liability for them.”

    What a SCAM! Basically what they say is: We can pay you what we want, and we are not responsible.

    Before making the payout I asked what the fees are and they said there aren’t any. And then they keep $54.15.

    It’s a SCAM! Stay away from Stripe.com at any cost!!!

  • Shani

    Stripe are scam artists. I used Stripe as a payment gateway to process funds through my e-commerce website. Everything was fine up until stripe sent me an email saying that they will reserve 10% of my funds. The email states, in other words, since my account had a high dispute rate, they would reserve 10% of my funds.

    Mind you, I only had ONE dispute DUE TO THE FACT the customer was trying to scam my business. He put in a dispute after I sent him a tracking number so he could get his money AND receive the item. He purchased July 3, 2022 and waited the day after receiving the tracking number (July 6,2022) on July 7, 2022 to do a chargeback. I contacted the customer and he didn’t respond so I refunded him.

    After that, I didn’t have anymore disputes. All customers placed their orders and their items were shipped. Once I seen stripe was holding my funds and I couldn’t cover the shipping cost because of this, I stopped using stripe completely so there was no activity such as risk, disputes, or anything of that matter that was raised.

    I saw that they were holding $757.58 of my profit and $240.49 in reserve. This is after September 9, 2022 btw. They said they would RELEASE ALL MY FUNDS SEPTEMBER 9,2022. This is all in email! I didn’t have no additional disputes so extending my reserve wasn’t necessary. I have been in contact with several reps and they kept telling me to send in pictures of my inventory. I told them I was no longer selling so I don’t have that much but regardless I was promised a release of my funds Sept 9. They disregarded and kept asking for pictures. They also said they would extend my reserve.. FOR NO REASON! Just today, I received a email saying my funds will be held for 120 days and they also won’t be taking payments because of “non-authorized payments by customer” when clearly all payments were authorized. I want my payouts!

    • Marilia

      Finest journeys

      Who gives Stripe the entitlement to freeze our money and keep it forever in their hands? when a client paid USD 4700 the funds were blocked, for 90 days.
      It’s a Ponzi scam, why is the financial authority not investigating?

  • Dissatisfied Customer

    They closed our clinic account because we test for, and treat COVID, in the every early stages when progression can be halted. We are one of the only resources in our rural community, and they made this decision without consulting us, or, any knowledge of care or urgency of care to base their decision on. Appeals were met with auto-responses.
    This is not the only issue with Stripe, though, and had we read the reviews prior to purchasing their service, we would not have chosen Stripe. Yes, they can integrate with most anything, but they are no help in setting it up. Customer service is virtually non-existent, and really, you need to contract someone to set it up with your existing tools for maximum efficiency.

  • Ian Eversley

    Retailer Services

    Square, Stripe, Paypal and WePay are not real credit card processors. These are money transfer companies claiming to be credit companies. Please, please do business with a real credit company. These companies actually steal your money and with no oversight agency they will continue to do so. You need to go with companies like [company names removed due to our non-promotional comment policies]. These are real credit card companies and have to abide by the credit card association rules. Square is own by Jack Dorsey, the owner of Twitter. These guys don’t card about Square’s customers. When you file a suite against Square, it never makes it to the top unless you are asking for five million or more. They treat customers like animals and just continue to take their money. The percentage rate will tell you these companies steal from honest hard working people. 30 cents plus 2.70% this is actually 3.00 per hundred dollars they they take. A regular credit card company charges about 15 cents plus 1.30% normally that is about $ 1.45 cent per every hundred dollars you make. Please, please these companies are only robbing merchants every day. They come with slick equipment and flashy websites to lower merchants in. Do not fall for the bs, regular credit card companies offer the same or much better.

  • Mon Nasser


    We were excited to implement stripe.com in our site as they provide good APIs for software developers. The integration was smooth and we were up and running in a short time. Once we started using Stripe for credit card transactions, we quickly discovered a huge problem with their service. Here is what happened:
    One of our clients accidentally double charged their credit card when they ordered one of our products. I am not sure how they did this, but they contacted us to report that they have a duplicate charge on their credit card statement. Of course we immediately refunded one of the charges via Stripe online console. This worked fine, but we noticed that Stripe did not refund us the 2.9% credit card transaction fee when the payment was refunded. In our case, this was a considerable $116 fee. When we contacted Stripe about this, they had a canned response that states that their policy is to keep your transaction fee even if the payment was refunded!
    Think about this from a merchant point of view for a second. Not only you have to pay Stripe 2.9% of all sales you process via their service, but also you have to pay them 2.9% of sales you DID NOT make! Its not enough that you lost the sale, profit, and maybe shipping fee and got an open box as a result of the return / refund, but also you are getting penalize by Stripe for the refund!
    Refunds are normal part of the credit card business, and for Stripe to penalize its client for it is outrageous. Other merchant accounts companies we used in the past did NOT do this. Rather, they refunded all the fees and only charged us $0.30 (30 cents) transaction fee for the refund. That was it. They did not keep 2.9% of the sale amount.
    Needless to say, we are shopping for a different credit card processing company. We are totally disappointed with Stripe and the fact that we wasted so much of our time implemented their lousy service.

  • Former Employee

    Stripe is terrible do not trust with your information they use a third part called. Sykes that allows anyone to work there even criminals. They the worst people to work for and good luck on getting support every is working from home and instead of responding to customer concerns there watching Netflix and smoking weed all day I would leave stripe today your information will be compromised

  • Emily Martin

    Stripe has the worst customer service that I’ve ever encountered. I chose to order their verifone and chipper readers after signing up with floral next. After receiving the products they refused to speak on a phone and insisted I needed an integration system that at the end of the day was not required. Furthermore, they sold me a verifone which is not even compatible with floral next. When I originally signed up with Stripe they assured me I’d be able to speak with someone with any customer service issues verse email. When I emailed my concerns about setting up my Stripe equipment this is the message I received.
    “While I would love to jump on the phone and have a chat with you, currently myself and my team do not have the ability to accept or make phone calls, due to the nature of Terminal queries, as they tend to get complex quite quickly. I completely understand any frustrations this may cause, as I understand technical questions can be answered that much quicker over a phone call.”
    I’ve decided to stay with my previous credit card processor and only use Stripe for a back up on the holidays.

  • Michael

    Hey, if you’re looking to start a business or need to transfer money for the love of God please just NEVER use stripe. Spread the word. They don’t deserve to be open they can keep your money forever by law so please keep you and everyone you love safe and use anything else its not worth it I promise you.

  • Jose cano

    NEVEE USE STRIPE! I been waiting so long for my money to clear ,and is not the first time,it doesn’t matter if it’s small amount or large amount,takes almost a month for you to have your money…no number to contact only vie chat or email. I’m tired, I will never use it again in my lifetime! Period!

  • Rhonda Bignell

    sed Stripe for 3 months. My product had only two prices, but Stripe’se hold-backs and amounts sent were completely random which made tracking amounts and bookkeeping a complete nightmare. The amounts were so random it was next to impossible to figure out if I was receiving what I should from them. Will never use them again.

  • Shanelle Graham

    Stripe is terrible
    Stripe is terrible. I have used it for 2 separate companies and both times I have encountered issues. You can process regular payments every week for months, then suddenly they lock your account down and claim they need more information to verify your account. You oblige, jump through some hoops and expect to have your payout processed. But then they set those hoops on fire and expect you to jump through those if you want to see your money! How can a company possibly be fine processing the same payment week in, week out for 6 months, and then suddenly there are issues??? When you try to speak to support via email they decide to ignore you and show they have little care for your ability to pay your employees or keep your company operations running. I will definitely be taking my business elsewhere. I DO NOT recommend Stripe.

  • David Robert

    Stripe can hold 25% of money for 2 months on your first transactions. They notify you of this procedure AFTER you opend your account !

    I had to open an account for the money transfers of a crowdfunded artistic project. I am still waiting for the missing 25% to finish it. No need to tell you that i pay interests right now on my credit card for that amount while they are probably doing interests on the money of thousands unadviced custumers like me…

    I recommand anything elsa but Stripe

  • Jess

    I booked a stay at a townhouse that used stripe as their payment processor. I’ve never used that credit card for anything else. The next day there were 3 charges that I did not authorize. Luckily capital one caught the 3rd one and alerted me. They declined that purchase, refunded one, and are investigating the last one. But the only way anyone could’ve gotten my credit card information was through Stripe. Now I have to go file a police report because they have a of sensitive information which is terrifying. Stripe obviously breeds fraud, stealing money from merchants and then trickles that down to the customer. One charge was for a fraudulent business that doesn’t even exist. I would stay away as a consumer and a merchant. If you have used them, keep an eye on your credit cards.

  • Jessica Rahn

    As a consumer I recommend any other service. I found a charge on my card that came from stripe. I reached out to see what it was for only to find it was for a gym in another country. Stripe recommend contacting the company directly, I emailed the only listed contact. . . And of course no response. Stripes response was essentially your SOL nothing we can do. How about looking into companies you allow to set up to make sure they are legit not just scams!

  • Mehmet Akif

    Stay away from Stripe;
    1. If you have a startup company
    2. If you are selling untangible goods like software, hosting etc.
    3. If you will need to code to integrate (any business)

    First of all they can suddenly freeze your account even if you have zero disputes,refund,charge-backs.
    They are very unprofessional, they will review everything, approve and they suddenly cancel without any reason after you work a lot to integrate your sytem. And this interruptions will make you lose money, time and reputation.

    You will think that we have something wrong so we encountered such issue with them. Clearly, No!. Any requested document were supplied and approved, our business model is very clear and there are millions of companies do what we do, we sell domain/hosting with a free shopping cart. This company is a Scam. They may not be for all types of businesses, but if you are one of above; they will be a SCAM for you. They are not startup friendly, they are not tech friendly. Very bad experience during this pandemic they damaged our business plan! Shame

    • Shanelle Graham

      Just wait. We got caught in that net as well. 6 months down the track, making the same regular payment every single week and BAM! They suddenly lockdown our account for no apparent reason. The hilarious thing is, it is my business partner’s credit card being charged to add funds to our company account. So they have locked down our money paid by us (not even charging a client or third party) and refuse to give it up. Support asked for a bunch of information which we provided so then they decided to dig up more info they require and have since just stopped responding. Be careful.

  • MaryEdna Salvi

    Hey there, I am not a business though I am or might after reading this, am signing up to a site that offers courses and they take payments from Stripe (never heard of them so started a search) and paypal, and I really don’t like them, so as being on the other side as a customer I am concerned by the written complaints how it might effect me. it is a bit confusing with the videos backing Stripe as a decent company and then reading the complaints. Makes me wonder if the people are being compensated somehow, just wondering. I will say your upfront with the negative experiences of your past customers.

  • Jenny Hansen

    Absolutely recommend staying away from Stripe. Their customer service is completely unapproachable, Most word of mouth is less than satisfactory, many glitches occur and quite frankly, there are just so many better competitors out there. Life is hard enough when things run relatively smooth. Do yourself a favor and steer clear of STRIPE !!

  • Saad H.


    I had a very bad experience with Stripe.com Payment Processor for my ecommerce business and would like to share it.

    I started using Stripe as a payment processor for my ecommerce website On July 2020, and I made about $20K through their payment processor.

    I have been providing them with all required tracking numbers and was handling customer service very well and all of a sudden they decided to deactivate my account
    and put a hold on %100 of my money for 4 months.

    So, I waited 4 months to get my money back which was supposed to be at December 2nd. 2020.

    Since then, they’ve been postponing withdrawl EVERYDAY and I have been contacting them several times over email and they always get back with the automated replies!!

    I changed my payment from automatic to manual, and whenever I click “Pay out to bank” they show a warning sign “Can not create payouts” and I have to contact support!!!

    I will keep emailing them till I get my money back.

    But, hope you guys stay away from them. I don’t recommend Stripe at all.


    Kind regards

  • Robin

    Worst company EVER!!!
    I signed up for their CC and ACH services upon recommendation by my accounting software. The very first transaction had an issue that could have been resolved by a 10 minute conversation with a human being. THERE IS ABSOLUTLEY NO WAY TO CONTACT STRIPE except by email which returns you an automatic response indicating they will follow up within 24 hrs….THEY NEVER DO!!!
    So over a month later and countless attempts to contact them INCLUDING BY A DETECTIVE WITH THE ALBUQUERQUE POLICE DEPT… There is still no resolution. Stripe is still holding on to nearly $10,000 of a customers payment…and the customer who thinks I have his payment has spent all that time completely trashing my reputation. DO NOT USE STRIPE!

  • Kim C.

    I hosted a personal fundraiser on Facebook to help save my home from foreclosure.
    Now Facebook and Stripe are giving me the run-around. They are not depositing my funds into my bank account.
    They claim wrong account numbers etc, when I know it is correct (and was correct) I sent the proof, yet they are still not paying. I hear different excuses and they contradict themselves on the same msg thread.
    I am at my wits end. I will lose my home bc of Facebook and Stripe.
    $1800 from my family and friends GONE.

  • Ariel R Young

    No we didn’t my cousin set up a fundraiser for our family on Facebook, Facebook uses stripe for payment. We raised 1665 dollars on the fundraiser we were thrilled bc we lost everything in the fire and thought that would help with finding a place. But the first payment of 1,222 dollars that was supposed to be deposited in to the account was never deposited. We only received 482 dollars of the 1665 we were supposed to receive and when we contacted stripe they had no clue how it happened stating it was probably something with our bank. I have copies of my bank statements and my cousins bc they tried to say it was deposited to my cousin’s then tried saying it was deposited into mine. It was never deposited into either. Bc of this we had to live with my cousin and her family for over a month. We had a hard time getting any clothes for my children bc we had to spend my husband’s checks on food. We had and they deposited the other payments slowly and only 90 dollars or so sometimes only 20 dollars every other or ever couple of days. I want the 1,222 dollars I was supposed to get. It’s not fair that we were already suffering in the position we were in but for them to ot pay us the money other people donated to us is ridiculous.

  • Harward Cheung

    ATTENTION. Stripe does NOT have the seller protection as PayPal does. The chargeback protection is a joke, which is not the seller protection. If the package is delivered, even signed by the buyer, the buyer can still claim an “item not received” case. And Stripe will charge you, the seller, the processing fee and you will lose the case, because the decision is done by the buyer’s credit card company. Stripe only forward “information”. There is No support or no help from the Stripe customer service. This is what they reply “Unfortunately, proving that the product was delivered is not enough in these cases, and you need specific evidence to show that the cardholder received it.” GOOD JOB. I pay the service fee, and my money is never undercover. I only received and lose two such cases. $500 were gone and the fraud took my items. Bye Stripe.

  • Mouad

    I will never recommend stripe to anyone.
    We are a small business with 0 chargeback for hundreds of transactions and stipe limited our account for 90 days, they say it’s because of the potential high risk of our business. We are selling kids toys, in which world is it considered as a high risk business
    We talked to their support to explain that we are not considered as a high risk business i. Stripe’s policies but they don’t mind, after making such decision, they can’t restore the account and if no customer opens a dispute they may release our money in 45 days.
    We are not the only company that got limited for no reason, there is a lot of connections who got the same problem in the same month.
    No recommending them to anyone.

  • Bill

    Stripe customer support appears to be operated by robots overseas that have zero power or discretion to address customer complaints or processing issues. Obviously this policy starts at the top and let the small business owner beware as Stripe will get their fees regardless of whether a transaction is cancelled, reversed or rejected by the vendor or customer!

  • Sherry

    We are disgusted with Stripe and will be leaving their service as soon as we are paid all of our money. Every time we get a customer payment, we literally are waiting 10 to 12 days to get paid for it. They are only supposed to hold your money in reserve for 7 days, and that’s only after your very first customer transaction. We would never encourage anyone to use their services.

    This post will help: Best E-Commerce Merchant Accounts


  • Jeffery Hill

    Shocking lack of concern for Fraud. Someone opened a merchant account in my name. Stripe does not care. They will not do anything.

    So someone out there, is charging stolen credit cards in my name and they don’t care. My business is as risk and consumers and facing fraudulent charges on their credit card and Stripe will not even talk to me.

    I think their actions are criminal.

    This post will help: Best E-Commerce Merchant Accounts


  • Starkmaids

    As a small business owner, I will not recommend Stripe and possibly will rank it as the worst payment gateway we used. We are still trying to remedy the situation, no respond from Stripe, other than an account revisit. Look we understand, they have terms we (i.e merchants) need to follow, we had some refunds, we run a cleaning business. When we sign up for Stripe, we ran some customer via an interface which appeared well in our business. This company that provides software also recommended and only integrated with Stripe. A few weeks later, and Stripe disrupts our business by stopping all payments, revoking access and closing our account with the exception of the data on there. We quickly moved our clientele to our credit card terminal and former SaaS. When we needed to refund two clients that canceled before all of this, Stripe wasn’t there for us, not even via email. No respond anywhere and BBB has several, if not very common robot like responses from Stripe. On BBB you would find things like; “Stripe identified strong signals that the Complainant’s account was in violation of the Stripe Terms of Service.”They also quote things like their ToS, Agreements and such, many articles are not revised witin Stripe Legal Terms, some cut into things like risky businesses and then they provide lists of industries not accepted or restricted, but they worked with many. Stripe just doesn’t quite provide a policy in place that would give enough trust to small businesses. They’ve been hurt in the past by the lack of vetting and fraud control, that now they’re skeptical of everyone. Listen, we run a small cleaning business, zero bad customer reviews to data! They said we had unauthorized transactions and then admitted we really were to risky for them. A cleaning company too risky for a payment processor when was such a thing true? My staff and I, are preventing two of our biggest clients from leaving us after the disruption, because they won’t take anything but a refund to their card, we don’t expect anything from Stripe. But we think that they should stick to software startups and even them, these companies are simply to scare of Stripe.

    This post will help: Best Merchant Accounts for Cleaning Services


  • Stripe scam ppl

    The worst company I ever had to deal with, support team that gives wrongful information, full of mistakes and not synchronize with each other.
    Stripe closed my account cause I login outside the USA, the company US LLC entity finished the form to get an account, the whole process was with their representatives, and everything was as they requested, they got all the forms.
    They approved the account!
    A few weeks later, after successful payment, they decided to close the account, with NO REASON.

    My advice for you guys, STAY AWAY.
    There are a lot I alternatives.
    Only after they will lose a huge amount of costumers/businesses – maybe they will check themselves and stop acting like a scam company.

    This post will help: Best E-Commerce Merchant Accounts


  • Ja Mason

    I’m actually a buyer for one of the fake/scam websites from shopify that using stripe for the payment site which I didn’t know that I was using their service. After I got scammed for $140 for a phone that I never received, I filed dispute for charge backs against actorsss.com, which by the way the site is closed already due to scam, Stripe protecting the charge back saying that I purchased a digital download and has been used ( they have no proof I made this purchased) also they describe actorsss.com as a medical service provider which doesn’t make sense of selling digital down load to me ( it’s not like they have video, audio or games in medical service ). Stripe also provide me with some kind a research on my info such as card #, ip address and cvv code on my card which all came out pass/true but on their merchant the address is fail because well it’s fake address, but then yet they still denied my charge backs and protecting the scammer.
    SO BUYER !!! Beware when you see your payment is being handle by STRIPE !!!!

  • Glen Kraft

    I have nothing positive to say about Stripe Inc as a company or payment processor. I am not sure how they are continuously allowed to scam people out of thousands of dollars without any repercussion. I attempted to utilize their payment platform service as a payment gateway for my consulting company and was met with abstract and nonsensical responses to my inquiries as well as zero resolution in regards to the whereabouts of the payments I received via Stripe Inc. I can only hope that they are made to answer for their wrongdoing and make reparation to the many who have lost time, money, dignity, and most importantly their customer relationships. If you are considering using Stripe Inc for anything at all, I strongly urge you to READ ALL OF THE FINE PRINT, TERMS AND CONDITIONS, ETC, READ EVERYTHING before beginning a relationship/partnership with this company. They have written in so many underhanded, backdoor, blanket statements that no matter how right you are as a Stripe patron, you will be wrong or in violation of something. They have really gone above and beyond to ensure that they are always “justified” in their sneaky actions. I am not bitter, but lesson learned. Guess you could say I earned my ‘stripes’ with Stripe Inc.

    This post will help: Best E-Commerce Merchant Accounts


  • P Abramson

    Stripe processed a credit card charge despite it having been deleted, cancelled and made unchargeable by the issuer of my card within a few minutes of the charge (b/c of a typo which increased the charge by factor of 100). I needed to file a dispute, and Stripe was contacted by my card issuer rather than the merchant, and Stripe told the issuer that it had properly processed the charge and provided the card info. This Merchant provided no method to contact them, and the website where the charge was made produced no info on the charged amount until it was actually handled by Stripe, who provided no info until the charge was handled – i.e. no review of the charge before implementing. This is a fraud – by enabling the Merchant to use Stripe as a shield against addressing what was plainly an erroneous unintended charge and would have been voided by any ethical or responsible merchant.,

  • Nick Smith

    We are shop owners and had two sales reversed by stripe for over £2500. We sent out parcels for Orders. But then then customers say the item is faulty. Stripe immediately reversed the payment even without checking with us first. We lost these 5 products and lost the money resulting in total of £4000 lost as we didn’t get the products back after the complaint was made. Stripe immediately takes a customers side and the retailer loses all this money. We have had enough of them and moving to new service. If you’re a retailer don’t use stripe they don’t care about you losing your products and losing your sale money.

    We are honest reputable company Smithers of Stamford. It’s just shocking that stripe automatically takes the customer side and refunds without even giving us time to submit proof. One order was 3 months ago we disputed and we’ve sent over proof of shipping with DPD. We still did not get this money back. Be very aware of stripe if your a shop . The service is fraudulent sometimes.

    Stripe say the customer is always right and don’t protect the retailer

    This post will help: Best E-Commerce Merchant Accounts


  • William J Rutledge

    Watch out! I signed on with Stripe so I could accept Euro payments for a conference we’re producing in Brussels. After 2 months, without warning, they cancelled the service claiming that they had reviewed our business and decided it was too high risk. I’ve been accepting credit cards for six years without problem. Going back to Authorize.net for now.

    This post will help: Best Multi-Currency Merchant Accounts


  • Luis Goicochea


    As I am writing this, I am currently looking for other payment-processors for my Shopify-store. It is astonishing that a company as serious as Shopify would ever recommend or have Stripe as one of their main payment-processors.

    Stripe is an extremely unprofessional and unaccredited company. They have no customer-service phone line; and basically no phone of telecommunication. Most of their customer-service is automated (bots), and it is extremely difficult to find an actual representative (with experience) that is willing to investigate and help you with a particular case.

    Recently, I received a dispute for ‘fraudulent’ order. An order of over $550.00 that was paid, handled, and successfully processed almost 3 months ago! How is it possible, that after 3 long months, and after their own ‘fraud-analysis’ (which Stripe does on every order you receive) was cleared, suddenly the order is marked as fraudulent? Instead of helping you with the case, they make you submit evidence (which I did, and I submitted irrefutable evidence), yet they still make you wait about 1-month for a response; in which almost, 80% or more (regardless of how professional your business is) the customer’s bank will deny the dispute and you will lose your hard-earned money.

    What angers me the most, is that we emailed the customer, we shipped the order on time (perfect conditions, new item, boxed properly), and the customer never even communicated with us to let us know that there was something wrong with the order.

    Stripe is unprofessional (and I would even argue that some of their activity is illegal). They immediately put their hands on my bank, without any right, after over 2 months of an order, which was not fraudulent was the customer claimed (according to Stripe’s own fraud-analysis mechanism), plus the customer’s shipping/billing-address matched perfectly, and the address was a medical-center (we sell medical/dental related products).

    We will escalate this particular case with our bank, as we will not allow Stripe to illegally abuse their power and take our hard-earned money, especially then the customer has not even returned the product back to us. We will also eliminate Stripe immediately from our Shopify store.

    I would advise anyone that is professional, and that has been selling online for years, to look for a better and more professional payment-processor. Stripe is an absolute joke of a company.

    This post will help: Best E-Commerce Merchant Accounts


  • John

    Charged $342 for a refunded purchase. Similar to a review below, one of our transactions was incorrectly processed with an extra digit ($xx,xxx but should have been $x,xxx). We immediately refunded the full amount to customer, yet Stripe is charging a $342 transaction fee and will not give us a break on the fee.

    We are an early stage business and $342 represents our profit on this job. Stripe has raised upwards of $785 million, yet they can’t offer flexibility for customers that are attempting to get off the ground and that made an honest mistake.

    Poor business practice and a disappointing experience.

    This post will help: Best Payment Processors for Great Customer Service


  • Jerome Fried

    I have had a similar, if not exactly the same experience with this company. They have held over $1800 of money due me from services rendered to clients in health care, claiming that they can not support my business, as it is in violation of the terms of service. If that is the case, why did you accept the funds to begin with? Why did you approve the account in the first place? The fact that they’ve held this money *for over two years* is unfathomable, and while I have been tolerant and resisting the urge to sue, they haven’t left me a choice. What they HAVE done is leave me in a terrible position of having to take them to court. It is the only recourse I feel like I have left, having exhausted every other avenue of recovery. I can not warn more strongly against doing business with Stripe – they can and will change their mind about the status of your account, and they will steal your money, as they are trying to mine…CAVEAT EMPTOR!

    This post will help: How to Make Your Payment Processor Release Your Money


  • jair

    RUN AWAY FROM THEM! I’ve been having fraudulent transactions for the past months. I contacted Stripe to inquire about their fraud protection services and if there was anything other than my manual internal processes to avoid frauds. They responded that they have done everything on their side to avoid it and there was no further action from me to be taken. I’ve kept a closer look on every order and although Stripe judges transactions as safe many of them are not. I’ve researched and spoke with the Stripe rep which security measures they take and it turns out that they don’t do many of the standard checks. This has cost me 20K and now I get an email that I have 5 days to leave them and choose a different payment gateway as my risk level is too high. Also, 2 of those 5 days are Sat and Sun when everyone is closed and can’t help you with anything. It’s funny how we need to pay for their poor service.

    This post will help: Best High Risk Merchant Accounts


  • Annika

    Charged us $374 in fees for a refunded purchase, human error caused one too many zeros when putting a card through. We refunded it to the customer immediately but we were still charged an insane fee for money we didn’t even make. Several phone calls and emails later and we just keep getting the same 2 lame (and conflicting) answers. “They changed the policy a years ago, if we had been there longer we wouldn’t be charged the fee”. And “there’s no way to avoid this fee because it cost them so much to process the charge”. If you are human and may ever possibly type something incorrectly, AVOID THIS COMPANY! Use SQUARE instead. Same price, much better customer service and no fee on refunded charges.

    This post will help: Best E-Commerce Merchant Accounts

  • Frustrasted Customer

    I started using Stripe a couple of months ago and everything has been great. It wasn’t until my business partner and I tried to switch the account we wanted to receive funds in. From there it went down hill. They wanted to verify something’s and we didn’t mind the verification thatvis a good thing but they dragged this process out for weeks. Everything they asked including me being the sole business owner had to turn it over in my partners name. I did just to collect funds from my business that had been made already by me. They held over $700 of my my money. The biggest thing for me is they did all communication through email. They never picked up the phone. There is no phone number on any of their sites or information. I asked repeatedly in the long threads of emails could someone call me and they refused multiple times. Finally, after they moved my funds back for my payout at least for the 10th time. I was going to call my lawyer for him to get involved and they sent an email saying someone was going to call me. I am beyond exhausted from this situation and I had to find another way to collect payments so they would hold anymore of my financials coming in. If you can don’t use this company.

    This post will help: How to Make Your Payment Processor Release Your Money


    • Matt Constantino

      i am dealing with this exact situation with them multiple times ive been in conversations with their “tech support” been told what i need to do only to find out months later… “oh you’ll have to check back later in a few more months”. ill bet they make everyone wait their 7 day waiting period for funds that takes more than 10 days sometimes!! so frustrated with this company and their never ending in changing for rules!

      This post will help: Best E-Commerce Merchant Accounts


  • Avi

    Be aware of stripe they seem like a big scam.
    stay away from Stripe, stripe.com is a big scam big fraud company, they have a nice trick to keep their business with high credit score.
    they dont answer support unless its convenient to them, and they will hold your money for few months without any way of you controlling it.
    they are now holding 20,000 USD, saying my customer disputed 1000 usd deal 4 months ago, which never happened, my customer and his bank never made a dispute for this.
    for 2 weeks the havent replied to me, while i try to contact them endlessly. 
    they dont provide any proof of claimed dispute, and if they do answer my emails, the only say that they are transferring me to the appropriate person.
    they waited 4 months untill I had a nice amount of money coming in so they can hold it for no reason, they are horrible, they dont care for their customers, I need this money urgently for my daily use, for my family, and for my business.
    I wish there was something to do about this. 
    anyway I suggest anyone who thinks about using their services, stay the hell away from them, the experience is horrible.

    This post will help: How to Make Your Payment Processor Release Your Money


  • Andrew Minidis

    I’d rather sew my face to the carpet. Absolute garbage. They use other platforms to become your merchant services on the slick by engaging your client and encourages them to pay through stripe.com. They make it seem simple for the client to pay. But the user doesn’t get informed that the transaction takes 7-10 days for your first transaction. Until after his account has been activated
    In other words I worked and billed a client on 6-26 it’s now 7-3 and I’m not scheduled to have the money ( less the fee) until 7-8 or 9.
    To be fair this is a one time thing they say the next time it should only take two days I don’t like the word should and I can’t trust this company now after what they did with my first experience as I spent three hours on the phone trying to get the payment to go through
    And if I refund my clients payment at this point they still charge me the fee and it will take 14 days to refund her charge. So you’re screwed into using this swindling app once at least… and hopefully like me, never again.

    This post will help: Best Merchant Accounts for Plumbers


  • Dr. Denise Henry

    We have had the worst experience with Stripe than we have experienced with any other company.

    In April 2019, Stripe held payments from a customer only to return it without our knowledge. The customer refused to resubmit another payment at that time.
    However on June 6, 2019 the customer went into his email, found the old invoice and paid.

    To this date, June 25, 2019, Stripe still has not released the payment.
    Numerous emails and phone calls have not helped.

    We were asked to verify, our business website, This was done.
    We re then asked to send a copy of the invoice, This was done.
    We were then asked to send documentation of services that we provide,
    This was done.

    We were then asked to verify the owner of the company by uploading a government issued id, with personal information . This was also done.
    They are Still holding the payment without a legitimate reason.
    Had we known that this was a common practice of Stripe,, we would NEVER have signed up.
    n the meantime, they have colledted their fees but have not provided any service. My advice to ANY business that maybe considering Stripe is DO NOT. You will regret it.

    This post will help: Best Healthcare Merchant Accounts

  • Ronald J Lepow

    I own a gourmet food, wine, and liquor store. I had an amazingly bad experience with Stripe. They sent me an email on April 12 telling me they were closing my account because I fall outside of their guidelines to avoid business with high risk accounts. After first claiming the problem was that I sold liquor, they apologized for the mistake since I don’t sell it online. Then they decided again that I was a bad risk because I sell cigars. Before all of this started, a customer bought a gift basket using Stripe. This was on April 10. I received confirmation of the customer’s payment from Stripe, and delivered the gift basket. Two days later they sent me the cancellation notice, refunded the money to the customer, and charged me back for the cost. Now they say it is my problem to go back to the customer for the money. Stay away from these disorganized, incompetent, unfair fools!

    This post will help: Best Online Tobacco Merchant Accounts


  • Jay Bagwell

    We signed up for STRIPE last December and have processed over $82,000 in charges with no real problems. A few weeks ago we had a customer submit a chargeback for $275, which was a small part of an over $3000 charge. The issue was mainly confusion on the customer’s part and instead of reaching out to us intially, he just disputed part of the charge with his credit card. When we received notice, we reached out to the customer, clarified the issue and since we had more work to do, the customer asked if he could just pay us for the disputed amount when we came out. We agreed so we let the chargeback go through. Shortly thereafter, Stripe, without any notice whatsover started withholding 24% of each charge. By the time we realized it, they had withheld approximately $4000. When questioned, they were totally unsympathetic and claimed it was their right and they would not release the funds for 6 weeks. I’ve been in business for 18 years and have had probably 2 chargebacks during that time, one for $30 and this one for $275. No amount of communication has worked with Stripe. I even asked about cancelling my account to get my money and no matter what they will not release for 6 weeks and now they’ve sent email that indicates that they may extend the hold. I would urge any company to NOT DO BUSINESS with them.

    This post will help: Best Merchant Accounts for Contractors


  • Chevon Cooper-benjamin

    Stripe is full of crap. They stole our money saying we have to show them proof of being allowed to sell the items we currently sell. When we showed them proof they came up with another excuse to hold our money. Lori at the company stopped answering emails and no way of contacting them by phone. They are THEIVES! Warning to all, don’t mess with this company if you want to stay in business.

    This post will help: How to Make Your Payment Processor Release Your Money


  • Mare

    Awful. I signed up with them through GoDaddy a year ago and now, all of a sudden, they need a photo ID to verify my account. I told them I don’t have a current photo ID. After many emails back and forth I was told to provide them with a BIRTH CERTIFICATE and a current utility bill. Got another email from them after I provided that (thinking this company was a valid one) and was told that wasn’t good enough. If I didn’t have a valid photo ID could I provide someone else’s that works here. Seriously??? I’m going to ask an employee to verify my business? Why don’t these idiots check with the state that I’m registered with to verify that I’m legit? BTW, they are holding a $27.12 payment from me because of the lack of my photo ID. I am livid beyond belief with them and even madder at myself for providing personal info like that to this company. I don’t trust them at all and fully expect that I will be fighting a long time to get that payment into my checking account. I will be writing to the BBB and even, possibly, the Attorney General. Something is definitely wrong with this company.

    This post will help: Best E-Commerce Merchant Accounts


  • Marc

    We have been using stripe for some time now with over $500,000.00 in transactions to date. I noticed that other merchants had cheaper fees and I asked them if they were willing to decrease our fee. In one email they essentially said they would only consider it if we do over 100K per month and wished us the best going with another company. They do not care about any of their customers and I am glad we stopped using them.

    This post will help: Best E-Commerce Merchant Accounts


  • Steffany Hubbell

    I was using stripe and collect for stripe for POS, and the refunded half of my sales one day. The customers just got their money back immediately and I had no way to contact them to get the sale rang in again. Stripe says it isn’t their fault, there is almost no way to get in touch with collect for Stripe. They have a contact us button on the website, which I had to finally threaten them before I got a response. When I did they claimed they had been emailing me and it must have gone to spam, which it didn’t. After several weeks, and me harassing them, I finally got an email saying it was a faulty reader so they offered to send me a new reader. I don’t want a reader, I want my money back. They won’t offer me anything except to replace or refund the reader. I don’t want to use this company anymore, and I am just out the sales which were half of my sales for the day. TERRIBLE COMPANY AND CUSTOMER SERVICE!!! DO NOT USE THEM, IT ISN’T WORTH IT!

    This post will help: Best Merchant Accounts for Great Customer Service


  • Lynne

    After multiple months of sales, I get an email from Stripe saying that my website is high risk and I need reseller authorization from the brands. Like I am going to be able to get an approval from Chanel, Hermes, or even Nike? All of my money with them, held indefinitely! I cannot believe the ethics of this company. Let me ask this, if my business was flagged, why did they accept all the customer transactions instead of just declining them! Shady!

    This post will help: Best Merchant Accounts for High Risk


  • Ben rosenquist

    Worst company I have ever dealt with by FAR! They are still holding my money from a client of mine trying to order her product. They have no phone support so emails take forever to get responded to. They want me to send an itemized invoice so they can see what the transaction is for. I am not happy my client is not happy. They do not help you whatsoever when you do get a hold of them. Stay away!!!

    Related Post: Why Credit Card Processors Hold Funds

  • Peter

    I too foolishly signed up for Stripe, as a client requested click to pay by email to pay me for the services I carried out for them.

    After a lengthy conversation with support via live chat about verifying my account: I did everything they recommended and my account was verified.

    That very same day, yesterday, I sent out a click to pay invoice to my client, and they paid it right away. After processing the payment, and deducting their fees, I get the following email form Stripe the same day:

    “Thanks for using Stripe!

    Unfortunately, it looks like your website, or a previous business you were associated with, is listed on MATCH or another terminated merchant file operated by the card networks. In this situation, we will not be able to continue accepting charges on your Stripe account.

    We completely understand how frustrating this situation can be. If you’d like to try to remove this block, you will need to reach out to your previous processors to check why your business was placed on this list and if removal from the list is possible. While we’d love to be able to directly help you sort this out, we unfortunately don’t have any additional information about why individual businesses are added.”

    Very strange as I don’t have a website, and being as though this is a brand new account, I’m not sure where “previous businesses I was associated with” has to do with it. Regarding other processors, I use Payoneer and Transferwise, and both accounts are in good standing

    I am a freelancer that bills clients once I have completed the work they hired me to do; I have no physical products, so callbacks would not be an issue, neither would risk.

    How could Stripe possibly know what previous clients I was associated with, as I have only ever billed one through Stripe?.

    As everyone is saying here, Stripe is nothing more than a legalised scam, and I guess they will keep onto my funds???

    I may try and do a refund to my client if thats possible, but they will probably make that impossible .

    Again, as is the case with everyone else here, live chat or calls are no longer available to me.

    All this after 1 day, and 1 legitimate transaction.

    I’m sure that if everyone here that has been scammed, contacted a law firm as a group, we could stop these thieves from stealing our money.

    To say I am disappointed is an understatement

    This post will help: Best Merchant Accounts for TMF/MATCH Merchants


  • Woodward McKee

    I cannot stand these people. Among many, many issues I have there are thousands of dollars in hidden fees, pay special attention to “Connect” fees. To figure out what they are charging you requires downloading a custom file, creating a spreadsheet and applying a formula yourself. If you try to get support to explain their fees they will ask you what report you are looking at. Since it is one you created yourself (using their data) the support agent will say they can’t find it and ask for a screen grab. Then they will say that looks like it isn’t their data, if you can provide a screen grab of a stripe report they will gladly look into it. Eventually they’ll tell you how to build the report you already sent them.

    You will also lose any dispute the customer or bank decides not to pay, plus the processing fee, plus $15 per transaction, even if you can prove beyond a shadow of a doubt you provided the service. Plan on spending $21 for a lot of returned $6 charges.

    No matter what they say it will be at least a week before you receive any payments in your account. “Two business days” means after 8pm two days later, which is actually three business days. Then at least two days to receive their uniquely slow ach deposit. That’s a week in English.

    Do not use them. They use every trick in the book to slow pay and overcharge and will use the very polite “non-answer answer” routine until you go away.

    These people are among the most infuriating people to deal with I have ever encountered and I strongly encourage anyone to look elsewhere for this service.

    This post will help: How to Fight Chargebacks and Win


  • Jennifer

    I did a transaction with Stripe over 10 days ago. They’ve held my money and have asked for my LinkedIn profile, my Invoice to show I paid the manufacture for the product, and the front and back of my driver’s license. I own an LLC and gave them that info ahead of time, prior to them asking for everything else. I should never have been subjected to giving them anything but perhaps the paid invoice, but I gave them everything they asked for, and now, no response. I’ve emailed several times now, and still no response. They were initially being responsive, asking for more information, and each time I gave it to them, the next email was asking for something else. When I asked them for live support, they said there isn’t any. When I asked for the CEO, they said they couldn’t give that info out, and now, no response at all. They couldn’t even give their last name or email, just [email protected]. I reviewed the BBB and realized they have hundreds of complaints, just like mine. I have zero complaints filed against my company. This is class action lawsuit worthy.

    This post will help: How to Make Your Payment Processor Release Your Money


  • Jak G

    I used them to charge cards. One day I get a notification from them that they can’t put the funds into my bank account. Since my tax id doesn’t match to my name. So I called them up and asked them if they can try to match it again. They said they’re going to try and call me back.
    A few hours later I get a call from them saying that it still doesn’t match. I asked them if that’s the case they should please refund it to my customer. They said ok. Keep in mind that I never received the money in my bank account.
    Two days later I see Stripe taking money out of my account. I called them up to ask why they took out money from my bank account that they never put into my account. The representative said he’ll put me on hold to verify why it happened. After a few minutes, he comes back on the line and he says that he verified it and he’ll tell the supervisor to call me back to issue a refund.
    Guess what he never called me. So I called back numerous times and I received the same answer again and again. Passed a few days and still no call. Frustrated I call them again to ask what happened why the supervisor never called me back. The representative replies I don’t know who told you that but the supervisor never calls back. It went back and forth another few times on the telephone and they simply refused to give me my money back.
    Please for your own good. Stay away!!!

    This post will help: How to Make Your Payment Processor Release Your Money


  • Anthony

    Criminal company ! Will allow fraudulent cards to be process over and over again until approved us to then send the product and stripe to then remove the funds from our account and charge us a processing fee. Out of poacher for the sale of the product, we lose the item and then they hit us up with a processing fee for one last slap in the face after being fraudulently ripped off because they accepted the card

    This post will help: Best Merchant Accounts for High Risk of Chargebacks


  • Matty

    Upon setting up a new dropshipping website I decided to try out Stripe, because I planned to sell wholesale as well. This would have made it easy to keep this company financial records together. Some of the products I sell are lighters, so when I imported a vendors catalog in I was flagged for Marijuana… I attempted to reach out to customer services and 4 of their reps sent me the same copy/pasted email stating my account was terminated. I specifically told each person that it happened because I imported this vendors full catalog (I removed all of the products in question and even removed stripe from that website). However, they still categorized me and kept repeting — However while we’d truly love to help, unfortunately we aren’t able to provide our service to any cannabis related businesses at the moment. We need to work within some fairly strict limitations on the type of businesses we can work with, and this business type is sadly on the excluded list. While I understand that you’re not selling actual cannabis products, I’m afraid we sometimes need to be extremely conservative and have decided not to work with any business related to marijuana in any way. — Go somewhere else if you are planning on dropshipping as even importing a vendors catalog can get your account terminated instantly. No ability to talk to anyone. Horrible cusomer service and worst of all they don’t care about you.

    This post will help: Marijuana Merchant Accounts

    – Phillip

  • Jill Adams

    BEWARE! UNPROFESSIONAL, POOR CUSTOMER SERVICE, STEALING FUNDS. I wish I had read more reviews before I signed on to use Stripe for my small business. I have used Stripe now for almost 3 years…2 years and 29 days too long. The first 2 years my business was growing. Now I am at full capacity and realize things are not adding up.

    The 1099 they sent me does not at all match bank deposits. There was approximately $6,000 missing. I got in touch with Stripe via email to investigate this discrepancy and kept receiving inconsistent responses from many different people. I requested how much I paid in fees in 2018 for tax purposes. Stripe’s response was “They cannot provide this.” First RED flag. I demanded to hear from a supervisor- to call me. NO supervisor called. Second RED flag.

    Finally someone emailed me and sent me on a wild goose chase to try and explain the missing charges and fees. ..which resulted in no explanation.

    Each time I contact stripe I receive a different person with a different explanation. Third RED flag.

    This company will not provide phone service when there are questions or problems…only email. Fourth RED flag.

    This company employees people who are not qualified in billing credit card knowledge.

    This company does not care one bit about a dissatisfied customer and has no desire to resolve customer’s problem.

    This company provides extremely poor customer service. They refuse to use the telephone for communication. They return customer’s email days and weeks later.

    This company refuses to provide information about their fees they charge customers for their service.

    This company returns emails that imply inappropriate statements such as “Roses are Red Violets are Blue” as if we are communicating with a second grader. Truth be known….we are. The performance I have seen from this company appears to be one ran by school age kids from their garage.

    I am currently in process of stopping all transactions with Stripe. I will be filing complaint with BBB as well as Federal Trade Commission and also be taking legal action to retrieve my missing $6,000.

    Anyone reading this review…STAY AWAY from this company. Hopefully on a Federal level they can read all the reviews and complaints and SHUT DOWN this company.

    This post will help: How to Make Your Payment Processor Release Your Money

    – Phillip

  • alan tate

    I found them to be dly crooks . I cannot stress thus enough. Please stay well away from them especially if you are using Invoice Simple. They piggy back onto the invoice as a payment method without you knowing! They then tske the money then try to use the fact they have your money to force you to accept the terms and conditions of their account. I can back all this up with evidence. They even admitted thry should not of taken it!!! Then try it on with me. Total crooks as i am concerned! Please do not use them

    This post will help: Best Merchant Accounts for Electronic Invoicing

    – Phillip

    • Mary Charity Askew

      I work for Wacker Neuson, we are a global company with offices in most of the countries. We decided to give Stripe a go as an alternative payment processor. The first two payments from two clients went on without any kind of problems but after 3 days, Stripe sent us an email stating that one of the charge was fraudulent. Of course this is a big lie, there is no such thing. Now the account is blocked and God knows what will happen to the money. The way I see it, there are no humans there to look at the accounts, just a flawed system that does whatever it wants to do. The human factor is gone and all you get are automated responses that don’t have anything to do with the real problem. I am surprised about how bad this company really is. Any other company is glad to work with a company like Wacker Nueson but not Stripe, or may I say, Stripe A.I.

      This post will help: Best Merchant Accounts for Equipment Rental

      – Phillip

  • Julie Jurish

    Please stay away from Stripe. I am a small business and have been using Stripe for a couple of years. For no reason at all, Stripe decided to take money out of my account on three separate occasions over the past 40 days in excess of $4,150. Stripe will not explain why they are taking my money. Even my bank agrees they are wrong and has put a stop payment against Stripe from debiting my account. Filed a complaint with the Better Business Bureau. Stripe’s response is that my complaint is baseless. Complete rip off company. Stay far away.

    This post will help: Best Pet Supply Merchant Accounts

    – Phillip

  • Ceo

    Our corporate company which is a also IPO traded.
    Did business with stripe for 3 days we did 2 transactions totaling $6,000
    Then we get a email stating they need all this info on our corporate company and invoices.
    We sent that plus all of our tax licences and business licenses.
    And our articles of incorporation.
    Now we cant get ahold of anyone there.
    We called them on 01/30/2019 and stated that if our company’s funds was not released we would pursue criminal Charges against the CEO,
    We was told by the rep. That their colleague was looking into it , please hold , then they hung up on us.

    FYI This company has been under a Federal investigation by the FBI cyber criminal investigations team in California for 3 years and is Currently under investigation by the FTC .
    If your company has had funds not released call the FBI field office in San Francisco, CA.
    They are aware of the situation and will take a report.
    Our company has now as of 01/02/2019 has now filed a multi million dollar lawsuit against Stripe.
    And have filed criminal Charges against the CEO of stripe that they are not a licensed financial institution or are they licensed to handle funds over the Internet.
    They are not Bonded or insured.
    They are also not a corporation.
    They are a LLC.
    They are not approved or insured by FDIC.
    If you would like to join the suit contact us at…..

    [REDACTED – ed.]

    This post will help: How to Report Bad Credit Card Processors

    – Phillip

  • Jennifer Hwu

    Worst company ever, we did not even know Stripe.com when we got alerted by a victim and realized that our web site and business was used to open a fraudgelent account and charge credit cards of these innocent people, we immediately notified Stripe and did a lot to stop this person from hurting us and others including research without Stripe’s help, of course, and was able to work with the bank this person also opened an account with to close that account so at least he/she can not further damage others any more. However, after 6 months, Strip chose to ignore our reporting, leave the account open and then started to harass us saying our account is negative, etc. I probably sent more than 10 emails to them and got no where so decided the only way to help to protect my company and others is through writing this review. Worst worst experiences ever.

    This post will help: Best Merchant Accounts for Manufacturers

    – Phillip

  • Andre Solomon

    Stripe is a horrible company. Do not entangled your small business with them. I am a recent small business owner who just started literally a few months ago. After the few sales that we have acquired through e-commerce we find there is no fraud protection through this company. They will just process your payments in order to refund and receive their $15 cap. They hinder the small business owner from achieving. This has been the worst experience…!!!

    This post will help: Best Merchant Accounts for New Businesses

    – Phillip

  • TY LI

    Not recommend use stripe this rubbish company,

    Maybe there is such a large-scale company that will not even provide the address and phone number. Everything is mysterious. The founder has established a scam.

    I can only say that they are a deceiving company. I have $2,000 in funds locked by them. Because I am a hotel tour booking business, I think it is risky to cancel all my transactions, but the money has not been returned.

    They can’t explain the problems, they don’t return to the credit card, and they don’t have payout to my bank account. I have sent more than 20 emails. They have more than 10 CS to follow up, but each one says it will be handed over to others Colleagues follow up

    I have been waiting for 2 months from October, there is still no news.

    From The Editor
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  • Rigoberto Parada The Ojon Batana Company

    For six months I been waiting to get paid for a transaction of my Batana products and this is really unprofessional now that wells Fargo is involved maybe a good attorney can help all us folks get theit mine is only 100 but too much time for small business to wait for their funds. Can some help me?

    From The Editor
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  • Jake McCann

    Our account is under baseless review. They are equating us with remote india-based technical scam companies like iYogi.
    No charge-backs and no complaints. They are threatening to shut us down in 5 days. We have hundreds of customer entries and cards on file. This will take a month for proper migration to another system. Stay away. Worst customer service experience ever. Dishonest. Unprofessional. We will likely sue for damages in this baseless expedition.

    They claim to have phone support—another lie. Even when you’re logged in, you’re stuck with a submission form and no one gets back with you in a timely manner.

    Waste. Go to spot on!

    From The Editor
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  • Qian Wang

    Like many others, I tried to use Stripe to process payments for my short term rental business. After one failed payment that was declined due to the customer having insufficient funds, instead of waiting for me to resolve it, Stripe decided to immediately lock out services on my account.

    I contacted Stripe support multiple times, explaining in detail what happened from my point of view, and each time they responded with a generic copy-and-paste that did not relate to any of my specifics, and insisted that my business was too “high risk” for them to provide services. I call shenanigans on that as I know for a fact numerous other short term rentals use Stripe and they’ve partnered with multiple channel managers.

    On my most recent communication with Stripe, I asked that even if they couldn’t restore services to my account, at least GIVE ME AN EXPLANATION why they’ve locked me out. But no, their response to that was word for word the same generic tripe they used previously, and completely ignored my requests. They couldn’t be bothered with my problem and decided it’s easier to cut me off.

    Your mileage may vary, and you may never run into the problems I did, and if so that’s great, but I would caution any new users that your experience with Stripe might come to a grinding halt at any moment with you none the wiser about what you did wrong.

    From The Editor
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  • Taoreed Badmus

    As a business owner, I cannot recommend Stripe services. I had a customer who signed a contract for an event with my business. He made several non refundable payments which included a $100 and $600 payment. After several months, he tried to cancel the event and get past payments. He was informed that the monies were not refundable. He contacted Stripe and claimed thst he did not make the charges. We provided contract and all information by email to Stripe to support that he did, and we had a contract and terms. For several weeks, we had no response from Stripe. No Stripe made any contact and I could not reach anybody. After almost 2 months, Stripe determined that we keep the $100 and that they would refund the $600 payment, and thus SIDED WITH FRAUD. How can this be the same person? It’s either he is doing business with us or not. Stripe is a company with a lazy investigation method, lazy attitude and policy that cost me $600.00 It is unfortunate I have to rely on Stripe to collect our payments but intend to find other ways. My recommendation to other business owners is to look elsewhere for electronic payment services especially if you do large payments. We have had payments of $7000. Can you imagine loosing that? Let me say that the small annual savings you get with Stripe is not worth loosing so much money. I intend to pursue this matter some more, perhaps in court.

    From The Editor
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  • Trinity

    This has been the worst company experience that I have ever endured. This company is holding thousands of dollars for a consecutive amount of months. We have contacted stripe via email over 10 times, only receiving one semi helpful response, that still did not solve the issue of the funds that they are withholding from us. I was told I would get a helpful response within 24-48 hours. It has now been 120 hours and the funds are STILL ON HOLD. I have also called this company several times, receiving the same scripted response from their team. I asked to speak to manager and was given a horrible attitude and no help. They have now blocked their customer service reps from accessing our account, so they are unable to help us over the phone. DO NOT USE THE STRIPE PLATFORM!!! THEY WILL HOLD YOUR MONEY AND SEND YOU ON A GOOSE CHASE TO FURTHER HOLD YOUR FUNDS. If I could leave 0 stars, I would.

    From The Editor
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  • Dewey Pruett

    Worst payment platform ever. They kept my money for 2 business days when Square pays overnight. They also don’t refund your fees paid when you refund a customer. This makes them a total ripoff. Why pay a lot, lose interest on your money and get ripped off every time you refund a payment? Avoid them… you can do better.

    From The Editor
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  • Susan Brown

    I did not even know I was dealing with this company until all of a sudden each month I am getting a charges on my VISA that has been processed by them for a company that I have never even dealt with! Their customer service is really non-existent. Finally after going back and forth for 3 days with them and them blaming VISA – VISA has informed me that they will issue me a new card to stop these charges from going into my account. Until all of this happened I had never heard of the company and now that I know more about the company, its owners and how it is run I will make dam sure that any com[pany or business I deal with never uses them!

  • Katherine Gotsick

    I honestly wondered if my interactions with them were a prank.

    Stripe held onto $437 through several exchanges by telling me that I had broken their rules using Stripe to power a raffle. Meanwhile, they are the only payment option available on RaffleRiver.com.

    They were not rude to me during our interactions. More like, they kept telling me things and asking for things that were so unacceptable, I kept wondering if someone was playing a prank.

    If you want to use Stripe to power event registration / ticket purchasing, they do several insane things:
    1) They hold onto a percentage of your sales indefinitely for “dispute resolution” purposes
    2) They make you provide your contract with your event venue, and any contracts you have with other suppliers

    But they bury both of these things in the red tape, and they don’t have a “You can’t move forward unless you provide…” function. They wait until they have your money and then they make you jump through hoops.

    I closed my account after I got my final transfer and I’m happy to be gone.

    From The Editor
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  • Tom LJ

    Ruined my business and bankrupted me. Avoid using Stripe at all costs.
    Used them successfully for a month before they decided to discontinue my account and withhold my funds for 90 days effectively crippling me and putting me in debt to my suppliers. They decided to do this because my business ” posed a risk of charge backs” although I had not received a single chargeback.
    there was nothing I could do about this. They are scum. Do not trust them.

  • Jennifer Taylor

    A prospective client was precluded from receiving a massage as she came in with two ailments that I do not massage nor treat / diagnose in any form. The client read and agreed to our terms of service at the time that signed off on our sick policy twice. She is unhappy that she did not take the sick policy seriously and she believes that she should not receive the fee for coming in sick even though she was fully aware that there is no charge to cancel if sick, but she dismissed this and came in putting my, my business and subsequent patients/clients at risk.
    Stripe emailed me advising me of the dispute that had zero reasons listed. Stripe immediately withdrew the fee amount plus dispute charges out of my business account before I had even 24 hours to respond yet in the email they sent, they stated that I had 14 days to respond. This is now an issue with accounting.
    I requested a call back for last Tuesday between 10:00 am and noon, yet the representative at Strip dismissed my availability and called me Monday when I was with clients.
    Very unprofessional business practices!

    From The Editor
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    • Sam Blake

      Stripe is holding on to $229,668.33 which represents 100% of our processed transactions USD 87,963.39 of which was confirmed by their system to have been sent on 8/18/2018 but was canceled for a string of bogus reasons on 8/21/2018. I am quite sure that it’s not possible to cancel an ACH payment that has been “sent,” so I wonder why Stripe would knowingly deceive a merchant because no payment was “sent.” Stripe has not been candid in any way in our relationship and has no problem breaking the law to screw merchants over. Stripe has provided inaccurate promises that we have relied on to our determent. The legal doctrine of promissory estoppel exists, so situations like this don’t happen. We processed a lot of money with Stripe, and now they want to hold the funds for 90 days! They told us our skin cream product was ” pseudo-pharmacy” and in fact, it’s not. Our full ingredients list is readily available on our website as it has been from day one. We provided all the information requested, were never told that there were any issues with our product until processing $250,000.00 in sales, and Stripe deceived us by canceling payments made to us. We tried to initiate live chat to among other things discuss our volume and your payout schedule, but Stripe disabled the ability for us to use those tools while their system showed the first payment as being sent and in transit to us with a payout schedule for the remaining funds. Stripe is entirely to blame for this situation and continues to ignore direct questions on emails like why their system shows us being debited for 30k despite not having distributed any funds to us. Stripe has provided false information for all events. Stripe claimed our refund policy which is a straightforward RMA process seemed ‘inflexible’ This is industry wide utilized for e-commerce products. So, how is it inflexible? They make up things as they go along with their emails becoming progressively more disorganized as time goes on. Why did Stripe cancel our first payment that was confirmed to be sent? ‘contact our sales team next time you plan on doing volume’ does this make sense to anyone? Stripe should not allow merchants to process funds that require a mysterious sales team and disable the functionality for communicating with their live chat or phone support and expect them to know somehow how their Houdini operation works. It’s shady in SF at Stripe HQ, and they know exactly what they are doing and how difficult they are making it for merchants to communicate with them out the gates. Stripe is an evil company and has very sneaky policies and obviously should not have an A+ with the BBB. They are buddies with people that work at BBB because no company has hundreds of complaints, three positive reviews, yet has an A+ rating. Give me a break. Why did Stripe deny us access to support live chat as well phone at any point? Crickets…. If any other company did this they would be eaten alive by BBB but no they are a world-class organization (they are crooks, and VISA/MC are directly invested into them, so your best bet is to complain directly to Wells Fargo Bank and the FTC. Our chargeback ratio was 0.00125%, and yet they claim this ratio is ‘very high’ risk for Stripe. How does this justify holding 100% of our money for risk mitigation from day one of processing an entire $230,000.00??? All businesses and entrepreneurs – DO NOT do business with Stripe! They will keep your funds, and there is no phone number to speak with anyone, they are a fraud and misrepresent themselves as being available on the phone and live chat support but as soon as you have issues they disable the features pre-emptively knowing that users with funds held up likely will reach out for help through these mechanisms, but once you process with them they spit you out and keep the funds processed and send patronizing emails that sound friendly but are always written with a hint of ‘screw you’ to them. Save yourself heartache, get a merchant account with your local bank!!! DO NOT USE STRIPE – THEY WILL KEEP YOUR FUNDS – without any valid reason or response to your questions on support emails! DO NOT waste your time or money with Stripe they ignore questions, have no phone number and disable the live chat and phone requests from the interface whenever convenient for them and must have paid off someone at the BBB for an “A+” rating, bwahaha! Seriously, if you are a business, find another payment processor, preferably your local bank. At least if there is a problem you can physically go there and speak face-to-face with someone. I now have to chase down $230k.

      From The Editor
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  • Omid

    STRIPE currently is holding over $200,000.00 (Yes, two hundred thousand!!) of our funds due to ‘high dispute percentage’. Not only is this a complete lie (we had one dispute as a result of human error) but they closed the account immediately and it’s taken over a month to receive a response from their support staff.

    After doing research, it seems that this is common practice by Stripe. IN ADDITION to holding 225k, they deposited a portion of that into our account and days later, it was gone. Stripe has no actual point of contact for clients who need support so we had to go to our bank to figure out what happened. Stripe claims it was returned by the bank and the bank (who we’ve been with for 10+ years) assures us that they did not return the deposits. Once we spoke to our bank manager, we got verification that the funds were in fact requested back by Stripe and sent to their bank in Toronto.

    This is HUNDREDS of THOUSANDS of dollars. Without minimizing others who have had the same happen, I hope anyone who reads this realizes Stripe absolutely does not care or act in their clients best interest, regardless if you are processing $2,000/week or $200,000/week.

    It’s been over a month since they closed our account and we’ve moved onto using another merchant. After one month and having not received any additional disputes, our account was in good standing. We requested a release of a portion (a compromise) of the 250K and were told no, Stripes policies are ‘firm’. Unfortunately, it does not seem that they are willing to hold any accountability for taking funds out of our account and we have retained a lawyer to pursue this further.

    Stay away from Stripe!

    From The Editor
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  • Chey Davies

    I used stripe to receive payments through my webshop.

    I do not recommend using Stripe as your partner when offering your clients high value products as Stripe will be charging you fee’s, even in the face of fraudulent actitivies where YOU and your company are reliable for.

    Any potential fraudulent activities or dispute charges coming from bank issuers, will be deducted from YOUR revenue whilst Stripe still charges for the fee’s. DO NOT use Stripe for any business purposes as you are not protected against the above.

    For example:
    A potential fraudulent client is trying to purchase an item on your webshop, where he or she uses a card without authorization from it’s owner and the payment declines several times, even up to 6 times, and the 7th time goes through, which means, the amount which has been paid for on your website, goes straight to your Stripe account where Stripe charges you their fee’s. Although, the payments failed several times, Stripe still allows the same person to purchase the item. There is no such thing to prevent this, unless there’s a secured payment system behind this which clearly isn’t Stripe! You will always end up paying for the fee’s even though you are refunding the full amount to the bank account used on your website. This leaves you with no revenue, whilst still paying for the fee’s. Easy money earned by Stripe. A complete ripoff.

    From The Editor
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  • Yamilka Alvarez

    The worst experience ever. Suddenly they closed the account without knowledge of what they are talking about but they don’t ask and just make the decision. They hold the funds even when the account was closed and every day change the date of deposit.
    No live support or assistance, horrible service, This business should be shot down.
    Do not sign up with them, you will regret it.

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  • Nest-apartments

    Very bad service, surface try to pretend help you. but did nothing. We accidentally click on the button without confirmation, and it was charged $6600, and it was mistake, and I did refund immediately, but they refused to refund any cent back to us. it was charged $192 for this wrong button click which was no confirm at all. Please use other company with the fees refunded service. they were not helpful from customer service. very disappointed at all. not recommended.
    it said no refund fees, but you will paid the service fees when it charge and they did not refund it back to you. That’s why no refund fees.

    From The Editor
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  • Wendy L Schmidt

    I DO NOT have a Stripe account and have gotten a lot of fraud emails. But, I can’t report them to Stripe because I need an account WHICH I DO NOT HAVE NOR WANT. What a screwy company. I will report the fraud somewhere else but there seems to be little recourse and these scammers have got my email.

  • Jo-Anne

    Absolutely useless platform.

    Not only are the almost impossible to contact – no live chat or calling – they halt payments to your account without notifying you first and then send an email saying they need extra information before they will release funds to you, I’ve been with them for a year. I find they conduct themselves in a highly unprofessional manner with no regard for your business cash flow. Slow turn around of your money – takes up to 10 days to receive your payments.

    As a small business Stripe has done damage to the cash flow and running of my business!

    I will now be moving my business elsewhere.

    Read the user reviews not the paid reviews !!!

    From The Editor
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  • Shamika Floss

    The worst experience ever. I should have noticed a red flag when I realized there was no live customer service support. But wishfully thinking, and at the guise of it being quick and easy We tried it. signed up and first payment posted and payed out. our client was so impressed with our service and speed at which we processed his order that he immediately did business with us again. Suddenly without warning our account was put on hold. we were sent an email.(Which went to spam) luckily i checked the spam folder. …then there it was… We . regretfully notify you that your account has been suspended. In the midst of this we almost lost our very second large account. My business was brand new. Without so much as a phone call. So I followed the prompts and finally got a live support person.She was just as confused as I was. She was obviously reading from a script. as she was trying to help me ‘Verify” my account. Mind you all of this was done at sign up So I thought. After about 2 hours and having spoke to a supervisor. the account was reinstated.But guess what. I was given a verbal guarantee that We wouldn’t go through this again. So we processed our second large payment. it was told to me that i would have to go through a very long hold period. but wouldn’t be frozen again. But sure as im typing this review our account was then suspended. even after verification. After a verbal guarantee by a supervisor. and without an explanation. I even sent an email asking for an explanation. But was never given one. This was a nightmare experience for me. and I am in the steel business. I deal with fabricators and contractors. There were other people that could have been affected by this. Square gets customers by what i call bully marketing. where once they get all your info you are trapped but not given an explanation if they wish to terminate. There is no live customer support which can severely hurt a small business.But what really hurt was how we were lured in in the first place. Mind you the first transaction went through without a hitch. Do not do business with stripe. There is a high probability that they will hurt you . in the end.

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  • Josh Brandon

    Stripe processing over $30MM for Porn Websites Onlyfans.com?
    [REDACTED – ed.]

    Wondering if anyone on this forum cares about this considering many of you have your accounts shut down with Stripe for WAY LESS. Stripe is CURRENTLY processing millions of dollars per month for a trending porn site, OnlyFans.com.

    Onlyfans.com is fronting as a social media network, but in reality is a pornographic marketplace, where amateurs and professional porn stars sell “selfie-style” porn content via a monthly subscription paywall.

    A hashtag search of ‘onlyfans’ on Instagram or Twitter reveals the NSFW community described above. This really gives you a good sense of what this community is about: [REDACTED – ed.]

    Onlyfans.com’s landing page presents their platform as a diverse ecosystem offering content from various categories of social media entertainers(singers, fitness trainers, photographers), but in reality, the only content being sold on Onlyfans.com is porn. They have over 1 million users buying and selling porn all supported by Stripes payment infrastructure. Onlyfans boasts about paying out more than $30MM to their “creators”, which based on their 20% commission business, means they must have processed at least $37MM? [REDACTED – ed.]
    Here are example pages on Onlyfans.com. (NSFW) [REDACTED – ed.]

    Onlyfans.com actually state in their Terms and Conditions ([REDACTED – ed.]) that they use Stripe as both their payments and payout processor.

    OnlyFans.com Payments URL and view source, you can see Stripe’s API being invoked.

    “For Research” I subscribed to a couple of the Onlyfans.com adult “Creators” and Stripe was listed on my Banking Statement w/ Merchant Info
    Stripe prohibits ANY porn/adult businesses/services per their Terms & Conditions.

    The following categories of businesses and business practices are prohibited from using the Stripe Service (“Prohibited Businesses”).Pornography and other obscene materials (including literature, imagery and other media); sites offering any sexually-related services such as prostitution, escorts, pay-per view, adult live chat features

    If Stripe is going to prohibit high risk businesses such as Gambling,illicit drug paraphernalia, pyramid schemes, shouldn’t Stripe aim to underwrite all of their supported businesses equally and with rigor. However, if they are making exceptions for pornography, shouldn’t the world know about this?

    Please feel free to email me back with any questions. Looking forward to some feedback.

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  • Cory

    Very crappy service … customer told their bank they didn’t authorize a payment 2 months after they made it and stripe took the money out of my account plus 15 dollars and keep the service charge they charged me … no protection for their clients … Just use western union

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  • Anthony Claxton

    Absolutely HORRID experience. I build custom computers for customers all over the US, and these scumbags have placed my funds on hold for 90-days TWICE now. TWICE! Because they think it is a “high-risk” market. Newsflash for you idiots: Most business endeavors require some risk in one form or another. Now I am unable to get my customer’s products to them in time and they must wait 3 months just because Stripe likes to reach into your pocket and play with your company’s revenue .Even when making disputes, you’re most likely going to lose them because these dimwits just don’t care about their users. Stripe takes a cut off the top of your customers’ money, puts those funds on hold, then you don’t see it ever again. So essentially, Stripe is 100% a scamming service.I mean just read the amount of negative reviews here. That should say it all. If you are a small business owner like myself, I HIGHLY suggest avoiding using Stripe’s garbage service at all costs. Use Square. It is a better application and service in every way, shape and form. Hands down.

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    • Yan Hazan

      Scam company, would not recommend using them, lost way too much money for their deal with the devil, if you have a business know that stripe not only not defending you they take money from your account and transfer it to scammers – scammers can just go to their bank say they never used your service and thats it they get their money back – i dont want to name other companies so you think im promoting someone but others will defend you.i have provided hard evidence including contracts invoices ID SSN you name it, always they find some excuse of ripping you offThey tell you every time they steal your money you can do things differently but you really cant just think that the scammers bank decide who wins is that a joke or what

      easy platform to ones who familiar with systems like that – i dont find any more pros when it come to strip

      stripe collaborate with scammers – they will withdraw money from your account without asking you they will not protect your account or you as their customer

  • David

    Stripe helps people commit fraud. They allowed my secretary to steal over 2,400 dollars from me by allowing her to convince them that she was the original account holder when my account and banking information was what the account was set up under. What a SHAM of a company.

  • D

    After a few weeks of payouts they informed me they asked me to provide some documents to them re authorisation. 5 hours later before I could oblige I got a wix message that my stripe account was closed and all my customers were refunded (a few thousand) (all the items were already shipped)
    Emailed and they said once the account is closed everyone gets refunded and I should contact the customers to try and get them to pay again.
    After embarrassingly contacting a few everyone stated they weren’t ever refunded.
    Contacted Stripe again to get more information for the customers and now stripe magically has NO RECORD of my account

    I am in the process of contacting my lawyer this is such a shocking scam please be careful and lawyer up before using them

      • Traci

        If you’re in America, contact your Attorney General and file a complaint and link them to this. Because of their arbitration agreement, you will not be able to sue the same way. Look out for stripe-sucks.com to come in October.

  • Yan Hazan

    Scam company, would not recommend using them, lost way too much money fro their deal with the devil, if you have a business know that stripe not only not defending you they take money from your account and transfer it to scammers – scammers can just go to their bank say they never used your service and thats it they get their money back – i dont want to name other companies so you think im promoting someone but others will defend you.
    i have provided hard evidence including contracts invoices ID SSN you name it, always they find some excuse of ripping you off

    • Szilvia Benko

      The same happened with me twice. It’s not enough that they credited back the money to the customer ( who took my service, was happy with it, i had proof etc.) they fined me too …
      IF anybody ready to sue them I am IN.

  • Joe

    DO NOT USE STRIPE. The platform is made for fraudulent payments, they offer no help to fight fraud apart from a few rules you can put in place which hardly work. They will then close your account due to the disputes (ALL FRAUD) and hold all of your funds for 90 days.

    Appalling service if you can even call it that. Very damaging to small businesses!!!

  • George

    Bad experience with Stripe. They refused to support my business and provide payment processing on my Squarespace website because I sell Tobacco Pipes. It’s on their “drug paraphernalia” list. Their explanation for refusing my business was basically “this is our choice”.

    My review for Squarespace is therefore unfavorable as well. Although I think Squarespace is great and have been happy with them overall, I question their decision to choose stripe as their only payment portal. I don’t understand why they would allow Stripe so much power over these important decisions. I likely will not be using Squarespace anymore because of my bad experience with Stripe.

    • Mike

      Well, I just switched to Stripe after 15 months with Square. My online Store has been running for over 15 months with no charge backs or fraud charges. My first transaction with Strip, was supposed to hit my account after 7 days, the next charge with-in 2 business days. Well I had 3 charges within a day and now stripe sends me an email stating that since my business is considered a risk business, there will be a 7 day hold on my funds. FYI, we sell home furniture and 100% of our business is within the United States. I’m actually in the process now of going back to Square for my credit card processing..

  • David Moore

    For some undisclosed reason, Stripe declined to accept my website development agency.

    They said my business is a;
    No-value-added services – Sale or resale of a service without added benefit to the buyer; resale of government offerings without authorization or added value; sites that we determine in our sole discretion to be unfair, deceptive, or predatory towards consumers

    We’re a website design shop and we’ve been in business for 10 years! I just don’t get it!

    When I asked for a specific reason, I was told:
    “The team, and I, have come to the decision that we cannot support your business.”

    It’s probably a blessing in disguise.

  • Bruce Goodmansen

    Do not use Stripe. You can’t talk to these people by phone–only by email. When I emailed them about a problem it took them 3 days to respond. Then, when I couldn’t edit my new checking account number, I used their chat line. What a waste of time. What could have taken 3 minutes by phone, it took 20 minutes by chat. Even then, the problem wasn’t solved. The representative, Chase, said he had to email someone to solve the problem. He said I may or many not get a phone call back. He didn’t know when I would get an email. What nonsense. What poor, pathetic customer service.

  • Nicole smith

    I would definitely say to avoid using stripe at all costs!
    My major issue with them right now is that they are holding my funds because they think the funds are fraudulent. I have told them over and over (and even sent an email from my client) saying the funds were legitimate.
    There is also no live support which is annoying. I’m basically yelling at my computer writing these emails.

    Like I said, avoid the headache and do not use them. I regret it immensely.

    • Leslie

      This is the same thing that I am currently going through. Lord knows that I hate this company. They offer absolutely no assistance with any issues. My client ordered items on my website, Stripe decided that this purchase was fraudulent, withheld my funds, told me that I needed to refund the funds and then turned around and charged me a $43.43 processing fee. I’m not having that, I called my bank immediately and put a stop payment on that and closed that Stripe account. This mess is ridiculous.

  • Linnaea Piccolo

    Stripe conducts some fairly unethical business practices. The accounts are not secured by password or PIN. Any Stripe employee can access an account by using the account holder’s email address. Stripe honors third party refund requests directly, without authorization from the account holder. Stripe posts refunds directly into the account holders’ dashboards, and then argues they have every right to debit accounts. Stripe dances around complaints with long winded explanations that never truly address the issue at hand. Complaints are handled by something like a call center of mostly unskilled employees whose only role is to blow off customer complaints. Stripe has no business handling peoples’ money because their business practices deviate from business and financial laws, rules and standards.

  • Marco Salinas

    Their common sense customer service is HORRIBLE. Our tax info was updated on our dashboard but it was not showing done on their end. I was not able to process payments and had several hundreds of people on hold for a popular event not able to pay. We were losing revenue and momentum!

    After providing Strip with the tax info they needed, they told me that it would take 24hrs for their special department to respond (not resolve but respond). You would think that they could break protocol and fast track my issue to be resolved asap. I don’t feel like a customer with this company, just another number.

    Needless to say, we will be moving away from Stripe and giving someone else a shot at our high revenue for events like this and others that we do.

  • Cathi

    My vacation rental management company switched to Stripe for payment processing and the result has been pure chaos and fraudulent holding of funds. Owners previously received deposits within a day or two following a reservation, but now payments are not showing up even a week out. No notifications are sent for deposits that are made. Sprite is holding funds intended for owners. This is criminal.

  • R.Bakker

    VERY STRANGE COMPANY, I have started using Strip´s payment gateway and in the start was fine but now that we have started to receive above $1.000 payments we have not been able to move the funds elsewhere. I have sent them OVER 20 emails in many occasions and still did not get any REACTION. The last email i received from Stripe they said my account was good to go. But now i cannot get in touch with them and my money is stuck cannot transfer…CANNOT MAKE PAYOUTS!!!!

  • bruce

    Tried unsuccessfully to use Stripe’s CC services, it might be good for small transactions, but our charges are between $2000 and $4000 and I tired for a week to get them to go through and it would not process, and it wasn’t the CC because I reverted back to my other proccesing system and they all went through just fine. Cancelled my Stripe account

  • Megan Warren

    We have $2,931.60 locked on stripe for the last 90 days. I have sent 6 emails and no answer. Avoid these fraudsters at all costs!!! No phone number to call, the live help is gone. I will start posting this to ALL the internet forums and review websites. AVOID AT ALL COST! My name is Megan Warren and I work with childhelp.org. How long can Stripe hold our money, I have read that for only 90 days, but it looks they can hold it for more time.

  • larry sneed

    I did a transaction with a company that used Stripe. I never received the service I paid for $5,775 due to the fact that the merchant said Stripe refused to pay her, even after they had collected the money from my credit card, which I had to pay. Stripe has been a no show. No response, no attempt to resolve this. They stole $5,775 from me. Six months ago. I am now going to have to file suit against them. Sorry, sorry company.

  • Mark Hocker

    If you value security and customer service then Stripe is most definitely not a company you should dealing with. A fraudulent Stripe account was opened in my organization’s name. It took more than a month before Stripe would even acknowledge that I had authority to even talk with them about the account. Then, once they would discuss the account, the frustrations really began. Stripe’s version of a conversation consists of email and chat with most of the responses being canned or vague. It is impossible to actually talk with an individual. I represent a charity. Our image and fundraising are extremely important to us. Someone established a fraudulent website and funneled the credit card payments through Stripe. Yet, after more than two months, I have not been able to even talk with someone at Stripe about resolving this situation. Again, if you value security and customer service then Stripe is probably not the company you should engage.

  • Steve lachina

    By far the worst company I have ever dealt with my account got heck into on December 17 it is April 3 no payments have been processed into my account but stripes took it on to their selves for my Business to Pay back the money that was fraudulently charged into another account The other account attached to my Stripe account and processed stolen credit card information and through their account and now stripe is taking my
    payments to pay back the fraudulent account money that I did not receive and sent me a nice little letter stating they are not responsible for the company allowing someone to process payments on stolen credit cards and trying to get me to foot the bill I’m not too sure stripes not behind a lot of this but companies like this is why we pay for attorneys this company has no phone numbers only contact information is through emails you email them and 10-15 days later if they get around to it they’ll email you back stating they’re working on it so if you want your money tied up as long as mine has been by all means use Stripe if anyone has any questions feel free to call me at 850-890-9109 and I have BB&T my bank send you any documentation so you don’t make the same mistake I did

  • Theresa

    I just deleted my Stripe account. I hope that this is the end.

    Sadly, many companies are withholding funds:

    Amazon self-publishing (Kindle) withholds your funds for a full 60 days.

    Walmart pays their sellers every two weeks.

    Groupon is doing some type of “graduation” crap where you reach thresholds, and your payouts are suspended for 30 days. In its marketplace page, Groupon still states “automatic payouts”.

    So, I guess this is a trend.

  • Samantha

    Worst processor EVER! I would not waste your time or money on them. Their customer service and protection against fraudulent purchases is laughable. A recent dispute was opened TWICE. They didn’t do anything but “waive” one of the fees instead of helping me investigate why a dispute was able to be doubled. They don’t value their customers and for that reason, I’ll stick with Paypal Braintree. They don’t deserve my business or anyone else’s for that matter.

  • Steve Miller

    Beware of Stripe’s policy in regards to refunds. This is a very unscrupulous company. I had a person place an $699 order in error. Stripe refunded the customer but kept the $20.57 processing charge. For all I know they have staff members placing bogus orders so they can reap the processing fees. STAY AWAY from this dishonest company. They are horrible. You can’t contact them by phone only by email or chat. I cancelled my account immediately upon learning of their fraudulent policy.

    • Raphael Sandvol

      The complany processed over $400 in customer payments then held payments stating that we would have to enroll in a pharmacy prescribing company before we could have funds deposited to our corporation. And guess the cost of that service? You got it: $400.

      We reversed charges to all clients and ran to Square Booking.

      And of course they have no customer services telephone

  • Brian Phillips

    Run away from Stripe. If you haven’t been screwed by there charge back system yet it’s only a matter of time. Stripe allow scammers to purchase from your online business, then submit a charge back complaint allowing the customer to keep your product and charging your account the full amount plus a $15 fee. Stripe fails miserable when it comes to their obligation to protect merchants. RUN AWAY. I can only imagine they are in on this scam.

  • Susan Simmons

    I don’t even know what Stripe is but I keep getting these emails from them talking about “my account” – which I don’t even have! Today I got an email saying something about not getting over $500 because somebody denied making the charge – or whatever. I just delete these email from Stripe because I figure it’s just a scam operation. Wish the government would shut them down. I’m sick of deleting their stupid emails. I don’t dare reply to the emails because I don’t trust anything on the internet that I don’t understand. I’d like to tell them to quit emailing me. But of course there is no “unsubscribe” at the bottom of the email. There ought to be a law against this crap.

  • Michael

    Stripe has an incredibly high rate of fraudulent payments. Whenever a fraud is committed, they dump it on merchants and charge them absurd fees, followed by pathetic cop out excuses. In short, they do a poor job validating payments and dump the responsibility for it on merchants.

    I will definitely consider the option of joining a class action lawsuit. In the meantime. avoid them, terrible service.

    • Leslie Harrison

      If a class action lawsuit does come up please inform me so that I can get in on that too. I had my first big sale for my small company and they withheld my payout, caused me to lose the sale, over drafted my account with these outrageous fees and then left me out to dry.

  • Deanna V

    I have an issue with their turnaround time on payment processing. Stripe advertises “2 business days” and in my experience it’s been 7-10 business days. Their website says the FIRST payment takes 7 business days. We’ve been processing with them for 5 months and our service time has not shortened since day one. It STILL takes 7-10 business days from when our customer submits payment, to when the funds are deposited into our business account. Why does Stripe need to hold our money for that long? I could walk from my front door across town to deposit money in the bank faster than Stripe can process a payment. In this day & age, their process is unacceptable.

  • Sandi

    Hi Roy,

    I apologize in advance if this response seems ignorant. I am just trying to figure out this issue.

    I understand everything you’ve noted below, however you are not giving me specifics as to why I am high risk.
    I have received 0 chargebacks or disputes for over a month now, the full life of my account with you thus far.

    The 90 day payout date from the time the first order was placed on January 23 2018 is April 23 2018, not May 5th.
    Will each payout from then be in separate payouts to my bank account, or will it be in one lump sum? According to you, it would be in one lump sum much later than they are due. That should not be the case, they should be paid out according to when they were received in +90days. Correct?
    In 45 days to re-eval will be: March 9th.

    I absolutely will not refund my customers as I have already shipped ALL orders as I have noted in email many times. Why in the world would I allow a customer to receive an item for free? What benefit would that be to me? Why would you suggest that?

    Stripe breached your end of our contract by not releasing payment to me starting on January 30th.
    I am requesting the name of your banking partners besides Sillicon Valley Bank Partners? If what you just said in email below that they require you to hold funds for 90 days, WHY ISN’T THIS TOLD TO the Merchants when opening an account?
    Please point out to me exactly where on your terms that it says all payments will be held for 90 days before processing a payout.

    I am not a fool, Stripe does have the ability to payout without holding as a reserve. Claiming there is “no way around it” is a cop-out. Stripe is the one “investigating” businesses, not Visa/Amex/Mastercard/Sillicon Valley and so forth.

    Your explanation of allowing payments to go through BEFORE checking into a business is absurd and unheard of. Stripe knows exactly what they are doing here. Illegally withholding funds without reason.

    Since my legal team is the State of Pennsylvania Department of Securites and Banking, they will not contact Stripe via email, they will contact via phone, fax and registered snail mail.
    Even though you have no phone listed, which is very odd, the State Department will locate the number.

    I have requested many times via email as to why you are holding funds and you have offered no explanation other than your general wording of my business being high risk. Prove that to me. Its your burden to prove that to me and my burden to seek my earned monies from you, which I am doing so but slightly losing patience.

    Roy, you have to admit, this is getting ridiculous. You have my bank account information. If there is a chargeback or dispute, Stripe pulls it from my account. There is no risk on your end as I intent to keep up my end of the contract and allow you to do so if needed.

    Looking forward to your reply. These should be easy questions to answer.

    PS. The hundreds and hundreds of complaints regarding Stripe online are severely if not exactly the same issue I am having. Whether or not you are making money, this is wrong and illegal.

    From: Stripe Support
    Reply-To: Stripe Support
    Date: Monday, February 5, 2018 at 12:28 PM
    Subject: Re: Payout date

    The following addresses are subscribed to this thread:

    Hi Sandra,
    Thanks for getting back to me. Please allow me to explain the situation with your funds and your account, please bear with me as this email will be a bit longer than normal.

    Just to clarify the situation, we normally allow our users to process a certain amount of charges before we reach out for more information or make a decision in regards to their account. The way our review process works is that instead of bombarding you with requests when you sign up with Stripe or making a hasty decision, we want to give you time to get to use Stripe and it also gives us time to see how you interact with your customers and gives us a clearer impression of how your business works.

    To provide some context, Stripe is required by law to complete what’s called a KYC (Know Your Customer) review for every business that signs up with us. This involves completing in depth reviews, including what you’re selling, how you intend to sell it, your own description of your products and services, your website, and a variety of other factors. We use all of this information to determine how risky a business is.

    We’re under strict regulations from our banking partners that dictate the exact level of risk for future disputes we’re allowed to support. During the in-depth review of your account and business, we came to the realization that your likelihood for future chargebacks exceeds the rate we’re legally able to support based on those regulations. I’m afraid we can’t offer much in the way of specifics regarding our review process for the sake of security, but please rest assured that we did a thorough review of your business and tried our hardest to continue working with you.

    Stripe’s financial partners state that we’re required to hold onto all remaining funds for the industry standard chargeback window of 90 days (5th of May 2018). That hold helps protect ourselves, our banking partners, and your customers from potential fraud or disputes. We simply have no way around these regulations and have to create a reserve. Once that period is over we’ll deposit all remaining funds into your bank account automatically. You have agreed to this reserve when you signed up for Stripe as this is part of our terms of service, Section C part 8, which you can find here:

    We would greatly prefer to transfer all funds to you as quickly as possible. We simply have no way around these regulations and have to create a reserve. That said, I would encourage you to write back in after 45 days (21st of March) and if there has been no chargeback activity, we may be able to release your reserve early.

    Alternatively, if the funds are required immediately, you do have the option to refund those charges to your customers and secure payment through an alternative means. It’s good to know that when you issue a refund through Stripe, we return all fees associated with the charge. I’ve added a link here to your payments if you’d like to issue any refunds:

    Should you wish to continue with official action, you can direct your legal team to submit any official legal notices in the following link:https://www.stripe.com/notices

    I know this isn’t the response you wanted, but hopefully, I have shed some light on this matter. Please let me know if you have any questions or if there’s any way I can be of help.

    All the best,

    On Feb 5, 09:01, wrote:

    Hi Roy,

    Thank you for your response.

    I understand you do not want to do business with me going forward, but why did you accept and process payments for me for 2 weeks, and it would have been longer had I not noticed the payout issue. I am very concerned because I have read hundreds of complaints of Stripe doing the same thing to other merchants, and in the end, ruining their businesses. Is this Stripes “M.O”?

    I have contacted the BBB, knowing that there will be no outcome from that side of things, but I have no choice but to contact the PA Department of Banking and Securities as well as the Attorney General.

    There is no excuse for NOT checking into a business BEFORE accepting thousands of dollars worth of payments for them. Absolutely no excuse.

    I have read your terms and policies from start to finish. Your list for known high risk items, none of my items I’m selling fall under those categories. I sell housewares, bikes, electronics which 99% are refurbished and other small items. I’ve given all info requested and have a wonderful track record with the site I have been selling on for years.

    As soon as I noticed the “payout” issue, I have switched payment processors and they also do not deal with “High Risk” clients, I am not high risk.

    I request that you at least release ½ of my due Payout and I will gladly await the remaining ½ for the 87 remaining days. If you cannot and refuse to release money that is due to me, by law, because I have shipped the items and have not been paid for them, then I will have to go forward and send off my messages off and see what they can do for me. I would not be pressing this issue if I had not shipped all the orders.

    I put my faith and trust in you guys, shipped all items because your system stated it was ok to ship as the payments passed your inspections, and now I ended up with $0 for items that I shipped.

    I am looking forward to your reply.

    On Feb 5, 03:14, Stripe Support wrote:
    Hey Sandra,

    Thanks for contacting us here at Stripe. Please bear with me while I shed some light on our decision. I’m afraid we’re unable to reverse our decision.

    To be clear, I can assure you this decision was not based solely on the 23 charges you already processed through Stripe and I completely acknowledge that you haven’t received any chargebacks at this time. However, after a thorough review of your account and business, we came to the realization that your business has a high likelihood of receiving disputes in the future.

    Our banking partners analyze certain characteristics of your business to see if they match their own processing criteria. These criteria are created based on decades of risk management data surrounding certain business types. Because Stripe has to work with credit card networks and banking partners to allow us to process payments, we have to follow the restrictions these partners/networks place on us. If we didn’t follow these regulations, we wouldn’t be able to continue providing our services. It is for this reason that our hands are truly tied.

    I’m sorry that we can’t do better for you right now, and I wish you the best of luck in all of your future endeavors. If you have any other questions regarding Stripe, please don’t hesitate to write back, and I will get back to you as quickly as I can.
    All the best,

  • D

    Disappointed. Worst payment processor ever. I’m just wondering why people even compare it to paypal? It’s not even close. I’ve never heard before that when buyer returns item and receives full refund Stripe will still keep 2.9% from seller’s balance. And reasons don’t matter, changed mind return or fraudulent transaction, if you issue full refund to the buyer you won’t get 2.9% back. If you are a small business considering Stripe, please do yourself a favor don’t even think about them.

  • Josh

    I was just notified from a company I was planning to order S9 Bitcoin Miners from that they are no loner able to take the order through their stripe and their funds have been seized for 45 day due to Stripe. I thought this was a free economy. I should be able to do what I want with my money and not have some third party tell me what I can and can’t do. Banking institutions are scared of blockchain and the freedom it represents. Poor management and customer support from Stripe on this issue when I tried to contact them direct letting them know I indeed authorized this purchase.

    Horrible company who hates progress and freedom!

  • Katy

    Stripe was ok for me for a while, and processed my payments. Then out of the blue, they sent me an e-mail saying that I violated their terms of service for pornography…. I sell digital photo file sets of my modeling, and I have never once sold anything with nudity. I do cover part of the photo so people can’t download the description photo, but seriously?! This is ridiculous. I’ll stick with PayPal from now on. Also, I tried to ask Stripe to take my bank account information off, or delete my account,and they said they couldn’t, so they are pretty much holding my private information hostage when I don’t want them to have it any longer.

  • Janice Fenton

    Stripe accepted and processed a foreign credit card that had been stolen. Then they allowed the card to pull out money plus fines without notification AFTER the product had shipped.. THEN they never refunded the commission they took from the original fraudulent transaction.

  • Rocky

    We ran a pre-order sale for a limited units and we decided to use Celery pre-order services which is build on STRIPE platform.

    3 days into the sale, we received a strange email from STRIPE saying they wont support our sales.

    Ok, fine. There are 100’s of other better services. We will move out!

    But, by then we had received around $18,000 orders which is scheduled to be shipped in the first week of Feb 2018.

    We went to access our pre-order funds and there was a BIG SURPRISE waiting for us.

    Apparently STRIPE uses a special magic algorithm and their underwriters have concluded we are high risk clients and they want to hold our funds in reserve for 90 days.

    If the customers don’t seek refunds, they will release the funds on 4/4/2018!

    90 days, REALLY?? We have to complete manufacturing and ship the products in early Feb and we cannot even get to our funds.

    In a nut shell, our business and the good will worth $200,000 is totally ruined.

    How do i make them understand, if the customers don’t see their products shipped in time, they will obviously seek refunds.


    I am working with my lawyers to SUE this ridiculous company called STRIPE and make them feel the same trouble they bought us.

    After seeing so many complaints on this website, i am thinking to make this a class action and bring in all the hardworking people who got screwed by STRIPE and hold them by the collars and seek damages.

    The Golden time for Banks and their Authoritarian rule is over Guys!

    They cannot rule our lives anymore!

    I tried to buy http://www.stripesucks.com but to my surprise STRIPE has bought it themselves and pointed it to their own website! see the irony!

    Please join us so we can hold these business wreckers responsible for their action.


    • Josh

      sounds similar to our situation. They are nothing but a fraudulent company that should be investigated and shut down.

      I have a feeling they are near bankruptcy which is why they have to play those games with other peoples money.

    • Leslie

      I would love to be included in a class action lawsuit against these thieves. The way they move is ridiculous and they need to be shut down immediately. I wouldn’t be surprised to hear the name of this company on American Greed sooner than later.

  • Jackie Edey

    Legacy timepieces are just con artists. I might have only lost a small amount of money but they don’t reply to emails you send them. Stripe had the payment that showed up on my bank statement, they seemed very helpful but could refund my money and couldn’t tell me how I could get hold of this so called legacy timepieces company. I can’t see why stripe couldn’t email them and demand a refund for me. They were good with their support but no help to me. This legacy timepieces are still advertising. I hope nobody had their Christmas completely ruined like I did. I hope their warehouse/ factory if they have one burnt to the ground, and NOT covered by insurance.

  • Sara Elle

    Stripe has been such a nightmare to deal with. I’ve been trying to deposit a payment for 3 weeks now and they cannot tell me why it keeps failing. I keep opening tickets and they keep closing them as though the problem is solved. Not what I need when running a business.

  • Ed

    Stripe is the worst. They just decided on their own to stop sending me my funds until I signed up with a company called LegitScripts. LegitScripts deals with online Pharma Companies of which I am not. Of Course you cannot contact Stripe via telelphone. So its an email hell. I would not recommend using them because they do not have you back. If a credit card dispute comes in, they step aside and the credit card company wins. Then Stripe will charge you a fee. There are better options.

  • Floyd

    I dont understand why they need to wait 7 days after receiving my companies invoice payments.
    Secondly the seven days is not reliable so do not count on using this money for anything in the seven days because they change it and it’s not consistent even on their own site, on the dashboard it will say for example: payment expexted.January 1(8days) but then if you going to payouts it’ll say expected December 31st.(7days)
    Thirdly the rates to high… when I was first looking into this they advertised a rate lower than I’m paying now. I signed up expecting that rate and then all the sudden the fee rates over 3%.
    I will not be using this Payment Processing Company in the new year I will use PayPal, they are more reliable.
    3 out of 5 for stripe.

  • Maurice

    I am a app developer and came across Stripe many years ago and was initially very impressed with its tech. However they have since become a nightmare for app developers like me who spend time and money to create apps that work with Stripe and Promote Stripe (i.e. developed for mutual benefit). I received an email one day saying my account was to be closed because it was considered high risk for charge backs. However if they had properly reviewed the account they would have realised the business model has zero risk of this occurring.They failed to make a rational decision and review the account correctly, despite me requesting it be reviewed by upper management. Further, they gave me 7 days to switch to a new provider and this left my customer base with no app after this period finished. Thanks Stripe for your irrational decision making and not understanding your customers. You have left me out of pocket, left my customers with no payment app, destroyed years of goodwill with my customers and I genuinely regret the time I have dedicated to developing apps which promoted your company.

  • jack johnson

    Horrible company to deal with.

    our account has “elevated risk” even though sending all compliance documentation and being in business for years.

    without warning. account closed and funds held for 90 days


  • Lawabbidingcit

    I used a service app called Placer to make extra money on the side which recommended me this company. It has literally been 2 months after emailing back and fourth to get my funds and their reply is That they only take low risk clients. Which I replied and said Ok this is the last time we are doing business. They still won’t reply and give the money owed to me. I highly recommend you avoid this company.

  • Steve

    Fraudulent charge on my card from this company. No contact information other than to send them an email with my full card number (not happening) for them to look into it. I don’t know who they are or what they do for certain but this is one shady company. Anyone that has no contact information except to email a full credit card number for them to look it up is beyond a fraud concern itself.

  • David

    Just like so many here, I used Stripe perfectly fine until I received a fraudulent order. I was away at the time and didn’t see it, although it was a credit card order to Indonesia made by someone also in Indonesia, but a differnt island. The email address was clearly fake/temporary, and the phone number was fake, yet it passed their ‘fraud detection’.

    After all was resoved, stripe charges you $25US for getting scammed. It might seem unbelievalbe but it’s not. So not only do you lose any profit you would have made, if you shipped the goods you’ll lose whatever you spent on that, AND stripe takes a bit of your money too just to add insult to injury.

    I’ve made them hundres of dollars in sales and this is what I get. Will never ever use them again that’s for sure. I wrote to them voicing my compaints and heard nothing back.

  • Rick Richards

    Found a charge with my bank from two days ago. I am not a business nor do I have a web site. Have notified bank of situation and ordered a replacement card to prevent additional charges. At this point, MUST CONSIDER THIS AS A SCAM.

  • Daniel Taylor

    WOW! Bad customer service! They sent me an email stating my account would be closed in a few days due to the sale of pseudo Pharmaceuticals. Yet, my products are made by Allergan and are regulated by the FDA. I sent them documentation from Allergan and the FDA website stating such. It took them 4 business days to reply to my email. Their email did not answer my original request to identify which products violate their policy. They only sent me another link to their policy page. Oh…. And Theo assured me that there are real humans working at this company and that it is not a bunch of robots. Daria, since she’s the one that sent the original email and never responded back, sounds suspicious. Have not communicated with Ralph yet — he works with Theo.

    I’m probably going to go old-school here since they don’t seem to like to answer the phone. I’m going to write their CEO a letter! Also, you can add one to that BBB complaint list.

  • Walter Gerula

    Signed up for stripe through my Invoice2go app first transaction was no big deal we both got paid on the second transaction l have now been waiting 22 weeks for my money this company sucks now they want a bunch of information about my business I don’t think is necessary to give

  • John VanderWerff

    O/5 review
    This site has charged me for a service I don’t use, and won’t ever use. It was supposed to be a PAY AS YOU USE service but I’ve been charged 22/11/2017VISA-Stripe GALWAY IEFRGN AMT-131.790000#3312787(Ref.112201034387)-$179.99 for nno service
    Don’t sign up for this service as it’s as good as a scam

  • Ingrid

    We choose Stripe to process our online orders based on the recommendation of our developer. We used paypal through our previous website but when we moved our platform to Square Space, we were told that paypal was not an option. Stripe was supposed to have all kinds of security features to protect us from fraud. I’m finding this seriously lacking and the fact that no one really seems to address my concerns leaves me disappointed in Stripe. There is no phone # on their website and I am not getting any acceptable response to my emails through their contact us page. I keep getting the standard “how to protect yourself from fraud” canned responses.

    As a result of a dispute we discovered 7 fraudulent transactions over the course of 1 week. We acknowledged the initial disputed transaction was fraud after speaking with the card holder. I received notification that we would be charged a $15 fee for the fraudulent transaction and when I asked customer support about it I was basically told “too bad, so sad”. After identifying the additional fraudulent orders, I refunded each, to avoid the dispute fee. I find this policy unfair and punishes the vendor for trusting Stripe’s (non-existent) fraud protection. We are a small business and cannot afford the lost revenue, product and now fees. Why doesn’t Stripe protect the vendor? The cardholder gets their money back, but we get screwed for using Stripe as our transaction processor.

  • Jacque

    Stripe is holding $32,000 of my payment funds without giving me a legitimate reason. I have signed credit card authorizations from all on my clients. They will not call me or respond to my emails in a timely fashion.

    Totally Unprofessional!

  • K MacPherson

    Terrible customer service. We are locked out of our account and no one is replying to our emails. No phone support makes this seem super shady! We have not received deposits and now are freaking out. Very frustrated! Where is our $$$$!

  • Marcus

    Simply said, avoid Stripe and go for other options.

    We had the worst experience ever, because Stripe just informed with an e-mail that they will close our account in 5 days due to “pseudo pharmaceuticals”. We have done legitimate business with nutritional supplements for over 20 years and have never faced anything like this.

    We have sent five separate e-mails to Stripe and they never even responded what we have done wrong, but only closed our account.

    What a bad experience with this company, probably the worst we have ever experienced with any company. We have provided Stripe a one star out of five, but would have provide Stripe zero stars, if that would have been the option here.

  • Alfred Moore

    Did you hear about recent Stripe policy change with processing customer refunds? Now Stripe DOES NOT return original fees associated with refunded transactions, they keep it. When I read about it on stripe.com, I could not believe my eyes. Stripe has created a golden opportunity for cyber criminals to demand ransom payments from owners of online businesses for not placing multiple orders and canceling them to make owners refund and lose money to Stripe on original transactions. There is absolutely nothing that can protect business owners against such type of attack! When someone places an order and pays for it with credit or debit card and later cancels the order and asks for refund, a business owner must issue refund or risk hassle with chargeback dispute. Refund issued, but original Stripe transaction fee not returned creates money loss. One refund creates small loss (depending on original transaction amount, of course). Many refunds will create significant money loss for online business owners, and here comes the ransom request.

  • Earl Rodgers

    We purchased a new business. And the web service we used had stripe as a preferred credit card company. So we decided to try and use it. WHAT a nightmare! We have been asked to verify a dozen times, there is no way to get hold of support services or accounting, Strip has continually change our deposit dates. Guest have used our cabins, checked out and have been very satisfied. And Stripe is still holding our funds in their account and won’t deposit them to our account. When you log into stripes dashboard to check the funds, deposits are always a different date. If anyone knows where to go, or how to press charges against this ghost company, I would love to know. Hardships and headaches are all the comes from using Strip services.

    • Peter

      Not even open for 1 week, processed 2 payments of approx £1500 each, received additional info request, provided invoice and business model, told “thanks” carry on processing, today process a further payment and receive, “we cannot support your service as is high risk” Internet Marketing?? Running Campaigns…This firm is a joke, we all write and rant here, but will get nowhere, they purely hold your money for 90 days as they state and just when and if you get it, your f**ked and your business is ruined…We told them £5-10k a week, and they can’t even handle £3k without stealing it. It’s literally theft. Image when paypal hold your £1 for 1 day, they have approx 120,000,000 millions transactions a day, that’s serious capital to play with on the market !!! F88king scumbag company…..BOTTOM LINE, WHO IS EVERYONE ELSE SWAPPING TO THAT PAYS OUT IN 2-3 DAYS..Izettle are great but they don’t do “card no present”

  • Amanda

    I’m a small business owner and integrated Stripe as my payment processor on my website to book clients. The policy of NO REFUNDS was clearly listed on the checkout page where people enter their credit card information but Stripe didn’t help me (their customer) and allowed the credit card to refund the charge PLUS charged me a chargeback fee. There should be consequences when people decide to purchase a NON-REFUNDABLE ticket and then don’t show to the event and later decide they should be able to dispute the charge but Stripe just helped promote entitlement and proved that they do not care about small businesses. I help start-up new businesses and will most definitely be letting everyone know that Stripe should NOT be used as their processor.

    Also, they have NO phone customer service – the only way to get in contact with someone about an issue is through EMAIL. This is a red flag.

  • Rosa L Barrow

    They do not have any kind of insurance, so if your customer uses a fraudulent way of payment they won’t ever try to help you. That will be a lost for your business. That is totally unfair if you think in the amount that we paid Stripe for every transaction. I am absolutely dissapointed.

  • James Lawrence

    On the dashboard, I read that Stripe was delaying our payout again and again.
    Personal ID has long been uploaded, business is verified. I’ve been sending this in several e-mails, I’ve also sent photos, and screenshots
    What is the real reason for the delay?

    Our company main profile is the courses planning. Our company would have started a “special license” course today, and because our course was not received the payment from Stripe (but paid already by our customers), we could not start the course.

    Our clients are outraged and many ask for the course.
    I think it’s unacceptable for a business to lose customers as a result of Stripe’s delay.
    After that, I request the Stripe for the immediate our payout.

    Today, I have explained to the Ministry of Education what happened with STRIPE, and why we did not start the special course today.

    Unfortunately, this deliberate damage is suspicious.

  • Paris

    Extremely disappointed in switching to Stripe.
    Continually holding funds for 10 days. It’s bad business and why we will go back to our previous merchant where we get our money in 2 days or less. With Stripe there is no phone number either and email support takes a while.
    As of today we have stopped using Stripe and will never recommend them as a merchant provider.

  • Karen Larence

    I just realized afternoticing that my cashflow was short, that stripe has not deposited any of my funds for almost 1.5 months. I have 26,000 in accounts receivale with them and they simply decided not to deposit my funds. Now I am trying to call them, but guess what? No customer service telephone number!!! Great!

  • Troy

    Horrible!!! No way they should be able to deal with people’s money and not even have phone support! Also they pick random reasons or in my case no reason at all to place bogus 90 day holds on funds without even giving proper warning! Absolutely horrible business will never use again!

    • Keith Elphick

      Totally agree. This is a crap outfit who hold people’s money… play International stock markets for at least 7 days, then release your funds, less a commission charge.
      They have the audacity to make comparisons with Pay Pal?????
      Pay Pal have a solid reputation
      I’ve never heard of them…. and guess what……. NO TELEPHONE NUMBER. Shonky, non transparent, slick and creepy.
      INVOICE2GO have to give their customers an explanation. NOW.

  • Wilson

    Do not use stripe and it co-operate with fraud buyer and stole the money by charge back. They charge back without refund the commission and extra $15 charge back fee. That is the way they make money.

    We begin to use stripe for a few month and normal our item is small order as the start up e-commerce store. Suddenly, huge order with thousands dollar amount come to our site. To our surprise, stripe do not flag the fraud buyer and approve the transaction. That is beginning of nightmare. We find the fraud abnormal order and cancel the order immediately. However, stripe do not cancel the transaction and charge the process fee and charge back after fraud buyer open the dispute.

    We have contacted with strip hundreds of times and stripe refuse to provide help on this case. also stripe refuse to provide any information about dispute. We have no way to contact with disputed bank and do any back except stay in the lost the case.

    Suppose stripe.com should flag the fraud buyer and protect merchant seller. However, they do not, and even they hope more fraud scammer and they can make money on commission of thousands of dollars. Seller stay in bad situation and have no way to get any information from stripe. Stripe hides all the channel and information, and make money by commission of fraud transaction and charge back fee.

    Stripe is the trap and e-commerce store should away from stripe.com for safe.

  • JR

    Stripe continues to withhold funds that were paid in June, it’s now September and reaching out to their support team is like talking to a wall. They continually give me a different reason for why I cannot get a payout when I prove their previous reasoning wrong.

  • Sam Hinchcliffe

    There must be some way of contacting these people.Does anyone know their address. I have had to close my new business down because they stole my money with no explanation. Ive only had three clients pay and none of them had made any disputes regarding the payments. They have got nearly £4000 of my money and have had it now for 109 days. The last email they sent me months ago was they were going to keep it for 90 days INCASE anybody charged back Well they haven’t and they have ignored every email I have sent them over this past week and I am talkin aroud three emails a day !! Surely they cant get away with this ?!?!?! When I log onto my dashboard there are no disputes and no charges deemed as high risk ?? They are thieves and liars .. Why are they not being arrested and shut down ??!

    • mandy

      Lets do something together about stripe the told me to close my account that had 1500 in it and open a new one as the set up on my site was wrong and needed to be amended, I did this and guess what, 1500 never arrived in my account and they are saying they never had an account under the email address, with receipts from them for payments, honestly going out of my mind as the money keeps my child alive who is very ill, how can they do this!!
      Contact me on twitter, @vfitvfitter I have had enough of these companies.

  • Bernie

    We have no idea who this company is but they took $44.20 from our account in June and July. I have called the number associated with the entry on our account and left a message. No replies.
    My husband tried a home email business called ‘myinbox’, which is bogus, and this must somehow be connected to that site.

  • Eric Powell

    DO NOT USE THIS COMPANY FOR CARD PROCESSING. They will not assist in anyway with potential fraud issues. They will not make contact with the bank that is disputing the charges, nor will they pass on the info to the merchant. They claim they are just a bridge between the two. THEY WILL NOT ASSIST YOU in resolving such disputes. YOU WILL NOT BE ABLE TO SPEAK TO ANYONE, AT ANY TIME……

  • Danielle

    This company is horrible. We are a small web development company in Florida, and they cancelled our account claiming it was “high risk” and categorized us as a multi-level marketing. Which we are not in any way shape or form. This is just very frustrating. They have NO support except through email, and they still all seem like canned responses. Don’t waste your time and energy setting this up for them to just shut you down.

  • James Lusk

    I HATE stripe. It is pretty expensive. But the worst part is their service. There is no phone support. Every time I have an issue email is the only option. And, every time I email a request, they misunderstand and send me generic FAQ answers that I already know don’t work because I have looked. Typically, it takes 5 days to resolve issues waiting for email back and forth. The whole time, I am having to deal with issues it maybe causing my customers.

    Please see below for a sample of an issue I am having now. I have my statement descriptor set, but it is displaying as something else on customer statements.

    I spoke with one of our customers today and discovered that on their statement, our orders are showing up as ‘User Panel Payment’ on their credit card statements. At some point, I remember setting up my account to display as ‘COMPANY NAME OMITTED’. I have double checked this on my account, and updated it.

    Now, I am sure that it is happening because of an issue with stripe.js, which we will be looking into. However, the reason for writing this is because I wanted to set a ‘global default’ which would override this setting, no matter what was happening with stripe.js.

    Is this possible?

    thank you!

    STRIPE’S FAQ response I addressed in my original email:

    Hi there,

    Thanks for contacting us, I’ll be happy to help you! I understand the importance of making sure your account statement descriptor is setup and I’d love to shed some light on this.

    You can set up or modify your statement descriptor directly from your Dashboard, so it’d be easier for your customers to recognize the charges. To do so, you just have to click on “Bussiness Settings” on the left side menu and then the “Business” tab on the new page.

    On that new page, scroll down and you’ll see the area called “Public information”. In there you have a blank next to “Statement descriptor” where you’ll be able to write the name or description you’d like your customers to see on their credit card statements. Here you have a direct link to that section:

    Hope this helps, but feel free to let me know if there’s anything else I can do for you!


  • Chan

    Stripe scam my money, I have an new account on stripe and I have around usd$8500, I update little information to my domain and they say the account change and I can’t get back money, but my account bank name user name is totally same, I have finish order and no any charge back or any dispute, they reject to give me money and didn’t reply my email too, it is a cheating company, no trust them

  • Eric

    I’m sorry, but when someone goes out of there was to email you and try to pretend like they want to pay you money for services and then at the end, when you provide your payment method and they counter with ohno, please go and sign up for stripe??????? When people know the company and security is so terrible, people are getting lured into using it so they can be hacked….you know you are a sh****y company.

  • Marcus

    Upon having zero issues with stripe, no disputes and had verified my account .my payments suddenly stopped being paid out and stripe then closed my account. No word of warning. No issues nothing. Just closed the door on us. I am extremly concerned atvhow they behave in this manner. Refusing to pay out ourcfunds and all goods have been delivered as we only take payment on deliver. No matter what i do stripe copy and paste a generic response and wont pay us out. What can i do as stripe have no contact phone number. Is this company a scam as will go to the police if needs be. We need our funds as we had already paid for stock and delivered all our orders.
    Stripe i am disgusted at your conduct and lack of communication.

  • John Blanchard

    Stripe is AWFUL.
    They continually lied about the date the funds would be transferred.
    Then they asked for information that the didn’t ask for when opening the account, (only to hold the money so they can make more interest I’m guessing). If you want to lose business and look like a fool in front of your customers, use STRIPE!

  • Shaun J

    I Have Absolutely Had it with Stripe, and it appears I am not alone. I Have followed all of their guidelines, I have provided all of their proof on charge backs, and still they take the money and decide in the card holders favor. I can’t contact the card holders bank directly, no phone number for Stripe, no way to actually speak to anyone except email. I am already out $1,000’s of dollars in the last few months.
    I literally had someone file an inquiry charge. So I contacted them, and responded with all of the proof, including the communications between myself and the buyer. All of a sudden 1 month later, they decided to say that it was upgraded to Fraud, and took back $129.99 + a $15 fee. How could you even do that when the evidence was clear as day.
    I am starting to think I just need to use paypal, because this is starting to smell like a scam.

  • Steven

    Stripe is in my opinion a fraudulent payment processor. They arbitrarily blogged my Store on Shopify (located in Canada) without giving me a good reason. I obeyed the rules, etc. But I think, they just didn’t like my shop. Shopify does not protect his customers (merchants) and they can shut down your business in one second. I read all the other negative reviews and can only agree. I regret having opened a shop at Shopify. Nobody told me upfront. They took my money. I will look for another platform (E-commerce) with a better attitude and pleasant reviews.

  • Devin

    They are using their employees as scapegoats and fraudulently holding payments and closing accounts using their “bank” as an excuse. These people are so full of S*** it’s not even funny.
    They should be hung or burned at thew stake like the old days for stealing or “holding” probably millions, maybe even billions of dollars from people just trying to make a living selling online and THEIR CUSTOMERS

    They also offer no support and don’t even have a phone number to call

    Don’t believe a word they say on their website because it’s all BS
    They will not pay out in 2 days and then they will not even pay out at all!!!
    They have every excuse in the book to STEAL YOUR MONEY and even worse, you will send your customers their orders and be stuck with even LESS than they are holding!!!
    STAY AWAY!!!

    • Michelle

      I am curious if there are any updates to your review/actions by stripe.com. I am going through the same thing right now with one customer claiming – through stripe – that the person is claiming fraud – I didn’t authorize the transaction. The kicker is this is 3 months ago after all the product (subscription boxes) have been sent. They all have been received and am currently in dispute status submitted my shipping tracking numbers, receipts, shipping info which matches their account, history of log ins and email communication too. Regardless money has been deducted from my account – so not only am I out of $450 of product but another $450 in “cash” for a total of $900. No warning, email, etc. saying anything about they are doing this or the case is closed ruling in the favor of the client, etc. Nothing. What’s the point in making a dispute claim and submitting lengthy proof showing your are in the right when they don’t care and “side with the customer” which I am pretty sure they are scamming and just keeping the money. I am seriously thinking of doing a case against these people as many of my subscription box owner friends say this is happening more in the past few money from them – same scenario. Would like more info if you wish. Feel free to contact me at [email protected]

  • Paul

    Just another of the many negative and upsetting comments about stripe wish I would never have signed up with stripe holding my customers money not paying me may cause me the entire job horrible horrible horrible service and no customer service with no phone number to talk to a human being what a joke!!!!!

  • John Heuerman

    We opened an online ecommerce account through Wix and subscribed to Stripe as their trusted credit card processing partner. To my utter shock we are a victim of fraud and Stripe are supporting fraud with their shockingly flawed system. They process and collect payments made by customers therefore they decide if the payment is fraudulent. They then hold the funds for 7 days an obvious cosy deal with the banks, they then deposit the money into your account some 10 days later. You innocently send out the goods, only to discover a few days latter that the product was purchased through a stolen credit card and Stripe just take the money from your account and say ” hard luck poor businessman it’s your fault” how can it be our fault if you solely are responsible for the entire payment processing procedure. Support could not careless. Stripe are in bed with fraudsters and are thieves do not go anywhere near them and I want my money back. I have reported this to the authorities and will not let this go as we are innocent

  • Curt Neuharth

    The Los Angeles Business news posted an article about stripe and everything that was in it-seems to be complaints that are being voiced here. But the below I copied from the article:
    Security is a huge concern for any business that accepts credit cards, especially online. One thing we particularly liked about Stripe is that it handles security so you don’t have to.
    First, Stripe processes transactions on its own network. This means no sensitive data actually touches your servers, so hackers won’t have access to your business’s or customers’ credit card information if you’re ever the victim of a cyberattack, Stripes rep told us.
    Stripe has automatically implemented several layers of protection specifically designed for Web-based financial transactions. For instance, Stripe’s client libraries and mobile API meet such industry standards as PCI-DSS requirements, so you’re always compliant. Stripe is also certified as PCI Service Provider Level 1, the highest level of security certification for the payment card industry. Two-factor authentication is also available to further protect and prevent unauthorized access to your account.

    –Not only did they not protect me and my information but they are not protection the people who are using credit cards through them. They said someone went into my account and changed all the information and they said it is my fault and will not pay me out for orders after that and they will not cancel my account so they are continually taking my money from orders.

  • Curt Neuharth

    I have stripe for about 1 year and only had 5-6 transactions and they said that there was a fraudulent charge and they paid someone out $20000.00. They said that someone went to their website and changed all my information and even changed my bank account! They are now holding the money from the few orders from May and are applying it to the fraudulent charge they they paid out. I received no notice of the changes, I received not notice of the order. If they don’t have a better system than that they should be prosecuted by the law!! They are taking information from my customers and allow their system to get hacked? Has any one filed charged with the attorney general or police? I am filing changes and I am showing them all your comments. So I hope you do the same with your state attorney and police. It is illegal what they are doing.

    • nikki

      I am having the same problem. Infact, I never heard a word from the customer that they even had an issues but then Stripe claimed that my customers were demanding their money back for items they received stating that they did not approve of the purchases. I prove these claims to be a lie but they seal refunded the people stating that their decision was finale. That the issues was between my customer, their bank and myself.

  • Steven O Connor

    Set up with these guys. They don’t supply a payment app themselves which is very unusual. The reason they do this is so they can recommend a ” 3rd party app” to download. When you take a payment it will show up ” payment successful” . Only 3 mnths later after by chance I checked up my account & not all of the supposed “successful transactions” where successful. I have lost 100s of euro not to mention paying stripe 100s of euros in fees . After contacting them I was basically told tuff, not our problem. Contact the app. It’s nothing to do with us. I was told I should log onto my stripe account and double check every payment to make sure went through. So basically if u run a coffee shop and u sell a coffee & u take a payment and the machine says payment accepted they expect you to log on to your stripe account and check to make sure money actually went in. This is absolutely ridiculous, you can’t run a business like this . Anyone who uses stripe log onto your account. There could be a lot of failed transactions you do not know about. While it’s a handy app I recommend to Get a card terminal there way cheaper, reliable and insured. They don’t tell you transaction successfull when it’s not while unknown to the business owner customers are walking out of your shop without paying. Iv reported to the financial regulator. Hopefully they won’t get away with this. Pm me if want to know more and I show you evidence. Avoid this company

  • sam mckenna

    This is just a big fraud site. They took over a 1000 from me and put holds for no reason what so ever and there zero fraud allegations against me and they just held my money took off the chat support and will not answer any emails i have sent. They will rob you blind and not answer your emails and just keep your money. This is the biggest scam site on the net. I am seeking legal advice about suing them and hopefully a they will get closed down and put in a jail. I cannot believe how they get away with this and rob their customers blind and have zero accountability. We need to start suing stripe and dragging them into as many differant courts as we can and do not let them escape the harsh justice they deserve. IF YOU ARE THINKING ABOUT USING THEM DO NOT I REPEAT DO NOT THEY WILL ROB YOU AND RUIN YOUR BUSINESS WITHOUT HESITATION OR CAUSE.

    • Rhonda

      I agree, I have sent then signed contract of every order processes and they are still cancelling my account and say they are going to refund my customers..but have yet to do so. We all need to get together and do a class action suit and call the FBI.

  • E. Beck

    I wish I had read reviews prior to using Stripe and now I have lost money because they basically stole funds from me. I added it through Squarespace.come so I thought Stripe was a trusted resource. WRONG. They refuse to transfer money into my account after a payment transaction was made from a purchaser. They kept telling me it was the banks fault. Well I sat down with a few managers from my bank, went over their information and showed them the inner workings of Stripe, and there shouldn’t have been any reason why the transfers didn’t work. Stripe keeps charging me fees, and their customer services is a joke. They have no phone and only an unresponsive email. I tried refunding the money back to my clients, but then they charge me another fee and the refunds still gets kicked back into the Stripe system. Absolutely fraudulent, and they hold money that does not belong to them while making excuses. This is a highly unethical behavior and dangerous for small business.

  • Jay

    One of the worse payment gateway specially build to support scammer. Stripe never close any charge dispute in sellers favour doesn’t matter how strong proof you provide to them.

    Stripe don’t have monthly fees but this how stripe cheat to clients.

  • jay cotton

    stripe hold my 2400 GBP payment it says reported fraudulent. i told them to send me official letter for this report. i submited proof of delivery and ip log still they not release my payments. because now customer take services and doing claim for chargeback. all customer are doing such activity so we are not in fault

  • bridget beardsley

    We started using stripe a few months ago, and i am really disappointed with it. We have to wait a full 7 days from a payment, to process a payout, and then that payout can take 2/3 days. So all in all, we have to wait about 10 days for our funds. Paypal is instant!
    I know that Stripe is cheaper, but 10 days?

  • Nicholas Gabrichidze

    Basically seems like a scum.
    We are “Golden Lion” Bed and Breakfast in Bouillon, Belgium, with hundreds of positive reviews at booking.com and expedia.
    We added Stripe after completing our website with WIX and connecting to “WIX hotels”.
    After proceeding one minor amount to our account, Stripe blocked the 200 Euro which w received from the customer online at own account, with an absurd notion that they need to “investigate our business”. After complaint I received knee jerk reaction that they cant provide any time-frame when the funds will be released

    I have found that this is similar to the problem which many other clients have with their Payment Gateway.

    It is logical that financial institution is running a check on its clients, however it would be also logical to run this check BEFORE setting the account, and not after receiving money.
    Investigating the client after his funds have came in, without either refunding the person who has sent the money or sending funds to us, sounds like a plain fraud.

    No respect for other peoples money is shocking from financial company.

    Nicholas, Golden lion, Bouillon

  • W H Noles

    I have utilised ‘STRIPE’ due to the collection of credit card payments via ‘WAVE’ and it has been a debacle!!!

    For months now I have not been able to receive the thousands of dollars in credit card payment into my bank account! For the multiple emails sent between ‘STRIPE’, ‘WAVE’ and my bank the issue still has not been resolved!

    With no phone contact and the ability to talk to someone has been a bane; though for this company to hold onto my funds, earn interest and not make the payment has been exceedingly underhanded and purely unprofessional.

    There is no way in the world that I would recommend this organization to handle anyone’s finances!

    Look else where and be careful!!!

  • Bob

    Stay clear of stripe, they will hold your funds without reason they don’t answer their email, there’s no phone number to contact either. I think they are stealing peoples money, all my sales were legit there won’t ever be a chargeback

  • Kent

    I keep getting an email notice that a large dollar amount is going to be charged to my Stripe account and yet I have no account. This has happened numerous times, total fraud/scam.

  • Maria Munoz

    Maria Munoz

    This company has taken my business as a joke i have an e mail saying that they can no longer do business with us giving me 5 days to run charges while we migrate into another merchant, now they withholding the money i charge these 2 weeks and keep changing the date i doubt they need the money but i sure do as a small startup business they are ramming my business into the ground by not releasing our money and playing with the date please direct me to someone that can help me get my money or the little they are going to give me back while they steal the rest… !!! ALERT DO NOT DO BUSINESS WITH THEM THEM THEY APPROVED YOUR COMPANY TO HOLD ON TO YOUR MONEY FOR NO APPARENT REASON WARNING!!!

  • Sam Thomas

    STRIPE is an overhyped company with no customer service. We had a legitimate customer charge that is processed on STRIPE and waiting transfer since Dec 20th, 2016. More than 5 months. STRIPE is neither allowing REFUND nor transfer money while siting on $2500 charged on the account. Hope there is a legal process to file a CLASS ACTION SUIT against STRIPE and make them responsible for this illegal act. They have no phone number and do not give any valid reason and just sitting on the money. Hope everyone acts quickly move out of STRIPE or choose an alternate payment gateway.

  • BigJL71

    I’ll stick with PayPal! I used stripe (unknowingly) because an online retailer used them. They took money from my card promptly but the retailer refunded over half my money due to missing items and I’m getting more than a little upset at the speed they are refunding my card(they haven’t yet, and it’s pissing me off more every minute!!! I won’t ever use them again and any retailer that does will not get business from me. Stripe Sucks!!!

  • Daniel Mollohan

    Same problem. Their phone varification does not send a code. Google sends me a code on my phone twice a day with no problem, but Stripe says I am doing something wrong. They can’t tell me what I am doing wrong , of course, but they wont release my money. It’s been 11 days and I need that money. Their email responses take forever, and they don’t have a phone number? I told them that if they want to verify my phone number they could call me , and their reply, “I wish it was that easy.” Well, it is that easy. Don’t do business with this company!!!

  • Jennifer

    They are the absolute worst. I was told that they were they new “Paypal” that is complete crap!! If there is a dispute and you have proof that the item has been delivered Paypal is there for you. Stripe allowed the bank pull money from my account after the customer was told by both me and USPS that their package was delivered and received by a person. Now I am out over $100 due to the inadequacy of Stripe protecting their sellers. I am trying to migrate asap towards Paypal. I hate stripe and I will be putting my words in dollars when I pull out of their ridiculous platform. Bottom line: Deal with Paypal– Stripe will allow shenanigans and fraud to run rampant and the seller is the one left with pulled funds.

    • MG

      Fraud incident: I submitted the order, the shipping info and the receipt of delivery……this is a complete racket and i hold stripe as the responsible party for this catastrophe as thats who i deal with…..i am out of a $400 purchase plus fees and we are just a small shop….completely devastating. Stripe labels their email as ‘we have some bad news’…..its devastating news……i will broadcast my opinion about this event…..i did my part and stripe failed…..and just points the finger at the criminal who initiated this purchase and their bank…. a catastrophic event has just occurred and even with detailed support it failed……i feel that stripe is involved with this fleecing. Total shock.

  • Mervette

    I had a business account with stripe and they suddenly closed my account without any reason. They held my $2000 amount and it has been over 3 months,i have been trying to contact them. They don’t have phone # and they have removed live chat as well. They only option is to email them and every time i email them, i get this reply:

    “Thanks for contacting Stripe!

    This is just a quick note to let you know we’ve received your message, and will
    respond as soon as we can.


    They are least bothered about replying to their customer especially when they close your account without any reason and keep your money.

    If you are a legit company, contact me at my email address [email protected] (my stripe account id) and tell me when then hell will you release my money back to me.


  • Sergey Shushunov

    I have to admit that as bad as paypal is, stripe is even worse. At least after digging around for 30 minutes paypal would give a phone number as allow to place a call to discuss a problem. No such luck with stripe. My problems were several back to back claims of unauthorized transactions after orders were shipped. It looks to me that stripe fraud prevention filters don’t work.
    I am switching now to regular credit card processing company. I can’t deal with this incompetence and greed, which is the only way to describe stripe.

  • Ronald Johnson

    I had a large payment posted to my e-commerce Stripe account go missing and trying to resolve this issue has been nothing short of a nightmare. Limited response with no sense urgency, lack of clarity and horrible response time.

  • Mary

    Stripe is probably one of the worst companies out there. They take 24hr or sometimes never respond back to emailes regarding issues from unsuccessful payments made by customers, I have lost about 6-10 customers since January because of failed payments. They are currently holding $2500 of my money because someone else used a fake card. I did all the work for the “customer” and I provided all the evidence to stripe but they yet are taking their sweet time. I was advised the investigation time is 2-3 months?! It’s absolutly ridiculous. I would give them a better review if the past 3 months haven’t been this horrible. I would also be writing a review if this public complaint would get an response because clearly my emails aren’t.

  • meghan

    HORRIBLE COMPANY! Business BEWARE! Almost every transaction was fraudulent and Stripe lost me over $1500!! They have ZERO Fraud Protection and there is no phone number for this company! I hope they get sued with a class action suit very soon!

  • Jay

    Beware and do not use stripe. This company took money out if my bank account to wake up to see my balance was over $500.00 in the negative. For a small business owner like myself is devastating and didn’t even get a chance too contest the disputed charge they just automatically gave my customers money back and now they sat it could take up too 60 days too reverse it and get my money back? No customer service or phone number for customer support they are slow replying back too your email. Had too drip these idiot’s and move on from using there services since any body can dispute a charge and the company that is supposed to be working for me sides up with the consumer and I have to fight to get my money back. I understand disputed charges but think that it’s wrong for the small business man having his money taken from him like Stripe did to me and have to jump through all the hoops too get it back. In my case my customer was happy and kind of did the dispute by mistake but that should have been investigated before Stripe turned my bank account upside down. Now I can’t deposit any money or take credit card transactions or order supplies and materials that I need for my business. Stripe has the most screwed up policies so I definitely do not recommend this company to manage your hard earned work money as I give them a half Star 1star would be to high of a rating. They have screwed me.

  • Tony

    Small Businesses beware !

    When there is a fraudulent charge against you, Stripe will do everything in their power not to PROTECT you and let you keep the hard earned money you make from a sale. Instead, they will take your money to repay the person who was a victim of fraud. Stripe does a very poor job at protecting their own clients from purchases made form fake credit cards. I had to learn the hard way. I lost my hard earned money from fraudulent cards which Stripe refuses to take responsibility for. I changed to PayPal Payments Pro right away (and oh yes, the have been protecting me in the exact same scenarios Stripe has not) !

    This is the first review I’ve ever written, but I felt I needed to because of the way I was treated by Stripe customer support.

  • Sam

    Add me to the list of small business owners that took the risk of using Stripe even after reading all of the terrible reviews.

    I’ve been using them for 3 months now and nothing but headaches. False charges, charge-backs, holding funds, no customer support…

    It is really amazing that this company is able to function this way and continues to get investors.


    Yes, you are tempted to use them, the same way I was. They “seem legit” and integration is easy. But they will kill your business.

    Unless you are a giant company like Uber and have the ability to fight with them – do NOT use STRIPE!

    You have been warned!

    • georgia

      I have had problems with stripe from the very beginning, they have literally destroyed my business that took me 3 years to build. They have me in a very difficult situation now as no funds can be processed to me, all I got was a BS email saying the account was being closed, every single customer transaction which is not transferred is being reversed back to that customer, and the customer have their goods. I have had sleepless nights and had panic attacks over this as I now have no income to pay bills for my business. They do not care about any customer they care about the interest they get from holding payments and the fees they charge you. They do not reply. I should have new from day one when I noticed there was no contact number to call, that got alarm bells ringing.

      I am honestly at my wits end as to what I do next, I have no idea who to contact and have no form of contact with them as each reply is automated and response timeframe is 5-7 days ( that’s If I am lucky to get a response )

      I do not know how on earth this company has stayed open, I have been on near enough 42 forums so far with comments from people who were/are with them and have the same trouble, how are they still afloat, how are they allowed to do this? how are they allowed to ruin peoples businesses?

      Any help right now would be great as I am at an absolute loss, I honestly feel like calling a day on my business I have worked day and night on through blood sweat and tears.

  • Martina Light

    Don’t use stripe! I will never use stripe again. I used stripe over month ago to charge a credit card. I made a partial refund and I’m still waiting for my money!!! I made this charge over month ago and I still don’t have my money in my account. It says scheduling transfer…
    There is no phone number to call.
    I started using square instead and I have my money in my account in 2 days.

  • William Clink

    I purchased Trump Coins in December I still have not received the coins and I called Stripes and they said there was nothing they can do, I am not alone if you go to Facebook and look at the site Trump Coins you will see hundreds on there with same complaint. Stripes has to be involved! They told me they have no record but I have the bank receipts that have there name on it.

  • Jim

    My Stripe account all of a sudden is not allowing me to transfer the funds out of my stripe account. They have money that is charges from the week, cleared, well into the 5 figures. All I get is “cannot create transfer, send us an email” to which I did an hour ago with no response yet. They say, we’ll respond within 24 hours, or maybe even faster. This is going to be a domino effect of pains in my ass without that money, and I hadn’t noticed it until 4pm on a Friday. It may be worth while to pay additional fees to a bank to avoid this crap. I have yet to figure out what’s going on, but I’ll be really mad if I have to contact all of my customers to charge back their transactions and re-run them with a different service.

  • Hannah

    I had one sale that was normal and successful. They emailed me saying my business was high risk and I have too many disputes and refunded transactions. Which was a lie, I only had one successful sale. They said I had 5 days before they stop accepting payments. They changed their policy that they will hold reserves for 90 days. Then 3 days later they changed my reserve from $0 to the full amount that was supposed to transfer the next day, $12.31. That’s just really really really bad business practice: To change a policy after the fact. This company is awful and it makes me sick cause the owners are billionaires!

  • Carl

    I subcribe to stripe after anlo 4 days they told me i cant use their system cause a buyer have made a unautorize credit card payment . I cant because someone else ( a buyer ) use a autorize credit card .I v been punish because of some buyer made a fake credit card .What a bunch of company scrap this is im the seller and I cant use their payment system because of a stupid buyer .this is stupid its not my fault and im not responsable for the actions of someone else. This company is stupid . what a joke. Dont use their lame system cause youll see if someone make a unautorize payment you ll be ban like i was. HIGHLY NOT RECOMMENDED . I suggest using Paypal .

  • johnny

    STRIPE JUST Keeps changing the Transfer date Every day. from 1/30/17 to 2/1/17 to 2/2/17 has this happened to anyone else an have they got there money they won’t answer my emails i have customers waiting on produt it been 10 days now

  • CEO

    Nell from Stripe got in touch to say Stripe could not support our business (we sell advertising space!) and is unresponsive when I requested a refund. I believe they’re holding up funds to shore up their woeful operation aka Ponzi scheme!

    Word of advice for Stripe:

    If you are unintentionally delaying the refund, then you need to re-evaluate how you run your customer relations departments otherwise you will find nobody will trust you with their business and money.

  • Patrick

    They are scammer, they sell their service as payment gateway and even after using their shopping card plugins to do check for validity of purchaser any reported fraudulent transaction, they forced you to pay for them out from your own account. They the one checking it and approving it as valid previously. Avoid them at all cost. They will cause you nothing but grief and in the end lost of money and time.

  • Sylvia Catzen

    My experience with stripe

    the beginning.

    launched a company
    Went international
    Built an open payment gateway that had fraud protection
    the build

    we used both PayPal and stripe
    ​​​​​no charge back from PayPal. Fraud protect system works and was sufficient in acquired information to pass any inspection of transaction via ip.
    stripe.com listed all transactions as fraudulent based on EIN numbers. We were 100 % legit. They took over 3000 in prior sales, 1200 of which came directly out of someone’s social security funds. Then they complained to the authorities about harassment after stealing this former us marines money because it threw him into a ptsd episode.
    They tried to return 515 dollars of that man’s money, which was returned to back to stripe.com which immediately was immediately followed by his detaiNing
    That man spent 2 months in jail over harassment of his social security funds being garnished illegally as stripe.com was made aware of the situation.
    There is now a nocontact order between that man and stripe.com / ceo jon zeiger.

    they still have not returned his cash, nor followed up with proper research on the business transactions which were shown as legit.

    they even labeled donations from menial fundraisers from local friends as fraudulent.

    B È W A R E

    If you use this company, be prepared for being robbed, and them using the fbi, and local Authorities to cover up their own illegal activities.

    their game is simply to create a system that taxes the merchant literally out of business, by way of financing and product.

    we know this. Personally. Due to this experience our lives will never be the same. Thanks.

    we will be seeking damages.

      • Sylvia Catzen

        we found that the best option was to report to the BBB and to file with an attorney over damages and to cease all communication with stripe.com. we are still open to negotiating our terms with stripe over the funds that they wrongfully took through their predatory Bank practices. I hope this helps and finds you well


    STRIPE JUST Keeps changing the Transfer date @ 12am eastern time Every day. from 1/6/17 to 1/9/17 to 1/10/17 to 1/11/17 & I checked it 1 hour ago & guess what it says now… 1/12/2017. I spoke via Email to Whitney & Brendan they both said it would transfer 1/11/2017. THEY BOTH LIED!
    I am facebook messaging both of the CEOs Patrick & John Collison. I Sent DMs via Twitter, I mentioned them in tweets, I sent Emails via stripe.com. HOW ARE THEY STILL IN BUSINESS?! NEW BUSINESS is what keeps there ponzi scheme afloat I’m reporting them to my local news channel ABC 11 for investigation!

  • Dana Dunford

    Their support team is very unprofessional and does not respond to urgent issues in a timely manner. We had our customer’s payments held up for 9 days (yes, 9 days), and Stripe kept saying “we’ll send you an email to let you know what is going on.” I never received an email. They also do not provide phone support, and we literally had no way to have our matter addressed in a timely manner. Next time, I’d look into Braintree as another option.

  • Roger

    Still waiting on a pending direct deposit payment. It has been a week since payment has been held by Stripe. It appears to me Stripe is floating (holding) cash deposits as an intentional delay tactic for additional interest revenue. This is only company I know that floats EFT between banks for 5-7 days.

  • Daniel Larranaga

    the worse company ever its the biggest scam ever i dont know how they could still be in business they do whatever they want with your money take from your account with no explanation freeze your money for months on end and not even tell you why

  • Luciano

    Stay Way they are just like PayPal or Worst. You better stick to Australian Banks or a Australian Gateway Payment company based in Australia Stripe is a US company who has offices in Sydney they do have a ABN number in Australia and you can however file a case on the Financial Ombudsman Services against them just like you do against PayPal if they freeze your funds illegally. 4 Stars ???????? lol Can’t really trust on a company who has absolutely no customer service at all not even a phone number. I can’t believe how stupid I was when I decide to use this company on my website.They will freeze your funds just like PayPal for no concrete reason illegally and in a predatory way. Our company was just 3 months old and we were doing good sales as Parallel importers out no where and against their terms we were forced to provided authorization for selling the goods we are selling. Now I ask when do Stripe has any authority to ask us to do that ? There’s nothing in their terms and I did check that because moving from PayPal this was my main issue. Perhaps they don’t know the Australian Government policy was developed to allow parallel importation, so brands could not get away with huge price discrepancies between markets, and therefore consumers could enjoy prices comparable with overseas markets.Is completely unacceptable when they are not the trademark owner and when we have a clear disclaimer in place saying we are no authorize and we follow the ACCC guidelines of Parallel importation providing all warranty and support ourselves. We are in the process of closing our account and I am alerting anyone who uses this company to move way as quickly as possible.

    • SHAKTI

      Oh i am so glad to read this Luciano in that I have lost funds to the ether in a two transactions between WAVE and STRIPE this week and neither party will help me fix it – it goes round and round in circles. I am literally at my desk on a thursday after wasting all week trying to get this matter resolved and in tears – I can’t afford to not receive this invoice payment and I am so upset that I have signed up for this service on my new website also. Stay away from WAVE also – no customer support of any value basically they are all completely incompetent. reading these reviews I can’t believe that no one else has warned me of this disgusting behaviour of this payment gateway frauds before. I have never had a problem with PayPal but as this is a NGO we have to use Stripe or a local Australian banks gateway which has more fees, but will be more secure so I am going to suck it up and shift to Westpacs merchant system. I pray filing the complaint and disputing the payments at payer end will resolve this.

      Thanks to everyone that has posted here and I am so saddened to read the earlier review about the ex serviceman it is deplorable. how can humans be so unkind to each other.

  • Sheila

    Terrible company! They have been holding my money for 3 months now. Now they are telling me that another customer had a dispute. I don’t believe them at all. I know that no one is going to wait 3 months after they purchased something and then dispute a charge. People get statements monthly. If someone had had a problem, they would have done something before now. Besides, I know that NO ONE disputed anything. Why can’t all of us take out a class action suit against Stripe? Why are they getting away with doing all of these things against so many of us! They are withholding OUR money.

    • StripeSucks

      We can tell you for a fact STRIPE SUCKS! They are the biggest con artists around! Do not trust Stripe under any circumstances. First regardless of what type of account you open (type of business) they will immediately tell you that you have to wait 7 days to get your money. Every single transaction you get you have to go into your Stripe account to make sure the billing credit card address is validated. Stripe Promotes Fraud! When you question Stripe to why they don’t validate credit card addresses you get every single excuse imaginable! The biggest fraud commited by buyers is non receipt of merchandise in which the merchant has to prove that they shipped it to the credit card address. Stripe purposely doesnt implement this because they want to charge you $15 for the chargeback fee and catch you sleeping if you dont check the account to make sure the address is a valid credit card address. IMPORTANTLY : Stripe will make any excuse possible for closing your account making another excuse saying your to high risk. Do not plan on opening a Stripe account if you plan on selling electronics, computer items or anything that is considered high risk goods, they will shut you down immediately. They will send out a BS email saying 10 seconds after a customer completed a transaction from you, that every single customer called them saying they didnt authorize the transaction. That is 100% BS lie, the buyer doesnt know you process through stripe nor would they immediately call Stripe to make that complain. They want to put the blame on someone else for closing your account. Every time you try to contact them, you get a worthless excuse every single time. Do not trust them, trust us!

    • StripeSucks

      And we also have to state for sellers who had their stripe account locked, Stripe will deliberately remove the refund button on any purchases they place on hold. They do this so that you the merchant would incure a chargeback for non receipt of merchandise. They will say the money is going to be desposited into your account in 7 days, then when 2 days are left, they will immediately change it back to 7 every single time. Remember if any merchant company doesnt place the money into your physical possession you have no legal obligation to ship anything out. If there is a chargeback its clear the merchant processing company did not deposit the funds into your account and is illegally holding funds. Regardless of what a merchant processing company says, if your not legally paid for something you have no legal obligations to do anyting, sue the merchant processing company if you encure a chargeback when they dont deposit the funds into your account and in the reply state numeorus times for your processing company to provide documented proof they deposited the funds into the bank account you specified.


    They are bloody fraud and cheaters. I will definitely take them to court and make sure that they never be able to cheat anyone. They will raise false dispute and when as a company you ask them that show the copy of dispute they will never represent the same. Its a merely false company and you can also check why I am saying that by visiting their facebook page, over their they have disable the message functionality. I request you guys if you love your money then don’t trust this payment gateway. The one who is already cheated please mail me your scenario to make the case more stronger. My email id is [REDACTED – personal contact information].

    • Phil Collins

      Worst service faced ever. They do not have a contact number and they just copy paste the email whatever your issue is. DO NOT go with it for any reason what so ever…Go with payment gateways who have a phone service

  • AP

    This company does not want to speak to any of its customers they do not have a phone number to call! My customer had to email mail them about a charge dispute he never claimed, I ended up losing my customer.

  • Name Not Important

    Do not currently have, never have had nor do I own a small business yet I get multiple daily emails congratulating me on a deposit and then threatening me that my account will be suspended if I don’t confirm my email address. I continuously send the emails to junk mail, why would I confirm my email if I don’t have an account? Sounds like a scam to me.

  • Criss

    Oh well, their customer service improved. They reply to your emails… but to set up Stripe you need to be an engineer. I haven’t started making money with my business yet, but reading these comments doesn’t really make me feel comfy.

  • Fahim

    Wait until you are hit with a chargeback. Stripe does nothing to defend you and they simply give your money away to credit card company for a product that was purchased by real customer and was delivered by UPS with tracking number and proof of delivery. All of which including customer communication via email was provided as proof to Stripe but they came back and said we have bad news, the dispute did not end in your favour. That is all….
    So as a merchant i lost hundreds of Dollars for this order that was shipped and and this scumbag just tried to see if he can get his money back and sure enough he did because i use Stripe.
    Stay away, can you imagine losing hundreds or even thousands of Dollars?
    I was burnt and this was the first chargeback experience i had and i simply lost it because Stripe didn’t do anything about it.
    Stay away from Stripe, the will not protect your money!!!!!!!!!!!!!!!! simple.

  • S Karim

    Our company has been with Stripe for a little longer than a year, and for the most part everything was smooth. Recently they ‘misplaced’ a transfer, and our company funds were never successfully deposited in our account. I first contacted the bank, then gave it a few days grace and contacted Stripe. They responded within 24 hours to tell me that the transfer was successful to to please give it a few more days. I did so (including a day longer than recommended), and contacted them again. They sent me back a similarly worded response about the transfer being successful, with no real recourse but to tell me that they understand my frustration.

    It’s been nearly a week since the transfer should have happened, and more than 10 days since Stripe initially received the money from our customer. They have offered no real solution, so I’ve been forced to take action against them.

    We are also actively recruiting another processing company. It’s a bit sad that this company got support from Paypal, which has a much more solid reputation in terms of due diligence and resolutions. Stripe appears cavalier about its reputation and ability to perform its advertised services in a timely and effective manner.

    At this point I’m not sure if we’ll ever receive the money from Stripe, and I’ve taken steps to try and recoup the loss. This is a disgusting way to do business, and a great way to go OUT of business. I wouldn’t recommend this company to anyone.

  • DarrenB

    WITHOLD FUNDS STRIPE ** Touch these at your peril. Do everything and everything to withold funds. ABSOLUTELY NO CONTACT PRICEDURE. Ask yourself this, would you want a company to have your hard earned money who do not even have a customer service number? Told me my payment would be kept for 90 days. I had to refund the client and get them to pay again through a proper merchant. You simply cannot contact them other than lengthy time wise emails. Simple, pick abother company.

  • Pete

    I have had more chargebacks using Stripe in the past 6 months than I have in the past 6 years using other payment gateways. Stripe are just not very good at protecting you from fraudulent transactions; the options you have as a seller to protect yourself from fraud are very limited (for example, they do not support 3D secure). Their fraud screening is very patchy – sometimes allowing obviously fraudulent transactions to go through, even though they have blocked many similar transactions.

    To make matters worse, Stripe do not fight on your behalf when it comes to chargebacks. I just do not feel that Stripe are “on my side”.

    Fraud protection is not a high priority for stripe. Indeed, chargebacks would seem highly profitable for them, with Stripe charging a substantial fee to cover the cost of processing each dispute.

    My advice would be to stay away from Stripe.

  • Domo

    So I am a cam model starting up my own monthly subscription website selling my pictures, calendars, and social media sites. I have been using PayPal so far but resently they shut my account down do to “PayPal may not be used to send or receive
    payments for certain sexually oriented materials or services or for items
    that could be considered obscene.” Holding all of my funds. I was devistated because I still had to send out the products. Yes my material is definitely R Rated. What would be the best processor to use that will not care what I am selling. I’ve looked at KERPAY which states it can be used for any personal or business purpose. But they are back ended with STIPE and seems to be a new company with little to no reviews. Reading all of STRIPE reviews of people getting there funds with held definitely discouraging me from using them. And since BRAINTREE is back by PayPal another red flag for me. Is there any other good subscription based pay portals that are more lenient on so called “obscene material”? I have been having to keep up with all of the book keeping and payments myself manually and as my following grows it is getting a bit out of my control. I want a modem that will automatically deduct these monthly payments. Preferably without having to set up an account or profile. Please help me

    • Justin Hale

      Snapchat has a way to send money I believe, so does Facebook. Not sure who the processors are for either tho. How people get around the “adult” restriction on paypal is they get creative in the descriptions of the items they sell and don’t associate anything adult with it, like a website url in the invoice that is adult. PayPal reviews all invoices and transactions, so that’s how they found out what you were up to. You can find plenty of processors that will give you a keypad terminal so you can do phone processing, where the terminal dials up every time, or even uses your home internet connection. Why not just do that? They don’t usually care what you are selling as long as it’s not illegal. Psychics use them all the time that aren’t on those big psychic lines with 100’s ready to take your call.

  • Angie Richards

    Having successfully run business via three stripe accounts I am now locked out of all of them. I complete the photo puzzle every time and put in the correct access details but its always wrong. Customer service do not call. The emails are standard replies telling me to login first, which I cant. Then send me a new link to change my pw which expires in minutes. What is going on?

    • Thomas Allen

      I thought I was the only one… I too am locked out. My username and password has now been changed or locked. I cannot get in either. Their reset password does not even work and sends me no emails to reset my password.

  • Kim

    Fees are acceptible but not when it comes to chargebacks. $15 for a chargeback fee is exorbitant and i doubt Stripe needs to do much to submit the evidence that we users provide. I’m almost convinced it is their way of squeezing more money from merchants who are unfortunate enough to end up in a dispute.

    Also, If the billing and shipping address of an order matches and all other checks pass, i don’t see why you should let the bank declare it as fraudulent. I submitted full proof evidence for the order but I still lost the case. If you are going to charge $15 for disputes, Stripe had better make sure that merchants are protected too.

    • Stripe Sucks

      Stripe will do anything and everything to steal people’s money. Whether your a merchant or a buyer. Chargeback fees are common and regardless of who you deal with your going to get hit with chargeback fees from everyone regardless. The fact Stripe does nothing but make excuses and lies so they can justify stealing every cent they can from you. In fact Stripe has their system set up so that you’d purposely loose any chargeback for non receipt of merchandise. You hear every single lying excuse from them. Reality is that Stripe purposely designed their so called verification system as a scam. They will pass a credit card if the billing address doesnt match, and will allow the zip code and csv to pass. The fact that if any buyer disputes a transaction for non receipt of merchandise, the seller has to prove they sent it to the buyer’s credit card’s physical address. So why would a credit card processing company deliberately make a system that will allow a card to go through if the billing address fails verification, but at the same time they have it in the system to only block a payment if the csv and/or zip code doesnt match. The reason is chargeback fees. We questioned them 7 different times and each time we got nothing but lying pathetic excuse as an answer to why they will allow this type of chargebacks to occur if they do. Do not trust this company at all costs. Everything we have said about this company is true and its documented.

  • Hector Correa

    Stripe is virtually dependent on WellsFargo and are doing false advertising, bait and switch to catch all as possible small and mid size business in quantity, after few transactions, months or a year they discard several business using some excuses based on TOS even if past records are good ones.

    They allow all prohibited business from big players and promote them, they try to find how to catch all business as possible and then they discard mid size and small accounts out when they like under the Terms of Service (TOS) excuses.

    Most of the business are in the list of ¨prohibited business¨ TaskRabbit.com (Computer repairs and other banned services), Lift.com (travel services), BestBuy.com (Computer repairs and branded products using sellers in their marketplace) sells products that are in the prohibited business list but was supported by stripe.

    We sell over $ 1 million at stripe with good records but our growth was quickly from $20K a month to $200K a month in 1 year, we sell overseas and our chargback ratio is well belo 1%

    They reviewed our account for the increased volume and without any instance of proofing they conclude that we are doing ¨prohibited business¨ selling branded products. Even after we sent several emails with proff of purchase and agreements that proof we sell only original items they continue with same answer, finally they change and say ok but you are doing ¨Drop shipping¨ that is also false as we buy receive in our warehouse the products and then sell to final customers. Anything (excuses) where used to keep us out. Real reson is under investigation by us to sue them we find as a possible reason one or more of the following:
    1. simply discrimination.
    2. pressure from one brand that works with Stripe or WellsFargo and don´t like that brand in our eCommerce site.
    3. Avoiding a business that are selling cross border and maybe is non-proffitable for Stripe based on the fixed fee of 2.9% most cross border transactions are non-proffitable for Stripe.

    However with a large customer base on board attracted with easy application process Stripe can select what they want to continue serving and what they want to keep out. Hurting business and industry.

    Application on Stripe is easy even working with them for months or even years, but from time to time Stripe reduce their customer base based on unclear parameters, may be under covering other reasons (risks, customer support, pressure from other bigger stripe customers).

    Most of the time Stripe will send an email with a robot paragraph like this:

    It does seem that your business is in violation of our Terms of Service, section B.5 (“Prohibited Businesses”). Specifically, we are unable to accept payments for brand name goods resold without permission as mentioned here.

    That’s it, hope this will change but Stripe is now under pressure of Wells Fargo and Big brands that means not longer support start up business.

    The Monopoly of Credit Cards is a nightmare that need to be addressed by legal departments to avoid abuses in Fees, Business innovation and other important things for developing new business.

    In middle time companies like Stripe that started as a good intention company to support innovative business will fall in the bureaucracy and rules of Establishment and finally will do the same of any other big credit card processor in industry (protect big fishes from small ones).

    Good luck to Stripe customers and Stripe founders that works now like employees of Wells Fargo.

  • Atlas

    Just an update, Stripe will make you go through every single BS for verification and then give you a BS response to keep your account closed. They will make you do 2 charges to your account to validate who you are and then give you their general BS to close the account, like they did with others saying that your too high risk. That’s a load of BS because we have had a stripe account using it once in a while for 1 year and about 50 transactions without a single dispute. They make you go through all this time wasting, just to get more information so they can use it against you with collections or whatsover.

    Anyone ever using stripe that they haven’t deposited funds into your bank account, remember your not legally paid for any products unless the funds are in your bank account. If you get a chargeback and stripe hasnt put the money in your bank account, you demand stripe to provide documentation they placed the funds into your bank account to make the transaction legal, or else you are not legally entitled to do anything. File a dispute with the Attorney Generals Office and the FTC against stripe.

    • Atlas

      First and foremost let me add additional information regarding these scumbags at Stripe.com and the games they play. Put simply Stripe.com steals money from any source they can get their hands on. (1) they will approve you for an account. (2) then they will send you an email saying basically “sorry your high risk so now your going to 7 day hold (3) get a few transactions and then they send you another lying email saying “oh sorry your account is now closed because the people that just purchased an from you 10 seconds ago just contacted us and said they never authorized the transaction (4) you’ll go into your account and see the funds date – on the date of the funds are so called to be transfered into your bank account, they move the date up a day, then next day they do the same thing (5) when you had enough of Stripe’s BS, they purposely disable the refund button so you cant even send the money back to the customer because stripe steals everything.

      Remember your under no legal obligation to send any products out until your legally paid for it. If you get a chargeback because of stripes bs, reply back to the chargeback making a statement of proof that Stripe actually placed the funds into your bank account to legalize the sale, state that Stripe was the one that was the reason the chargeback was initiated, and the fact you tried to refund the buyer, but striped blocked you. File a law suit against Stripe.com. Because this is exactly what happens. They hide behind an email system playing stupid on purpose, you contact them via phone, you just get a recording.

  • Atlas

    STRIPE IS WORSE THAN PAYPAL. They love to send out automated messages that are outright lies. They make BS claims saying the customer that just bought the product not even 30 seconds ago didnt authorize the transaction and they closed the account. This is total BS because we had 2 charges for $10 and one for $1 for a test charge to see if the site was working fine. With in an hour of opening the account, after completing their BS verification, tax id and SSN, they gave me this bull crap letter saying :

    Our systems recently identified charges that appear to be unauthorized by the cardholder, meaning that the owner of the credit or debit card did not consent to these payments. This unfortunately means that we will no longer be able to accept payments for (OmIted)

    We’re sorry that we won’t be able to offer you service going forward, but our restrictions here are firm. If you believe that we’ve .

    This is just an excuse to close your account, after they give you BS they make you charge several things to your card and then reverse them. Not only do you have to wait 7 plus days to get your money, they love to give you the run around to promote charge backs. DO yourself a favor, stay away from these theives.

  • My Uncle Mac

    I am a Certified Apple Repairs Engineer who is now independent and been running my own business buying and selling computers and all repairs. I had started to use a invoice system that used stripe and had one customer who had bought many products worth nearly £9000.Once the customer paid for the goods stripe had taken a very long time to process the payments saying its there “security checks” 14 days to be exact .. After 2 months from payment, purchases from the customer came back as fraudulent and i received alerts saying fraudulent cards have been used. Well it gives you a chance to give them the purchase and delivery info. Well i gave them all the details and address and tracking numbers that the products had been sent to with all tracking details, to say the product has been sent and recieved. After all the detailed info i gave it has come back unsuccessful and to say it had sided with the customer.. and fraudulent.and saying i owe £9000!! So many questions have been risen and one is why on earth do they say they are doing security checks in the 14 day period!!! why have they not seen the card address is the same as the delivery address?so all that time its just sat in there bank what for ? … . For all i know they could be lying about the fraud and just trying to charge back the money. Why would they not try and fight for the seller who has sent thousands of pounds of goods?? Or get the customers bank to get in touch for further investigation? They come across very dishonest and unprofessional. Very poor service and appears to be a major scam .

  • Jerome Baumann

    Stripe canceled their service just after 4 sales, saying that someone used a card without the consent of the owner.

    I received just an email from their “support”.
    The email was so short and badly phrased that I thought it was a phishing.

    They directed me to paymentcloudinc, because they stated my business was a risk business.

    I sell normal products to normal people, no porno, nothing weird…

    Now they flagged me as risky business, for that issue where noone lost any money because I refunded the customer before sending the goods.
    So as a result the other processors refuse to work with me, like Braintree, without any further inquiry, because Stripe flagged me.

    So NO BIG TIME NO, I don’t recommend you to use Stripe EVER!
    I wrote a review on BBBusiness.com, and Stripe answered a very appalling answer : saying that by their term of use : they have the right to stop a service whenever they want, they have the right to stop the money transfer for whatever reason they want, you are not covered anyhow in case of fraud, and so on.

    So yes, working with Stripe is at your own risks, and they will be high.

  • shambo

    I have been using Stripe for my online Shopify site. Two weeks ago, Shopify stopped paying out the money my customers were giving them. They gave no notice – and no explanation. Two weeks of constant online chats and emails provided no answers. Shopify said it was Stripes fault. Stripe said it was Shopify. After initiating legal action to get back the $52000 from Shopify, they suddenly ‘found’ the 52K. Apparently Stripe had frozen my account for ‘review’ without informing me and without admitting they had done so. We had done nothing wrong. This sort of action could break a small business (and nearly did.) Basically they will keep your money and deny they have it.

    • Georgia

      They just did this with me today and looks like they have broke my business. I have cried non stop i could be sick my business was perfevt for 3 years untill i wen with stripe. No email no nothing they will not transfermy money but instead have reserved £23k for 3 months

  • Jerome

    Stripe is the worst service I ever experienced.
    I sell normal items on shopify.
    After just 5 commands, they sent me a 2 lines email saying they stop their service because someone used a card without the consent of the owner…
    No more information and nothing on my dashboard no neither.
    They send me to paymentcloudinc which is an affiliated, unknown, gateway payment for risky business, which is not my case.
    But it is surely a clever scheme to make me pay sky high rates for a service I don’t need.
    Stripe are bad and unprofessional, they never answer to my questions about this issue.
    It is like the support service is just an empty shell with very few people sending automated emails.
    Lame, all the way.

  • Jamal

    Terrible customer service. Stay away from these scammers. What a terrible experience with Stripe. I had a large transaction for used computers. Stripe reached out to me to ask for invoice. I sent the invoice and a credit card authorization that my client gave me.

    I got an email from them “While we hate to give you anything less than a great experience, it does seem that your business is in violation of our Terms of Service, section B.5 (“Prohibited Businesses”). Specifically, we are unable to accept payments for brand name goods resold without permission as mentioned here. .

    I read the section they are referring to, and there is nothing to indicate that I am in violation. I sell used computers all the time via EBay and Amazon and I never had a problem. They gave me a bull excuse that it is not their fault but the banks “These regulations come from our banking partners, so we sadly have no flexibility with them.” I guess Amazon and EBay are not following these so called banking regulations (sarcasm).

    Now they are telling me they are holding the funds for 90 days. This is large sum and they are putting me out of business.

    I can’t get a hold of them as they don’t have a phone number and I emailed three times, nothing.

    I want to sue these guys.

    • nesrin

      did you ever get your money?!?!? I need to know because I am considering refunding 50 orders back because stripe keep delaying the transfer to my bank account and now they are not responding to my emails?!!

  • Christina Spencer

    I moved to Stripe around 2 years ago and am very happy with them and now have 2 accounts for different business streams. We are in the UK and almost all our sales are software and other immediate delivery digital product. We get our money exactly one week after the sale happens and have never experienced any issues with funds being withheld.

    The service IS a bit technical and is aimed towards developers – it can be quick to set up but it is important that you understand the requirements and the processes of taking a payment through to receiving your money.

    I was previously with WorldPay and I find Stripe a lot better – transparent charging and no annual fees (has saved me a lot of money) and an API that I have used to set up processes so I can transfer all transactions to my accounts program – that has not been a trivial task overall but saves hours of clerical work down the line.

  • lifeWurx, LLC

    Stay away from this company. They approved our account and we let it sit for over a week before using it for the first time. They promptly seized our money and said our website did not meet their requirements. Never told us WHY it did not meet their requirements. They demanded to see an invoice of the transaction. We provided an invoice and they sent us the same form letter demanding to see an invoice… as if they never looked at the one we sent. They DEMAND that we have a phone number and take calls from OUR customers yet they do not do it themselves… shady, shaky, FRAUD!!! For almost a week there was nothing wrong with our website until we stepped into their mouse trap.

  • Alfie

    I started a new business selling women’s clothing for the summer.
    For the first few days I didn’t make any money until I started advertising on Facebook .. Then the money started coming in.
    I made around £5000 in sales in just under two weeks but then I received an email from stripe saying they won’t be able to accept payments on my behalf anymore.
    Then a day later they said my business model was RISKY and they will be holding ALL FUNDS for 90 days!!!!
    I emailed them asking why and they said its to prevent excessive charge backs ….
    I haven’t received one charge back .. So they are lying.
    What is so risky about selling women’s clothing online…. They are obviously holding my money in their account and making money/ using it to fund their business!
    The worst part is that I don’t have any money to send items off to my customers!
    So now they are basically forcing me to kill off my business by refunding all of my customers!

    I have not even received a penny from stripe yet!
    How do they expect me to ship items to customers,
    Pay suppliers and pay for my advertising and website costs when they are holding ALL my funds!!!

    I’m trying to find a number to call or an office address in London so I can actually talk with one of their employees face to face as they rarely reply to any of my emails and usually after 2-3 days…
    Why are they so afraid to talk over the phone…
    It’s like they know what they are doing is wrong bevause they don’t have anyone shouting at them over the phone they ain’t bothered!

    They have literally killed my new business within two weeks.

    Scumbags and cowards.

    • Denise

      They are the worst ever. They said one of my customers claimed he did not authorize the payment. He found the item cheaper, but I had already shipped the item so could not refund. They told me they could not deal with me from this point forward and would be refunding all my money they have to customers. These customers have already received their items. They said to work it out with them-meaning the customers. Today they say they can’t give me my money because they cannot take my business. This was money already earned. Items shipped. 7 days BEFORE they decided to shut me down.

  • Bita

    Absolutely horrible this is the second time this is happening with me with this company I’ve accepted to orders and communicated with Buyers online shipped both orders I change tracking number both orders arrive both buyers open dispute stating they didn’t authorize the charge and stripe gave them their money back this company is absolutely unreliable I will not use them this would have never ever happened with PayPal extremely unreliable company save your money don’t use the

  • Ariana

    Unethical company, will refund payments without proper reasoning the support is useless. I wouldn’t recommend them for a business. Still haven’t received my transfer as well (the money I made). Will be closing my account with them soon.

  • Crystyn Brown

    Please do not use this app!!! I signed up for a month to month account and sent an email to figure out how to to use the account. They then charged me the yearly amount without my consent and there is no number to call.

  • Mark

    I can’t stand these people. They hold transactions for no reason and never even contact you about it. Their set up is easy, which is how they rope you into their scam, then they won’t release your money. And since there is no telephone support, you can’t even argue about it with anyone. They will email you back at their own convenience without any kind of commitment to action. Totally nebulous and shady.

  • Yovette Drake

    Stripe has held my money for over 1 month even though I’ve signed up for daily distributions. My contact form has gone unanswered for more than 48 hours and there is no way to contact them by phone. Very concerning.

  • Jennifer

    I opted for the Stripe payment option while using the Gogetfunding site – its a fundraising page which accepts donations. Unexpectedly the fundraising project cancelled and so I had to manually refund the donations noticing a really high admin cost going to Striipe. Additionally, they arranged a DD to my personal account which I never authorised.

    Pure headache

  • Dillon Slaten

    i have been getting buyers on my web, when i signed up with stripe i mistakenly left out a letter in the email address. they will not help me what so ever absolutely disgraceful customer service still cant get in to receive my funds for my hard work. plus they have no interest in helping people for one they dont want to talk person to person so you can better explain your self for an honest mistake.

  • Joseph

    Worst agreement I ever signed – We lose over $500/month – yes a month – from chargebacks for any reason that Stripe hand over your money to any bank in the whole world without protecting you 1%

    I looked for a review after I have been with them for over 2 years – to help someone looking avoid their business and save his money. You may ask yourself so why we still do business with them – the answer is cause they hold our clients data and we can’t take them back and also can’t force clients to re-enter their credit cards again.

    You will lose every dispute no matter for what reason no matter for how much.

    !!!!!!!!!!!!!!!!!!STRIPE SUCKS!!!!!!!!!!!!!!!!!!!!!

  • L Mitchell

    I stumbled across this page because I too have been greatly scammed by stripe over the past year in a half with not one but 2 of my businesses.
    After reading nearly every single comment on this thread I am totally disgusted and feel compelled to tell my story in hopes of preventing others from experiencing the same tragedy. I opened up my first online store with “Shopify” in March of 2015 and set up a Stripe account being that it was their default payment processing system. This was also encouraged by Shopify as the only way to avoid “transaction fees”. What a way to lure people in. Straight away in the beginning I get a sale of $300 of which charged back on me nearly 2 months post me shipping the products to the customer. Right away something felt fishy and I had this overwhelming feeling that Stripe and Shopify are partners in deliberately placing orders through random shops with the intent of collecting the money from the chargeback. Basically they are the ones placing orders themselves and lying about the entire situation to steal money from merchants. It makes no sense to me that I would get an order that high right away so soon especially when my products only range between $25-$35. Who buys that many of the same product from a new company they know very little about? Anyhow I was informed by a Shopify representative that their payment gateway was ran by a 3rd party company of which they had no information on and would not be able to put me in contact with. They claimed their automated system was the only mediator in dealing with this 3rd party company (Stripe). I was told I would have to wait up to 90 days to receive a response from their chargeback team as to whether or not I lost or won this dispute. So I submitted the requested verification that the order was in fact delivered to the customer through their automated system, and in the meantime I would be charged up front the $300+ plus a $15 chargeback fee which would automatically be debuted from my bank account. I tried negotiating with them to see if I could pay this amount in payments rather than them just taking it all so unexpectedly but they refused. So I immediately deactivated Shopify payments powered by Stripe and set up my PayPal account to continue accepting payments for the time being otherwise they would be confiscating every single payment for all future orders until they received the $300+. Mind you I’m a NEW business still at this point so there was no way I was going to allow them to garnish my future payments AND get away with my product. Anyhow, they inform me 90 days later that I lost the dispute and owed $300+. I completely ignored it reopened a brand new account and continued to accept payments and grow my business through Shopify payments (Stripe) and PayPal. A year later they end up closing down my new site and demanding that I pay off the balance from the previous account before they would reopen my store which was understandable as I did owe them money technically. So I then paid off the balance since at this point $300 wasn’t really too big of an issue. My store was reopened the next day and I received an email stating I STILLL would not be able to use Shopify Payments (Stripe) although I paid off the balance. I felt powerless and decided to just accept this L. I then open a 2nd store of which 6 months later they end up banning me from using Shopify Payments (Stripe) again with the claims of my products being too “risky” mind you I only sell SUNGLASSES and other FASHION ACCESSORIES like necklaces, hats, keychains, etc. -_- So at this point they end up holding my existing payouts/deposits preventing me from being able to operate my business, and then closing the Stripe account. The thing I am most upset about is that they completely lied about their reasoning for closing the account, but I am glad because now I can take legal action against them for not only the inconvenience but the false claims. The only downside to this is I am limited to using just PayPal for the time being until I can find a legitimate payment processor that’s not on such BS. It’s such a huge inconvenience because now I will be subject to paying transaction fees of 2.9% + like .30 more cents on both stores for every single transaction no matter what 3rd party gateway I switch to. I thinks it’s really sad and disgusting that they choose to take advantage of genuine people this way, but keep your head up people and remember God doesn’t like ugly. What goes around comes back around 10 times worse and large companies or people behind the scenes are not exempt from this universal law. It’s only a matter of time before people stop supporting their platform and they go bankrupt. Then they will have a taste of their own medicine. After the extensive research I’ve done on other situations as such with Stripe, I think it would be best to set up a merchant account with PayPal or your regular bank. I hear Well’s Fargo is a good option as well.

  • Mitch

    I have read through many of the reviews posted and there seems to be a repeated theme with everyone, and now I add myself to the list. I opened up with Stripe and after several days, I get an email that I had several charges that were unauthorized and they were shutting me down. I explained that they were not unauthorized, they were two charges that I put through on my own personal credit cards for $1. each just to verify that the system was working. How ridiculous. Once I proved that they were my charges, they said they’d review the account, but followed up with another email stating that I would remain inoperable because the type of business was questionable and violated their bylaws with the banks. Through all of this I processed one charge, substantial, several thousand, and like many of you, the sale was on May 16 and it was scheduled for transfer Monday May 23. Then suddenly, the date changed on Sunday night to Tuesday May 24 Transfer, then of course on Monday night it changed to Wednesday, May 25, and a few hours ago, I checked and it’s now Thursday May 26. I get so frustrated that there are no phones, and I’ve emailed daily inquiring about my money transfer, of course to no avail. Hearing some of the other stories, I can’t say I’m encouraged that I will see it too soon, but it’s nearly $5K and of course I have to provide services to the client, and lay out for his purchase. Good luck to all of you. Truthfully, if this is the way Stripe conducts business and treats their clients, we may be better off being shut off and going elsewhere.

  • John

    Worst company ever who doesn’t even have their act straight. Don’t even know how they can be in this business. No customer service at all. So I signed up for an account with them. Spent money having a gateway developed around stripe for my website. Was still in the testing phase with their sandbox and then tried it live with one test payment. It didn’t go through. So it didn’t work or so I thought. A few days later they closed my account saying I violated their TOS. I looked at their TOS and I didn’t violate anything, so I contacted them. They were quite rude, but after a few emails after asking them to explain, it was discovered that they think I was doing a prohibited business. My business doesn’t even do that and doesn’t even use stripe. They apparently looked at another one of my website, and saw something that was on there and indiscriminately closed the account without looking further. The TOS says that we wouldn’t USE Stripe to accept payments for any prohibited business. First, that site didn’t USE stripe at all which they didn’t check. Second, that site doesn’t even Sell the item, it was an affiliate link to the seller, who doesn’t even use Stripe. Because of that, they closed the account, and the other site I have using stripe can’t use it anymore. I’ve wasted money all for nothing. I guess this can be a blessing in disguise as I don’t have to lose much more when customers start buying things like others have. Because, if I have a balance and then they decide to close my account, I’d be in worse off shape. STAY CLEAR OF STRIPE. They will close your account for NO REASON and you don’t have any recourse. You can’t contact them and they won’t care what you say at all. Save yourself the trouble and find another company to work with.

  • Kevin P.

    After days of trying our technical development team gave up on Stripe. There were technical issues with Stripe simply losing customers and 2 straight days of calls into technical support, with no response at all.

    No response? Really? In today’s world – simply unacceptable. Other reviewers have said they feel like they have been scammed and I echo that.

  • Lee Plaister

    AWFUL, stay clear.

    We used them and they sent us a message saying they were closing our account because we were “offering a money-related service” – we clearly aren’t we use it to process invoice payments from clients for professional services (we are FCA and MOJ regulated).

    We went into detail on our business model to explain that we didn’t offer “a money-related service” and they closed the account anyway stating “your business presents too high of a risk for fraud and disputes” – what a joke….we processed over £20k of business and didn’t have a single dispute, clawback or incidence of fraud.

    Save yourselves the hassle and go somewhere professional such as Barclaycard.

  • Jo-Anna Silver-Sparta

    they are condescending & unprofessional. thinking that you have a product, but it will be successful without clients is typical of their attitude. you have to repeat everything 5 times, & then, listen to the boys insult you by saying you didn’t understand…when the download isn’t available or doesn’t work.no one ever takes care of biz right away, or apologize for lack of clarity or efficacity-what a mess & a collection of pretentious people. not worth it-look elsewhere! jo-anna [REDACTED – personal contact information].

  • scott dell

    POOR customer service. My first “successful” charge was $240 on 3/22/16. Since then, we have processed over $16,000. We have received $0. Repetitive support requests have gone unanswered even though they claim to respond within 24-48 hours. It has been OVER A WEEK with no response and no money. If someone knows of a reliable processor, please contact me at [REDACTED – personal contact information].

  • Sandra Falcon

    I have been running a business through Storeenvy for more than a year no, however storeenvy made some changes forcing sellers to use stripe as a form of payment processing all card payments I chose to go with it then about a couple weeks ago I received a very vague email from Stripe letting me know that due to charge backs they will be deducting $1700 from my bank account directly!!!! the email did not say what kind of charge backs what accounts or any type of information I struggled that weekend attempting to get a hold of Customer Service and they don’t have a number so I called my bank and stopped any payments going in or out from stripe and also cancelled my account with Stripe. Today 03/20/16 I received another email from stripe stating that a payment of $3,500 will be in my bank account by February 03, 2016 lol I am so lost we are in March is this a joke Horrible experience DO NOT USE STRIPE.

  • Ben

    I hate Stripe! The $15.00 fee for chargebacks is robbery. I have a $1.00 up-sell which sometimes means I have a customer who doesn’t recognize the charge and then calls their bank. This costs me the fee, plus $15 plus the $1.00

    Stripe = Scum

  • Gerry

    Very poor company. I had researched various commerce sites to host my new business and settled on Shopify. After reviewing the cost of the credit processing for my high risk business, I regretfully signed up for stripe since shopify does not put a 2% additional charge on stripe. Everything was going fine until I processed more than 10 orders in a day. That was where things became a nightmare. Stripe sent me an email stating that I needed to send them all my manufacturer’s approvals before they can continue processing again with them and stated their terms and conditions. So I sent them over 150 manufacturer’s letters that they requested. Next day I was sent an email that stated. Thank you for providing us the information we requested unfortunately since you did not send us what we required. We regret to inform you that we turned off your account and will be happy to point you to another processor.

  • Santok Singh

    They closed my account stating I have made fraudulent charges even though the customer was standing in front of me. Also, they are holding my $1820 since February 18th and now its March 8th. I have sent them several email with no response. The customer took the merchandise without paying us.

    What a horrible company it is. Does anyone know how to sue them?

    Your help is greatly appreciated.


  • Beth

    Something is fishy.

    I’d never even heard of this SCAM COMPANY until a few moments ago.

    They are trying to charge me nearly $1800.00 for something with NO EXPLANATION.


    Customer service? There is none. I have no idea who to approach about this.

    BAD. BAD. BAD.

    Are you with Stripe? Learn how to resolve this complaint.

  • x666666

    Stripe is horrible. One Month ago I mistyped the CVC of a manual payment, which was immediately rejected, therefore no chargeback. They shut down my account saying they identified charges which appear unauthorized and they will refund the payments of this week. No further informations.

    After patiently waiting a full month I was asking them last week when they plan to transfer the left funds on my account (showing as “Scheduling…”). No response at all.

    Actually holding $500 without notice, without reactions on emails sounds like stripe is FRAUD to me.

    Are you with Stripe? Learn how to resolve this complaint.

  • Evelyn

    Scam, scam , scam
    How can you say you provide fraud protection when you allow hackers to access my account, change the bank information 2 times and process stolen credit card transactions every 50 seconds with out notifying anyone or locking down the account. Now 15k worth of charges have been processed via my STRIPE account, 9K of which has been deposited to a strange bank in Texas and 5K still in the STRIPE account. I have tried to refund the 5K back to the card holders and STRIPE has blocked refunding on the account. Now I will be stuck with refunding the charges once they dispute the transitions at the cost of $15 each.

    This entire scenarios has me and my business in a bad situation. Please stop the madness STRIPE has to be stopped. I have send 10+ emails in the past 2 days with no response other than the canned email … We will respond as soon as possible. As a small business owner this can not only financially ruin my business but all my business brand.

    STRIPE if you are reading this please respond to my emails so that 2 things can happen 1). The funds in the account can be returned to the card holders immediately 2). You can provide me bank information that the 9K was deposited into so that we can catch the hackers and prosecute to the fullest 3) shut down my account immediately after you refund the 5K to the innocent card holders

    Are you with Stripe? Learn how to resolve this complaint.

    • mike

      I have received three emails telling me I have to resolve something at my bank so they can withdraw funds. I have no idea who they are or what they want funds for. And nothing in their email connects me to a real company or person. Is this a complete scam?

    • Joanna Caroll

      Dale, one possibility is if you signed on to an “affiliate program,” where you earn commissions by referring people to an on-site marketplace. You might have signed on to a program like that but most affiliate programs won’t ask for your taxpayer info (i.e., fed form W9) until payment is ready to be made. If you weren’t aware that Stripe is the processor of the payment for the program, you would be alarmed by its request for info. Think hard! I think you might actually be due money!

  • L Myshrall

    I agree. Stripe is AWFUL. Just as everyone says, there is no fraud prevention. You lose your merchandise and your shipping costs, then they turn around and hit you with a chargeback fee. I bailed from Shopify because the only payment gateway option they have is Stripe and I’m dismantling my Godaddy sites for the same reason. I don’t know if it will help or not, but I filed a complaint against the last fraudulent chargeback with the FBI internet crimes unit, the IC3. Let’s see if they are as useless as Stripe. My advice? find an ecommerce platform that allows you to choose your merchant account processor and make sure it isn’t Stripe. Good Luck, Linda

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  • Gene Rivas

    For those of you who can’t reach Stripe and want to sue / call them, here’s what I found.

    Their office is at

    3180 18th St, San Francisco, CA 94110, United States

    Tel: 1 636-922-9310


    We just started with Stripe, and its utter garbage. They can’t transfer funds, so we’re closing our account with a loss because they can’t get money to us. What a bunch of freaks. We are a huge media firm and we will not only sue them, but weI will also make this horsesh*t very public and run them out of business by the end of 2016. They have no idea what a sh*tstorm they just brewed up screwing with us.

    Their CEO better look for the unemployment line at the local welfare office.

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  • Kish

    We have been using stripe for more than a year. Reading the reviews have scared me but so far since we opened an account with them, we have had more than 20 transaction amounting to over 30K. So far no problems, they have been transferring the funds exactly after 7 days. Having said that, all our clients are B2B, only B2B, hence probably very minimal chargeback risks. The have been fine with us so far….

  • J Kim

    Simply Rip Off service with sugar coated brand.
    Been with their service and it was more harm than good – unhappy consumers due to their poor customer support, reject payment without appropriate reason, NO buyer/seller protection, always preferable to the credit card companies in terms of dispute.
    Never recommend STRIPE to any e-commerce businesses again.
    Their system simply can’t cope with the frauds.
    That’s why it’s simple.

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  • Miss Cinthea T Coleman

    We’ve been with Stripe for 2 weeks.
    Last Friday (Jan 15th) I got an email saying we were conducting fraudulent activities.
    We were freaked out for the long 3 day weekend.
    Then, Monday afternoon, we heard from the accuser, Silas Miller, saying, OOPS, I made a “misstep” and offered free processing for the next $1000.
    Yesterday, Jan 20th, I heard from Chip Rodriguez, also at Stripe Fraud Department.
    He said they were sorry for Silas and need confirmation of our “business model” which we provided when we applied and provided again.
    We sell antivirus software CDs manufactured in Texas, shipped only to the US. I’m in CA.
    Today, he says they’re holding our $3,000+ for 60 days due to the “elevated risk of the disputes”, won’t say the NATURE of the dispute(s) nor which of our customers, they’re referring to who have not contacted us with ANY complaints, problems or charge backs.
    My Attorney says to give them 24 hours and file charges against them for Consumer Fraud. As they’re not a US based company, I suppose it would be International in Scope.
    I believe they take our money and make money off the interest.
    They have no Legal Leg to stand on.
    Just back from the pawn shop.
    Miss Cinthea T Coleman
    Owner, Tech Global US

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  • MT

    I cancelled my membership with Stripe 3 years ago, thought that’s a done deal until they withdraw $600 from my bank account without notifying me this week!
    Thank goodness I check my bank statement regularly and caught this within the same day or I will likely not able to retrieve my money back (as my bank teller has pointed out).
    They are absolutely unprofessional and very dodgy, stay away from them and look for better alternatives!

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  • Scott Rogers

    Stripe is unfortunately ruining my life my business, my employees, and Christmas for their kids.

    We have been running various websites for many years and have always used traditional merchant accounts. Unfortunately, we run many websites, and with traditional merchant accounts the processors want an account for each site and business. When you have 15 sites, having 15 merchant accounts in nearly impossible to manage and we found ourselves creating more problems trying to manage each one vs finding a processor like stripe that we could create sub accounts or something of the sort and be up and running with each new website we launched in hours or less. We were finally making progress and excited to begin using stripe. Money was flowing, deposits were coming, orders were being shipped, chargebacks were low and next to nothing. Refunds, were only our own transactions that we were testing our sites with.

    Things were good as all stories start out in the beginning. Unfortunately that lasted just a short while. We began to slowly receive notifications for each account one by one over time with each notification having different reasons. None of this made sense to us, we were shipping orders, refunds were low, sites were doing good, chargebacks were next to nothing, and everything was in place. The relationship should be perfect match and fit.

    Recently as each account was being shut down, they were starting to place holds, change deposits to 7 days, then no deposits, and a constant loop of scheduling transfers that never happened. You can’t reach them, explain, discuss, or anything. I have managed to get some email responses here and there with very little information flowing, we are left with no choice but to share our story and hopefully avoid this happening to others.

    We now have around $15,000 tied up with stripe. That is a lot of money, and we are 9 days away from Christmas, we have employees to pay this week, they have Christmas to buy for their kids, travels to see family, all to be destroyed over Stripe and their lack of willingness to work with their supporters. I was a big fan, loved their concept and ease to do business. I was like in my head, saying Finally a company that gets it and if for the small businesses out there. I love Stripe.

    That is all being erased with the stress and frustrations they have caused on our business and our personal lives. We need our cash flow and rely on it to operate. They never inquired to see if our orders were fulfilled, customers happy, or anything just shut us down with no information or reasons that we could maybe provide documents, information to satisfy their concerns. While I realize businesses like theirs have to manage risk, I respect that, but did they reach out, inquire, or anything? NO. Worst of all, CHRISTMAS IS RUINED for many!

    I also realize there is lots of fraud out there, they have to take preventative measures, but don’t hurt the good guys, or penalize the ones who run a legitimate operation.
    As we are respected in our industry already which is internet marketing, It is not difficult to prove that a company who by procedure does not communicate by telephone with people, and has more negative press than a presidential nominee already ( as we learned in doing diligence on this issue ) is engaged in unreasonable business practices and unfairness to its clients. We will show this. Sorry your “Hands are tied”. We were hoping for a more favorable response as my concern is for the survival of our small business and my staff and their families.

    This is December 16th today. We will not be able to pay our employees for Christmas without our money. We have been effectively shut down by Stripes actions. Our business will be entirely shut down until we can reapply, open new merchant accounts and go through the painstaking process of integrating the new processors etc to our websites. Stripe didn’t provide a shred of evidence of chargebacks, or what risk level they speak of. Please define how you qualify “Higher than normal risk”. Because form the outside, it looks like you are using MY employee’s paychecks, to fund their company. However; we can absolutely prove we have shipped and continue to ship products. We can absolutely prove any chargebacks or disputes are handled by our accounting staff, we can absolutely prove that the level or “risk” you assess, is probably not based on anything specific to our industry or actual performance.

    Stay clear of Stripe if you want to avoid things like the above, shame on me for taking a chance with a company that does not provide phone support or publish a phone number at all.

    Scott Rogers

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  • Layana Peterson

    Hands down, the absolute worst company to deal with. They are extremely unorganized and under staffed. They required me to do a verification of my site and I completed it. To no evail, they continue to ignore you. Furthermore, you will never speak with the same person about your issue. I have spoken with Tanner W, Neera Pearson, Silas Miller and Polly Gerrick. These people have the unmedigated gall to question he authenticity of my organization and they have no phone number. I’ve sent 6 emails in the past 3 days and have received no correspondence. So tell me who’s the scammer. I pray that my words resignate with all those who read my review…FINALD ANOTHER MERCHANT. A smart man learns from his own mistakes and a wise man learns from the mistakes of others. My attorney is in the process of reviewing the terms and conditions to see what can be done. But I will notify the world and we’re working on a news cover story for lack of communication with these merchants.

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  • Vicky Bayley

    We are a new merchant for Stripe , as they are integrated into a new on line event sales program called Gather. We love Gather and it is very user friendly and we expected the same quality of service and user friendly technology from their credit card processor Stripe. However, Stripe misrepresents themselves by telling merchants funds will be transferred in 2 days and does not advise of their “withholding of funds policy. I’m sure it is somewhere in the legal jargon.

    Stripe accepted 2 payments and transferred both payments to the bank separately. Then they requested an invoice for the first payment.
    Stripe contuined to accept our customers payments and did not communicate they were going to withhold funds.

    To date they are holding funds from 11.19.16 and are holding a total of $19,000 which states on the dashboard the funds are ready to be transferred.

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  • Tera Kulling

    I have a complaint! I do not recall EVER signing up for this “service”, and yet, I am receiving emails from them, stating they have attempted to transfer funds from my bank account, been unsuccessful, and that I need to rectify the problem. I don’t think so! NO ONE gets permission to transfer funds out of my accounts, not even my husband.
    I think Stripe needs to rectify their own issues, and leave me alone!

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    • Joanna Caroll

      Tera, my comment to you is the same as my comment to Dale (above).

      One possibility is if you signed on to an “affiliate program,” where you earn commissions by referring people to an on-site marketplace. You might have signed on to a program like that but most affiliate programs won’t ask for your taxpayer info (i.e., fed form W9) until payment is ready to be made. If you weren’t aware that Stripe is the processor of the payment for the program, you would be alarmed by its request for info.

  • Marques Williams

    This is the worse experience I have ever had with processing payments. Stripe doesn’t have a number to speak with anyone. They hold every deposit for almost a full week when platforms like square and PayPal have programs to access you money quickly. I’m not sure if they are hold their customers money to draw the interest that you don’t see or the company is just poorly structured. They are doing a net 7 with your money and they are charging you to do it , iunbelievable. This type of company will kill a small business. If you can’t get access to needed funds in time you will loose a lot of money and business just like I’m doing right now. I would recommend another platforms like square or PayPal in which I was using before, until my website hosting company forced me to use Stripe.

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    • Tahir

      I totally feel you. They sent us a chargeback after one month, we sent them back all the info about the customer along with email address and a phone number but to no use.

      We have lost the merchandise and the money on top of that they charged us a $15 dispute fee. Go figure that!

      They absolutely have no seller protection against credit card fraud.

      At least all payment that get processed by PayPal is protected by their seller protection. Stripe no more!

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  • Eric

    We have been with Stripe for several years and Ibhave zero complaints. Indeed their email only support could use a phone upgrade, however, given the low rates..it is something we can live with and frankly rarely use anyways. I’ve noticed them taking a little longer in transferring funds, once cleared l, which got me looking around for alternatives. However, given my experience… I am staying put.

    • Eric

      In follow up, I should mention we only do B2B and have zero retail running through Stripe. Thus, I can only reflect my views in that end of the spectrum. Sorry for everyone else’s issues but we have none here as far as B2b goes. Zero CBs over 3 maybe 4 years now.

  • Pavel

    Horrible, Horrible, Horrible. I leave stripe this very minute,
    customer claimed they never got the package i provided proof of delivery and communication log, and had it ruled out in favor of customer. so i paid for goods for mailing expenses and i was charged for dispute fee. Thank you very much STRIPE for showing me how much you care . they dont even have people to speak to. i would give a zero rating if i could !!!

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  • Thomas Marshall

    Not only do we no longer use Stripe for our new clients, we’ve recently begun a strategic effort to switch all our customers that we have [unfortunately] setup with Stripe. In the last 12-14 months we have implemented Stripe payment services for 173 clients who have processed an estimated $37,000,000 in that time. Of those 173 clients, 29 have complained that their accounts with Stripe were:
    – Terminated immediately with false claims of fraud (Stripe making the claim when the card holder never made such claim).
    – Terminating “soon” notice due to [most times] a single chargeback that was quickly resolved once the customer was contacted.
    – Terminated due to “excessive chargebacks” when in fact there were either none or less than 1%
    In general, Stripe takes no interest in building any kind of relationship with merchants. Stripe’s business model seems to be hitm’ and forgetm’ in the sense that as long as they can collect as many fees as possible without spending any time whatsoever dealing with the same, day to day things that every ecommerce merchant deals with, all is fine. However, as soon as anything steps away from charge-deposit-repeat, Stripe cuts you loose with little to no warning and often times with false claims made by Stripe themselves presumably to justify their actions.
    I have personally confirmed that many of the claims Stripe made to our clients regarding fraud were completely a work of fiction. This is something that really put me over the edge with Stripe. It’s one thing to enforce very strict guidelines but to make false claims of fraud is unconscionable.

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  • Stripe Merchant

    Beware of using Stripe! It is impossible to win American Express disputes if you use Stripe as your processor – this is something I had to verify by directly calling American Express merchant services (1-800-528-5200). First you have to ask Stripe to give you their American Express ID number to do the verification but if you continue to press for this info and then use it on the call, you’ll be told that none of the payments going through Stripe can possibly ever win a dispute – this means that we merchants automatically lose every single time regardless of the situation!! This is unfair and I don’t know if it applies to Visa or Mastercard and other card transactions but this is important information to know about before using them!

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  • Marc Fuoco

    Do not use Stripe. I have a brand new online store and decided to use Stripe. Unfortunately, our 3 last transactions, which were verified by Stripe, were reversed because of a dispute, and they took over 5000$ from our account within a 24 hours notice. It is very important to tell people that once a complaint is done you the merchant cannot do anything!!!! They copy and paste an email (because you cannot get a hold of any human on the phone because they simply have no phone number to reach someone when its urgent!) stating you can contest! Yeah right! The process will take up to 3 monghs. And bottom line you the merchant will never see the color of your money again! Use stripe if you want to lose money, lose customers and go bankrupt!!!

  • Paul

    Ok , so Stripe.com – what is going on here?

    We have used Paypal for 5 years , not a single dime lost in disputed charges etc. We have Stripe.com for a significantly shorter time and within weeks of using them we receive “Disputes” for goods shipped with tracking. Then it was ok , and now recently disputes have arrived again.

    When Stripe email us about a “DISPUTE” – we respond with tracking details , at which point they take back all of the money + $25 dispute fee , and they keep all of the fees also?

    At this point it’s a waiting game and we’re told that our payment being returned to us is dependent UPON THE CARDHOLDER’S BANK?

    Excuse me if i’m wrong here , but surely the CARDHOLDER’S BANK is always going to favour their own customer which means you’ll lose out of pocket even when you’ve shipped the item with evidence provided etc.

    We received one dispute > provided evidence of shipment delivery >> STRIPE EMAIL US “YOU HAVE LOST THIS CASE”.
    We received another dispute > provided evidence of shipment delivery >> STRIPE EMAIL US “YOU HAVE LOST THIS CASE”.

    Is Stripe.com a company to be completely avoided or am I missing something here?

    • Rob

      Exactly the same happens with us. They are useless and always side with the bank and thus the customer. In one case a customer even emailed me to say that they made a mistake and contacted their bank, but Stripe still did not resolve in our case. I have had 5 cases so far and not a single win. Over €700 out of pocket which includes their ridiculous “service fees” for disputes.

  • Ryan Williams

    Aweful service. I would not recommend Stripe to anyone. In fact I’ll go out of my way to let people know how bad they are. They closed my account and LIED about why. They said “Our systems recently identified charges that appear to be unauthorized by the cardholder, meaning that the owner of the credit or debit card did not consent to these payments. This unfortunately means that we will no longer be able to accept payments for xxx.foo”

    LIE LIE LIE! I personally know every person (only two or three charges) I charged and spoke to each of them and they NEVER contacted anyone about the charge nor had anyone ever contacted them.


  • Paul


    We use Paypal and Stripe for our online payments. Stripe definately have a better interace is more user friendly , however – Stripe appear to have no seller protection which means we use 3 fraud tools which we inspect before shipping any Stripe.com orders.

    We have been using Stripe for a while now and in the last week have received 3 “warning” disputes – from buyers claiming they have not received goods. We have uploaded their tracking numbers to Stripe and now they are waiting on the “banks” to make a decision as to whether or not we lose the money (on the goods we have already shipped).

    Is this the way Stripe operates , it’s a russian roulette situation. With Paypal, we provide tracking and we are safe from huge losses. With Stripe , it seems even after shipping goods with tracking – the “banks” can still make unfavourable decisions – putting businesses on the line.

    Your thoughts?

    We are using 3 fraud tools, for 3 transactions the fraud tool showed it was OK TO SHIP.

    So we ship the item , provide tracking – and now we have 3 “warning” disputes from Stripe.com

    Why does Stripe not have any seller protection like Paypal ?

  • Richard

    Stripe is integrated with our CRM platform. When it works, they are good. The API integration is good and their rates are much cheaper than Paypal.

    However, when asked to help with a Xero integration the wheels started to come off. They refuse to get on the phone and answer questions and make it incredibly difficult to contact them.

    They recently duplicated a pay out to our bank account. I tried to let them know, but could not reach any customer service team. I wanted to return the funds immediately, but instead they imposed a solution on us that has caused an accounting problem in out automated system. This refusal to communicate is not good when dealing with payment problems.

  • M. Q

    this is the worst credit card company processor do not sign up orders placed have a great deal of fake addresses fraudulent. no seller protection worth the money trying. stripe closes seller’s accounts afterwards when you report fraud and punishes seller for fraud instead of the actual users who committed the fraud. do not sign up.

  • Stephen C

    I ran a GoFundMe campaign… I did not get a choice to not use Stripe… It is just the payment system that GoFundMe offered. My campaign raised just under $7000…now 3 weeks after campaign has finished I am starting to get “fraudulent transaction”claims for some of the donations. Credit card holders claiming that they did not authorise the donation…. I understand that this happens. What I was not told, nor did I get a chance to negotiate was that for every chargeback I am charged a $30 fee on top of the original donation… So if someone “donated” $5 and it is then disputed, Stripe take $35 out of my bank account. It just seems a bit exorbitant.

  • Ted

    Stripe did not disclose the fact that there is no seller’s protection. We lost more than $3200 from a credit card fraud. Stripe did not take actions to protect us and just send us an email stating that they will withdraw the money from our account. This happens two weeks after we shipped out the product to the criminal. Even worse is that Stripe charges a transaction fee about $80 dollars on top of the money we lost. The customer service sucks too. There is no phone number to call. When I complain about the situation, the customer service simple just replied “Stripe isn’t the right fit for everyone “ . 6 months ago when we communicate with their customer services. We were never told that “Stripe isn’t the right fit for everyone “. When we asked them to compare the difference between Stripe and Paypal, they did not tell us there is no seller’s protection. With our sells volume, the fee is about the same as paypal except there is no reserve. Now we have to spend time to monitor all transactions and manually reject all the suspicious transactions. We will move to Paypal. Warning!!! If you really want to use Stripe, you would need to have the capability to filter out frauds, don’t count on Stripe.

  • Kyle Stanley

    Stripe is the worst. NO customer service. there is no number to call when you have an issue. You write them an email, and within 24 hours they will write you back, or not. I have written them on 2 separate occasions with no response. When I receive a payment on my website, I can’t access the money for 5 days even though they say it will be 2 days. Every day during that time, I would log on and see if I have money yet, EVERY time it says “funds available tomorrow”, I go and check the next day , and of course it tells me tomorrow. This goes on for a week. They give you no clue as to where your money is, why they are holding it, or when you will get it. Puts my business on hold when I can access the money my customers send. Company is garbage and won’t respond to customers.

  • Stephen

    We run a hosting business and they gave us 14 days notice as they would be closing our account because our business was in violation of their Terms of Service, section B.5 (“Prohibited Businesses”) I cannot find any reference to hosting in there TOS.

    Its strange that wasn’t an issue when we signed up 2 years ago and have had over £120,000 in payments.

    The fraud checking that Stripe use is rubbish which means we needed to manually check new orders someone could use 20 different cards and then one works and they accept the payment, they need to start using 3Dsecure and Securecode.

    They are always very polite in there responses but they do take days to respond to emails and have no telephone support.

    I never had any issues with them paying us, even when they shut our account they still paid us what they owed.

    We are opening a merchant account, the fees are lower and the 3Dsecure,Securecode is included, I would advise any business doing more than 1000 transactions a month to move to a real merchant account.

  • Dan Parra

    Wow seems like most of us are having the same problem with this bad business people . Here is my story , i been a stripe costumer for over 6 months now one day in my office i came to my computer and it asked me to verified myself to log in , after putting in my password my whole account was deleted! after few attempts on getting a hold of someone from stripe i was unable to use that account again. I re-open an account started taking payments next thing i know they are sending me an email saying i have 5 days to find another server 5 days! and that the money will be on hold for 90 days! what is the issue? long story short this people cost me over 50k and a lot of new business opportunities because they feel i am high risk of something. I asked myself am i being judge for being successful ? I manufacture stuff ship it over to my clients and now i have to wait 90 days to even see my money ? are you kidding me ? who is running this show? why should i not be in tittle to something its mine for product my company is making. This is total bs it really is i thought very high of stripe till now.

      • Ron

        Yes, they are the worst. We sell equipment for bicycle racers. We shipped product all throughout the Summer busy season without being paid for a SINGLE credit card transaction through Stripe. The Paypal and debit transactions all went through OK, so it wasn’t obvious to us why there was so much money not coming in. We didn’t realize until too late that the problem was specific to Stripe. This was over 50% of our business. It appears we are going OUT OF BUSINESS.
        Since it’s past their 7-day policy, those transactions are no longer authorized. We are out of luck, according to Stripe. Stripe says we need to contact all of those customers (all over the world) and see if they will agree to let us run their credit cards again. Seriously?

  • Jay

    Well here is an interesting twist to an already miserable experience with these scum bags. Last year I posted on this feed with the same complaint as most of the people here have experienced. They refunded all the money in my Stripe account to my clients and closed my account because the transactions couldn’t be verified. It was the biggest crock, I had to chase that money down from a bunch of new clients, install a new API into my website, new merchant accounts, a week with out taking new payments. It cost me a ton of money to fix, plus I lost out on new business. What a disaster.

    NOW almost a year later I get an email from STRIPE CONGRATULATING ME that I received a payment from my client. It was a legit email from STRIPE, I went back in forth with a customer service rep who told me I needed to log into my account and cancel the transaction. YOU IDIOTS, you closed my account a year ago!!

    This is just crazy… C-R-A-Z-Y. I contacted my client and sure enough there was a charge on her card. I told her to contact her bank and report fraudulent activity on STRIPE. I have no idea how this could happen… but it is disgusting!!

  • Lane

    This is the worst company ever. It balances on the edge of estortion. I opened an account with only because if was offered on Weebly. Which I have no problem with Weebly. Then after accepting my account, and I had my first charge through them, for $ 1500.00, they sent me an email saying, they could no longer do business with me, I was too much risky, and they were going to hold my money for 60 days. What bull*&&+. Oh, I am sure its in some terms and conditions somewhere, or in a fine print. But, this is absolutely crazy. If they are going to accept accounts, they should do their due diligence before they approve an account. Not wait until the account has money in it, then decide they don’t want you as a customer. I don’t have a problem if they don’t want me as a client. The problem is, check it our first, and then approve or don’t approve an account. Plus, wonder what happens to that money that sits for 60 days? Do we get interest on it? I would never do business with them again, EVER. Now, to settle my issue, I was lucky, the client is a good guy, and I told him, he said just refund the money, and he would pay me in another way. So, I did. Hope that works. For those of you without that option, I feel for you. Someone should stop this.

  • Bill

    I too wish I had read these reviews first..
    For those of you having no issues, great to hear.

    Anyone else thinking of using Stripe, stay away! I had the same experience as many above. Lost $12,000 and now my business is up in the air as we do not have the funds to restock.

    We do plan on filing a civil complaint.

  • Richard

    I’ve had the same experience as most people! I just started my first web shop and the first order I received turns out to be paid with a stolen credit card. Stripe closes my account out of nowhere and charges me an extra fee. I normally don’t give bad reviews, but please make sure you don’t choose Stripe for processing credit card payments! Avoid!

    Hi Richard,

    I’m afraid I need to reach out to you with some bad news. After
    reviewing your information and website, we believe your business
    presents a level of risk for customer disputes that we will be
    unable to support. Specifically, your chargeback rate of 100.0%
    is much higher than the industry threshold of 1%.

    That said, we understand that there may be some work involved
    with moving your business away from Stripe, and we’re happy to
    help out with this process by giving you 5 days to switch to a
    new provider. After that, you won’t be able to accept additional
    charges on your account, but we will continue making transfers to
    your bank account until you receive all of your funds[1].

    Because the 1% chargeback rate threshold is determined by the
    credit card networks, I’m afraid that our hands are tied in this
    situation, and we will be unable to reopen your account. I’m
    sorry we won’t be able to help with your business, and we wish
    you the best of luck as you switch to a different payment



  • TJ

    I am new to Stripe and discovered what a joke this company is after I received this email from them canceling their services to me for TEST CHARGES ON THEIR OWN TEST CARDS (!):


    We’ve noticed that you have processed charges that seem to be unauthorized–in order to make charges with credit and debit cards, the owner of the card must consent to the charge. Charges on your account do seem to lack this consent, which unfortunately means that we will no longer be able to offer service to [site].

    I’m sorry that your Stripe service will be ending so abruptly, but our hands are tied in this situation.

    Can you believe this??? They cancelled the account for USING THEIR OWN TEST MODE CARDS!!!

    What a bunch of amateurs. I struggled a week to integrate this payment system, and paid over $200 in plugins to support it, as everything failed, and then I get this ridiculous email.

    Never again. I don’t recommend Stripe to anyone. This reveals that the service is completely unreliable.

    • Ron Currier

      Did you use test cards in live mode? If so, that was the problem. Banks go ballistic if you send them test card numbers more than once or twice (those numbers are standard across most card processors).

      • TJ

        Not as far as I know. And Stripe never mentioned anything in the emails between us. I followed Stripe’s own suggestions step-by-step to set-up the account. So if any of that was wrong, then they need to change their own instructions. The set-up is actually not that simple to make it work. I had so many problems with it and it took over two weeks to finally get it to function, and they immediately cut me off and blocked the account before I even processed a single payment. $200 loss.

  • Richard Light

    Just started using Stripe and received an email saying that they would not release our funds because they are not happy with our website. They should have told us this before we took payments of £4000. I received an email from them with no contact details other than a name and have emailed them 5 or 6 times with no response. DO NOT USE THEM.

  • Cherry Lawrence

    I’m using Stripe with Shopify for my online toys shop. No issue at this moment.

    I used to have increasing fraud and chargeback issue with Stripe. However, it has been reduced by using the free FraudLabs Pro module in Shopify.

  • Brandie

    I had started a fundraiser for a very good friend of mine who lost her husband suddenly in a tragic car accident over memorial day weekend. The funds raised were supposed to assist her with funeral costs. In 3 days we raised $20,000 and I receive an email saying they were going to refund ALL the money we raised – no warning or attempt to correct any unknown issues. They froze the donation page and no on will return any email attempts. Total scam. I hope they can sleep knowing the stress they are causing this young widow and her child.

  • Del Blanchard

    I raised 1500 british pounds on a go fund me site. Stripe then informed me they were closing my account because banks asked them to monitor useres and i processed payments that weren’t authorised. They refunded 1 donor 200 pounds and deposited 555 pounds into my bank account, leaving a mystery total of 648 to 860 pounds in limbo. I have contacted them at least 10 times now asking how to get the money transferred and I get responses like 200 pounds was refunded or I apologize for the inconvenience. No instructions how to correct the problems they are supposedly having or get the balance transferred into my account. It’s just the same bs over and over. I really think they are going to try and keep my balance.

    • Del Blanchard

      It’s now July 17 and I still have no valid response from stripe. This is about 4 months of them holding 648 pounds with no answer from my many emails to them. They just ignore me. I think I am going to pursue this with the law now. Them and go fund me both.

  • Vlad

    Very true, complete waste of money. Multiple fraudulent attempts by the same person that were denied 3 times within the same minute yet (people tried different cards until one worked) and when Stripe approves it. Week later the charge gets disputed, you have to provide evidence from your end that this was a transaction payed for the service and service was delivered, Stripe or Banks they deal with don’t provide you with any of their evidence whatsoever and simply tell you bank requested the money back due to fraud, and they CHARGE you $25 on each of those transaction. Seems like a great way for them to make money themselves, waste of time and money, definitely not recommending for any start-up that has a lot of transactions, Stripe has ZERO fraud detection capability and you will end up paying $25 for every fraudulent transactions every time. And you will always loose regardless of services or evidence you provide, the process is a complete black box.

    • Darius C

      I would have to comment here that I would have to disagree with you and others. Stripe does keep record of cards that are marked as fraudulent which is why that one transaction possibly got denied due to fraud. They do have a system in place to detect possible fraudulent charges, and yes the business is liable for the chargeback charges (which is $15 unless stripe changed it), unless you provide proof that a product was delivered/service rendered, which generally is easy. I have had chargebacks before and after providing evidence, I won the case and had the money + the fee place back into my account.

    • shiel k

      stripe is worst payment service. a buyer disputed a charge over a month ago the for fraudulant charge , stripe inform me that they will debit my checking account + 15$ severice fee first with out my authorization, and then I need to waste time to provide all related documents to fight for the money back. I provided all the delivery record, and close my checking immediately and inform my bank about the scam activity of stripe. Goodbye forever, Stripe!

        • Laura

          By any chance do you think closing the bank account could have a negative effect on your credit score? I’m seriously considering doing that if I lose the dispute but I would hate for them to report me to collections.

        • David

          Laura, “YES”! Close your checking account! You can close it and reopen a new checking account. And to answer your question on it impacting your personal credit? No. Only if your business is incorporated and has it’s own E.I.N. number and you are just the signer on business checking account. If your business is a sole proprieter can you personally be held liable. I have had to close my accounts before to avoid scammers like Stripe from taking money on charge backs from shady customers and it has not ever impacted my personal credit or bank however, again, my business was incorporated and my personal credit and information was segregated from my business. But unfortunitly, Stripe has moved from taking a new client and waiting for them to transact their customers credit card and then they send a letter stating that you the company did not have authorization to make the transaction and therefore they are refunding your customers and closing your account. The customers never receive a refund and Stripe keeps your money and your out all together to now making bogus statements that your customer did a charge back and therefore debiting your bank account leaving you without your product and money. The customer never gets the refund or knows nothing about it and again leaving you without product or money! I would close it and go with a half way reputable processor.

      • Laura

        I just had the same thing happen to me. A buyer I sold to over 2 months ago just submitted a dispute saying they didn’t authorize the purchase. I submitted all the evidence I have (including emails) to Stripe and also put a stop payment for the chargeback that Stripe was charging me. This is clearly a case of buyer fraud and I refuse to get screwed over. I actually don’t think Stripe is a bad company, their customer service reps are really nice, but they have an extremely faulty system. They shouldn’t do a chargeback on the seller until the bank finishes their investigation. I imagine I will be getting an email or a call from them when they get denied by my bank. If they are willing to be patient with me I will return the favor, but I utterly refuse to give a penny back to a buyer that is trying to steal my item. This has taught me that I have to refuse all purchases even if they only seem somewhat suspicious. I also plan on dumping Stripe after this has been resolved. PayPal isn’t perfect but I haven’t had this kind of issue and I have been with them for 10 years.

  • Lilie

    Stripe is definitely a SCAM. I mean how can you not have a live contact or phonr number for us to call? I used stripe as a paymen option for my storenvy, and I been selling some stuffs. 1 day I received an email saying that 1 of my order, the credit owner reported that they did not made the payment and their bank withraw my money (straight from my bank without telling me) plus an extra $20 whatever fee which I had no idea. So like usually I would contact stripe, guess what no contact phone number, so I emailed them and they replied to me the next day saying there is nothing they can do and I just have to wait and deal with the charges. 2 days later that same buyer come back make more purchases (wth), I dont want to get in more problem so i refunded the payment and got charged $7 for that order :( it didnt stopped there. While i was waiting for that case to be solve another case from another customer was opened (and that customer bought from me before with no problem) and again Stripe just withdraw my money with another $20 extra charge. So no more. I called my bank to block them.

      • Laura

        I blocked Stripe from doing a chargeback on my account by setting up a stop payment through my bank. The bank guarantees that Stripe can not charge me. A stop payment might last anywhere from 6 months to a year but after that they could still try. It seems the only way to prevent them from taking money back for a scammer is to close your account altogether. Personally I’m considering this option.

  • Adolf

    Hey guys is stripe trying to they are holding my $5,000 because on my website I didn’t have enough info ? I updated the info on my website how they wanted me to and guess what? they aren’t replying and holding my $$

  • Patrick

    Don’t ever expect them to respond to their own customer service email system. They have no interest in dealing with customers. No phone number. Will randomly not release money that customers send to you. For a company that just sits there and takes almost 3% of every transaction they process I think they can afford to hire one person to answer phone calls with questions regarding your account. But they choose not to. So I’m closing my account with them after a year and a half of this BS. Any other credit card processing company is BETTER.

  • Bob3

    The author of this column Phillip Parker has another article describing what recourse you have against scammers like Stripe. I have filed complaints with all federal agencies, especially the ones that deal with cybercrime. And these guys should spend some time in prison for failing to protect their customers.

    • James howard

      I have also just used Stripe, and I just got an order which I have shipped and the customer received the order. Now I find out that I can’t transfer the money from stripe to my bank account. I have also sent emails after emails and they have not reply once. Now I am out of the product and money spent and nothing received.

  • Bob3

    Found Stripe through Weebly and have recently discovered what a nightmare they can be when accepting credit card payments. It seems that fraudsters tried over 90 times to order the same item from our site until one finally got through. How their system didn’t notice this is beyond belief. And the worst of it is that you don’t see attempts unless you drill down a couple of layers to see what was going on.

    I’ve been suckered by these sophomores in the industry. I’m more annoyed with myself as I should know better.

    • David

      Hi Bob. Where did you find the additional article on stripe? I am also looking for legal action against Stripe. Which federal agencies did you file with? Maybe FTC? Attorney general? Anyways, i would love to see this company go down!!

      • Bob3

        David. I may have been wrong about Phillip Parker authoring an article. I’ve gone to the FTC and managed at one point to find a federal cybercrime form. There is the attorney route but you’ll need lots of docs. If you can get the Attorney General’s office in your state to take up the case then things can move. I’ve talked to one of the Asst. AG here in Honolulu and it takes research and time. Let us all know as will I.

  • Ride Simple Inc

    Stripe.com is one of the worst company I have ever dealt with in my entire 25 year career as a business owner! Searching for a better merchant processor other then Square.com, My secretary stumbled across Stripe. After reviewing on how great they make themselves out to be, She decided to try our company out with them. After a couple of days of no business we had a rush of customers that needed service. When the service was completed, We started transacting their credit card payments. The following evening we received an email from a gentleman by the name of Les. In his email from Stripe he indicates that because our customers did not authorize any charges for the services we completed that Stripe was cancelling our account. WOW! We were to say the least blown away at this because most merchant companies would at least give us the option to provide invoices, receipts with signature etc. Nope, not this company, they just accuse you of unauthorized transactions and then close out your account and refund our clients credit cards! This to me is theft of services because now we can not recover the funds owed to us by our customers. So we worked for free while stripe played GOD with our money. Our company does not belong to Stripe and Stripe had no right to do this!

    After reviewing Stripe on the BBB and other consumer alert sites, It became clear to me that this Merchant Company is a SCAM!! They hold your money for 7 days for no reason what so ever. Then when it comes time for them to transfer money into their clients bank account they continue to with hold their clients money and it basically takes legal action to get it out of them. If they do not like your process for recovering your money they place you on MATCH system and cancel your account leaving you with nothing to show for your hard work…

    This company needs to go out of business! We will sure campaign in pure joy in those efforts…….

  • Jake

    This comments are quite comical. Switching to Stripe was the best thing I’ve ever done.

    First, your analysis is flawed. You’re comparing swiped pricing (SQUARE) to non-swiped. 2.9% if very good for a low volume, card not present business. Plus, if you’ve ever done business with First Data or traditional VISA/MC vendors there are all sorts of fees for international, business / debit cards, etc. SQUARE is not a good swipe rate at 2.75% (you can get much lower easily) and obviously you can’t do ANY card not present business with SQUARE, so you still need another solution for e commerce.

    STRIPE also only charges 2.9% on international transactions, which is a huge savings if you do international business. PAYPAL charges an extra 1% for international, plus some other fees. The salesmen at Paypal get all mad when you tell them you’re using stripe, because they know they can’t compete.

    The 7 days wasn’t an issue for me, although after 6 months they switched me to 3 days, which is fine. True they don’t have telephone, but they answer email fairly quickly. I’ve never had a chargeback or a missed payment, and almost all of my business is international. I actually lose money when someone send money via paypal, because paypal’s fee is higher for international payments.

    • David

      Only someone from Stripe would post a positive rebuttle for them… Funny thing. Me and my customers still have not recieved a single refund from this company stripe and it has now been 2 weeks since stripe took it upon themselves to refund our company money… They are frauds, we have joined a legal action team in seeijing a law suit against Stripe..

  • Mikel

    Well I wish I had done my research before using stripe with my bigcommerce store. I am officially out of $6870 As of today March 20 2015. I signed up and verified my account i had three orders come in that were successful and not fraudulent. all orders where verified and shipped and delivered. Stripe out of the blue sends me an email and tells me that my account was being closed. I send them an email and attach all information showing the orders where shipped and delivered and out of the Blue stripe refunded the customer. After they received the product. SO now I have to close my New business. We need to start a class action lawsuit. These people are destroying lives.

    • Eric

      Stripe, Inc. is one of the worse and most unprofessional companies I have ever worked with in my entire life of doing business! It seems that everyone who has an issue with Stripe, Inc. has the same related conflict of Stripe, Inc cancelling accounts because of “so called” unauthorized charges when charges were in fact authorized! Once again your account is cancelled they refuse to answer you back via email and have no customer service number! Or better yet once the account with them is cancelled they withdraw money out of your personal business account and state that they will be refunding the clients/customers back, but it has been months now and my clients have not received a refund! This company is fraud and everyone who has dealt with these particular issues needs to get together and take legal action against them! We cannot allow Stripe, Inc. to continue to ruin people’s businesses and hold on to money that is not theirs without issuing refunds when they say that they will! This is known as fraud and something must be done! We need to get together and do something about this! If you have been screwed over by this company and want to do something about it please contact me via email at [REDACTED – personal information] look forward to hearing from anyone via to email who is dealing with similar issues pertaining to this company.

  • Mithilesh

    I started with stripe on 7th march 2015 and on 17 march they send me email that they are not going to business with us as we sell controlled substance but they will continue my transfer but before sending this email they already disabled my transfers.

    Whats the hell is this ?
    I have remaining balance of 2500$.

    We sell bricks and hardwares.

    No one reply me as they mentioned within 24 hours.

    They are fraud, Never use stripe, because when you accept payment then they will hold your payment and also they have no policy that for how much time they will hold your payment.

    I really upset with Stripe service, They ruin my newly starting business.

  • Craig J

    I originally was lured into using Stripe and used them for 2 businesses I own. Over a year I processed over $180,00.00 without a charge back or a problem. Then one day I received and email from them stating”
    While we hate to give you anything less than a spectacular experience, it does seem that your business does not meet our current account requirements—we are currently only able to support accounts based[1] in the counties listed here [2].

    WTF?? ( I am not selling porn, just online classes and I gave you my address, contact info, ID and website with all details on it. At least MY website has a phone number unlike Stripe!)
    So I changed back to my old processor.
    4 months later I started a 3rd company and unfortunately decided to give Stripe another whirl.
    Soon as I had started processing they sent me an email saying they where extending the payout time from 2 days to 10 days. Ok, no big deal I can live with that. Then a week later they sent another email saying they are closing my account as I have previously had an account with them that was closed and I would have to wait 45 days to receive my funds. (This was on top of the 10 days I already had been waiting for them to pay me $2,500.00.
    Suffice to say I am still waiting for my money and get generic email replies.
    Stay away from any processor who does not have a phone number. Stripe sucks!

    • Tommy

      I have been with Stripe a few years, I do think their rules are very tight and I more or less stay near their 1% charge back rule (I do simple web hosting), but have not been terminated yet, and most importantly they have never been dis-honest or took any money from me like some of the comments on here claim. The earlier comment by Craig J says they terminated his account because they do not do business with company’s outside the countries they list, I don’t understand what Stripe did wrong there… there are processors in Europe I would like to use but they do not do business in the USA so I guess I have to accept that .. right? They are internet based and they kinda only deal with API / automated type websites … I think if your looking to sell goods at the flea market or something for example and need to swipe cards you should look into Square.com, seeing all the bad comments and horror stories on here (which I have been following also for a few years), they do make me worry, I like Stripe and think their system is great and don’t want to loose them, I do get a lot more charge backs from Stripe vs PayPal, about 1 every few months and only about one per year with Paypal, they pay every 2 days and have not once been late, and like I said I have never had a problem with them taking my money or anything, in fact I think their fees are very low for the service I get from them. I can understand some of the reviewers frustration, but I don’t think your hurting Stripe much with the bad (and many times made up reviews), I think Stripe is on fire and doing very well. they should they had a great idea, but your just making people like me worry more than likely for nothing — you should be honest with your reviews, if your site is a scam and your customers claim fraud, it’s not Stripe’s fault, get back to work and build something people will want to pay for!

      • Jake

        I’m pretty sure that “Tommy” works for them.I had an account with them and did nothing fraudulent whatsoever and they said I had unauthorized charges so they can’t do business with me.All my charges were legit and I have recordings of all my calls with clients to backup any type of situation that arises like this.So they transferred the money into my bank account only to take it right back out in an hour without my authorization.I asked my client if she disputed something, and she said no, she is happy with my services.Stripe has not responded to my emails or anything so I just contacted my bank today to get my money back.They try to close out your account and keep your remaining balance.I did nothing fraudulent at all and they totally screwed me over.I’m just going to use paypal from now on.Paypal is actually cheaper if you process more than a certain amount.They have the same 2.9 percent +.30 cents fees but after you bring in a certain amount with paypal then it lowers so in the long run paypal is way better.I was using paypal for a few years before trying out stripe and never had a dispute or anything bad with paypal the whole time but once I went with stripe I had these problems.This guy “Tommy” has to be a worker or something for them because how can you say they are cheaper?What a fool.They have no phone number to contact them so that should have raised a red flag right away for anyone.I have 1.5million followers on my twitter page and just tweeted for them to never use stripes services at all because they try to steal your money.I am going to go on all message boards and tell people not to do business with them because I don’t see them lasting either because on the BBB they have 92 complaints in the last few months.Screw Stripe and anyone who is stupid enough to stand behind them

      • Philip B

        I think it’s funny that you can’t share a positive experience about Stripe without being accused of working for them. I’m pretty sure all the bad reviews here are from PayPal employees. That’s just as silly as all the “Stripe employee” comments. I don’t work for Stripe, Stripe works for me. They’re up front about all of their policies. You should do more research before signing up with a company that’s going to process your business’s credit payments. I was not at all taken by surprise by the 7 day payout or the email only customer service since they have it clearly displayed before signing on with them. And it’s not like you can never get them on the phone. If they can’t solve your issue through email, then they schedule a CS phone call. I’ve had no problems with their services, but it sounds like they’re simply not for all business types. I don’t process at a high volume and I don’t sell anything over $200. Average being about $30.

        I just cleared up an issue with my account yesterday. I emailed them on Memorial Day and they contacted me the very next day. We went back and forth for a couple days trying to solve it and couldn’t figure it out. So they scheduled a phone call and after verifying my identity, we figured out the issue and they got me logged back in to my account. If you’re not the type of company that can take a little extra time to solve problems, then Stripe is not for you. Along with the benefits of how they operate come vastly different security measures. Don’t blame them, just choose the right processor for you business type. You want to benefit from their simpler and cheaper function so you sign on completely ignoring the risks associated. As much as I like Stripe, if I started moving 1000s of dollars of product a day, I’d definitely switch to a different processor and just pay the monthly dues and lower transaction rates. Like you all should have done.

        • Eric B

          The company has tons of complaints across the internet….If they’re all supposedly PayPal employees like you say, then that’s a lot of employees posting bad comments on their free time. Gee, how do they find time to actually get any work done at their offices? Maybe PayPal has a “Trash Stripe Department”? I doubt it.

          By the way, i’m not a Paypal/Square/whatever other competing company employee…i’m someone who has also had a bad experience similar to most of the people posting here despite not having done anything to warrant it.

  • I Guess the Joke is On US

    Same thing- getting the you have 5 days until your account is closed blah blah blah Bulls*it with them- And on another account I haven’t even utilized- they said ‘We’ve noticed that you have processed charges that seem to be unauthorized–in order to make charges with credit and debit cards, the owner of the card must consent to the charge. Charges on your account do seem to lack this consent, which unfortunately means that we will no longer be able to offer service’

    There hasn’t even been a charge to that account made yet!

    It’s crazy- they are nothing but a fraud- they are also withholding funds that should have already been in the bank days ago before they pulled this stunt on me. I think it is safe to say ladies and gentlemen- we won’t see a penny.

    They are quite happy to be moving along with Bitcoin and kickstarter and ApplePay though aren’t they- dump on the small business now is what it seems. Sad thing that companies like Stripe get away with that.

    No communication
    No phone number ( guess that should have been a red flag)
    Doesn’t send funds
    Makes up erroneous stories on why they all of a sudden can’t process your business when you have been with them for over a yr with over 10K processed per month.
    Smells fishy to me….just saying….

    God luck to everyone – I sincerely hopes someone goes after them to protect other hard working businesses like ours.

  • Mike D

    I received an email from Stripe last week telling me that I needed to update some information or I would no longer receive payment transfers. I responded to the email within 10 minutes with the required information. Since that time (6 days) I have received no transfers from Stripe. I have contacted the company on a daily basis through their email/messaging system and have never received a response.

    After searching the ‘net for a customer service telephone number I came across this website. Obviously, this company has some serious problems with their customer service. I have used Paypal for the past 7 years (over 40,000 transactions) and have never had a problem. I have found Paypal’s customer service to be great, although I rarely need it.

    Does anyone out there have any suggestions as to how I get my money? Is there any way to speak to an actual person at Stripe?


  • Moonwishes Sewing and Crafts

    Since these types of websites seem to exist for hearing complaints, I do want to say that after using Stripe for well over 2 years, I haven’t had a single problem with them and prefer them to PayPal. Unless it is a weekend or holiday, my money is being deposited within 24 hours to my bank account. No customer complaints either which over the course of years I have had plenty of times about PayPal to the point that unless I offered another payment option I would have lost that customers business.

    while you can count complaints to give a business a lousy score here, you aren’t being sure that you are getting reports from the happy and satisfied Stripe users. I think if you did you would see a much better representation of how people feel about Stripe.

    • SARA

      Stripe is a rip off and they need to be taken to court! If there a lawyer interested in this scam online, we will want to add our company to the battle. STripe “STOLE” because this is the word fro what they are doing. Someone bought an item with a stolen credit card. They told told us to go ahead and ship. Afterwards and Thank GOD we didnt ship as it was a $10,000 dollar watch. There was a chargeback because the credit card was stolen. They have awful costumer support. no one answer questions. At the end Stripe stole $350 dollar from us saying this is their fee for the dispute charge back. WHAT FEE? the transaction didnt went on. If we didnt waited on the shipment we will have been without the watch and without the money.

      Are you with Stripe? Learn how to resolve this complaint.

  • Toni Thom

    My heart is sinking further and further as I read these comments. After 4 months of perfectly find business operations, using Stripe as our payment processor, out of no where they cancelled our account at 3:00pm on a Friday, telling us we had to find another payment processor in 5 days, which gave us until Tuesday. We emailed back requesting an explanation and told them we are more than willing to work with them in order to come in to compliance because, up until this point, we had really enjoyed working with them. No response. We worked all weekend and all day the following Monday to switch over our payment processor only to receive an email late Monday night letting us know they’ve changed their mind and have decided to allow us to stay. Hesitantly, we re-coded our website, once again, to use Stripe as our payment processor. Over the course of the next several days we received multiple emails from various Support persons at Stripe giving us completely conflicting information. One person said we were good to go, another said our attempts to be in compliance were essentially hopeless, and a third was instructing us on how to migrate our current client data over to our new processor. I finally started a while new Support ticket explaining the conflicting information and finally heard back from someone who confirmed we were in “good standing” and could conduct business as usual. Great. HOWEVER, they have not released our funds to us since January 30, 2015. We have no received a single transfer from Stripe since the beginning of this debacle. Two people have told me they are “looking in to it” and “will get back to me with answers” but we have not heard a single thing. We, like many of the people on here, are a small start up company, relying heavily on the funds we receive. I’m at a loss. They are so unresponsive, so disorganized, and so deceitful. They appear really helpful but completely leave you in the dark, instead. I am hoping they release our funds soon. It’s been almost a month!

  • Alex

    I wish I looked this up to start with, joined free agent and they suggested that I join stripe so that people can pay through invoices, makes it easier for me as Im a carpenter and most people want to pay by card or cash but card is better so I don’t have to keep going to the bank to pay in money. Anyway I send the invoice through free agent then they click the link and pay. Had an email from stripe saying they can’t verify my website, 1. I joined to get paid through invoicing through free agent if they look they would realise this. 2. It’s taken them 4 days since the payment was made to decide to put my money on hold. I wonder how long it will take them to email me back.

    • Jordan

      Alex, it took them a week to respond to me… only to tell me they were refunding all my money to the credit cards that were charged.
      I replied to that email five times and they never bothered to reply to me again. Closed my account and refunded the money. I had to manually contact my clients and ask them to re-submit payment through paypal. Even if they decide to unlock your account, I would get out as soon as I could. I went with Paypal, fees are ok… but most importantly it works and the customer service is phenomenal. I asked stripe for a phone number so I could call them, they told me they don’t handle customer service over the phone. This service is… well, not much of a service. Good luck to you!

    • Toni H. Thom

      Have you heard back from Stripe? We are experiencing an unexplained funds hold as well. They have not released funds to us since January 30th. We emailed on February 11th and have yet to get an explanation.

      • Alex

        Yeah, they emailed yesterday apologising and saying the funds will be in my account within 7days. I’ve asked them to close my account once the funds are with me and ive moved over to world pay

  • jasmine

    This company sucks ive been waiting for over a month to get my money and all they make is excuses as to why the transfer didnt go through and then they urge you to contact your bank when the bank has nothing to do with it. Alot of peoples businesses have gone down the drain because of them and not to mention they ignore your emails and they randomly shut peoples accounts! its an awful company, I should have stuck to paypal.

  • Eff

    I am fundraising through gofundme which uses Stripe to process payments. Mid way through my campaign, Stripe tell me that they are terminating my account because I pose a high risk. I have been given no explanation whatsoever about this supposed ‘high risk’ and I cannot use another provider on gofundme so will have to cancel my fundraising page. I am raising money to work with orphans in East Africa and this happens? I am totally shocked and sad about this.

    • Simon Fielding

      They did exactly the same to me the other day and I’m desperately trying to open up some form of discussion with them. It’s absolute nonsense as we’re an online store selling massage products, nothing inherently risky about us at all.

      Not easy to discuss anything with them WHEN THEY HAVE NO PHONE NUMBER AND DON’T ANSWER EMAILS!!! What kind of company doesn’t have a phone number? The kind that know they’ll have lots of angry people ringing them.

  • Jordan

    I am shocked, I received an email two weeks ago from STRIPE stating that they were refunding all processed funds to my customers because of (what appeared to be) unauthorized charges.

    There was a days notice between them draining my account, refunding the money to my subscribers, and closing my account.

    I provide an audio production service… nowhere in their terms does it state there is a problem with any such service. I scanned my STRIPE customer log and found nothing even remotely fraudulent.

    Now, I have lost my lease money, my general expense fund and any glimpse of a profit that there might have been.

    Now, in order to run my business I have to have my developer re-integrate a completely new credit card processing service….. and this is going to cost me.

    During the past two weeks I have made several attempts to contact them and resolve whatever issue they have.
    There is no phone number…. I have emailed four times in two weeks and have not heard back from them.

    THIS IS CRAZY – How can a company like this just shut you down over assumed business practices?
    If they would reply to my emails I could have navigated through my dashboard with them and shown them there is clearly no fraudulent activity happening.


  • Jag

    I completely agree with Sierra. Sharing the same feeling. Stripe is killing lot of start up businesses. NEVER TRUST STRIPE FOR YOUR BUSINESS. STAY AWAY.

    Stripe my customers. Infarct, since it is a startup , all the customers are loyal and had long term tala tigons with them
    All of sudden stripe sent the below message and refunded all money. Scary thing, it’s unsure whether you customers really received refund.
    Stripe mail.

    Stripe provides a service between banks and our users. In order to provide service to our users we are urged by our banking partners to keep an eye on all accounts that sign up for our services. In the process of keeping an eye on your account, we’ve noticed that you’ve processed charges that seem to be unauthorized. In order to make charges with credit and debit cards the owner of the card must consent to the charge. Charges on your account do seem to lack this consent which unfortunately means that we will no longer be able to offer service to your website.

    To guard against currently pending charges that may be unauthorized by the cardholder we will be refunding all charges that have yet to reach your bank. If you’d like to recollect these funds you will need to reach out to your users and arrange an alternative form of payment.

    I do apologize that your Stripe service will be ending so abruptly but our hands are unfortunately tied.


  • N

    I’m a consumer who was warned by the retailer processing my payment through Stripe that although he does not save credit card information, Stripe does. Is that accurate and how can I prevent that from happening? I’d like to purchase the product.

  • Roy

    Don’t have idea if Stripe are scammers or not …. but after I received 2 orders on my website and the payout were scheduled to be sent on July 9 , I received an email from Stripe saying : “we’ve noticed that you’ve processed charges that seem to be unauthorized. In order to make charges with credit and debit cards the owner of the card must consent to the charge” Anyone received the same email from them and after that the customers were refunded and stripe account closed ? Is really weird.

  • C ranklin

    Has anyone been able to get a normal “bank” statement from Stripe like you receive from every other financial institution in the world? Why is this a foreign concept to provide a month end statement of activity? Am I missing something?

    Thank you

  • Jerome

    Stay away from this company, definitely a FRAUD company.

    They emailed which i pasted below, they have clearly allowed the my customers to get charged and now they are keeping my money and not receiving any response to any of my emails. If you are a starting business, never trust this company, or you will have a BIG BIG headache. Bunch of thieves!!!

    Hi Jerome,

    Thanks for using Stripe! We periodically review accounts and your account recently came up for review.

    In reviewing your account, it looks like the payments you’ve processed with us so far have been entered manually through manage. Stripe isn’t a virtual terminal, so this isn’t its intended use; we can better serve you and your customers when your customers give you their credit card information via your website, or perhaps through one of the invoicing applications that integrate with us.

    Given that you are manually keying in transactions at this time, we will need to review invoices for the payments accepted to date. Would you mind sending along this documentation at your earliest convenience?

    We will need to confirm this information before we can transfer payments to your bank account. Please let me know if you have any questions.


  • Steve Cormier

    Worst Customer service ever. No Phone number. Under no circumstances, you should use them. We were prompted to use them thru our on line store Big Commerce. Wost mistake EVER. They have accepted to credit card charges for a total of $1160.00 and for some reason, don’t have the ability to get our account set up.


  • rick

    Refused to service our card business because they dont like weapons. We sell mace and pepper spray along with other self defense products. See e mail from them below…….

    Thanks for signing up with Stripe!

    Unfortunately, we will not be able to help out with payments for bodyguardsecurityproducts.com, as the site is in violation of our Terms of Service, section B.5 (“Prohibited Businesses”). Specifically, we are unable to accept payments for weapons — which includes pepper spray — as described here:

    These restrictions come from our banking partners, and so sadly we have no flexibility here. It’s frustrating for us to have to turn away businesses, but in this case our hands are tied.

    I’m sorry we won’t be able to help beyond this point; please let me know if you have any questions.


  • Brian

    Do not I repeat do not sign up for Shopify Payments aka STRIPE. It is a scam as others are stating. Avoid at all costs. Use another credit card processor.

    I was using North American Bancard as my processor for 15 years prior to starting a small subsidiary website @ shopify.com. I never had 1 problem in 15 years with NAB. My credit card payments were always deposited in a timely manner, and the correct amount was deposited and I never had my money held or had any charge-back issues, not once.

    Well, after using STRIPE for 1 week, I have encountered 3 major problems that I never encountered with any prior processor going back to 1996.

    1) my 2nd sale for $1100 is being held for 60 days, they are stating it is fraudulent. I have provided them with information stating it is not…so far I have not received any timely response concerning this matter.

    2) my 2nd payout to my bank account was the incorrect payout amount, and was incorrectly itemized
    in my Shopify “dashboard” which shows you everything related to your shopify.com hosted website including individual sales.

    3) my 3rd and 4th sale occurred on 2/21 and 2/22, the money was deposited on 2/28 = 6-7 days later. This is not acceptable. This could be a big reason on its own not to sign up for STRIPE.

    The customer service for Shopify and Stripe sucks to say the least. No one seems to know anything or is of any help. It’s always “someone else is working on it” or “so and so will get back to you” or “it’s been kicked up to another department for review” etc etc

    I have provided Shopify with detailed information on all of the above issues and have not received any positive response or a solution, as of today 3/2/14

    After 10 days I have deactivated STRIPE. I repeat to all who read this. Do not sign up for any of the 3 programs offered by Shopify and use STRIPE for your credit card processing. Pay the $79 for the Pro level and pay a 1% service fee or pay the $179 Unlimited fee and use another processor at 0% service fee, but do not sign up for STRIPE. I am saving you time, money and aggravation.

    After I signed up to use Shopify as web host in early January I started using Paypal Payments Pro to handle my processing and that worked flawless, not one problem, 5 Star rating. You receive your money instantly in your account. You do not have to wait 1 week to receive your money as with STRIPE. I am switching back to Paypal Payments Pro or another processor like NAB to handle all my credit card sales at my Shopify website.

  • Joanie

    So far not too good. I glad I am testing my site before going live. There are server issues and no support.
    I wish I had taken the time to read reviews before I agreed to using Stripe for my web based business. Good thing is I can still change providers.

  • Olya

    This company is FRAUD. This is my letter to them, I hope you will understand everything from it:

    Stripe Team,

    First of all, I’m very disappointed in your customer service. You do not stand behind your customers. You are not replying in time. You were lying about the status of my account by saying that you want to transfer me the money back.

    Second,you closed out the dispute without even considering the documentation (Customer’s signature upon receiving my product). Nothing was explained to me.

    Third, I consider your company as a Fraud and I’m not allow you to deal with my financial institution & my funds. I don’t owe you any money.

    Forth, 80% of reviews that I have read about your company indicate that you are “fraud”. I’m going to post my reviews about your company and share my experience as well.

    If you are not agree I will take a legal action against your company. I can easily proof that I’m right. My customer did received my product, signed upon receiving my goods, etc.

    Thank you for understanding.

  • Scott

    Very disappointed in Stripe’s customer service. They do not stand behind their customers but rather the consumer when it comes to disputed charges. They closed out the dispute without even considering the documentation (signature from UPS) Will be looking for a new gateway.

  • Meredith

    I’ve had a merchant account for years, with not so much as a single problem. I’m now trying to consolidate all my processing under one umbrella that will work with my main site as well as Shopify. Our processor of choice is taking a while to get going, so I decided to try Stripe as a stop-gap. It was easy enough to install, and the customer service folks assured me via email that we could authorize-only. I did a test-run, charging my own card for a small sale, and unfortunately, just as Sierra said, the sale was captured. I talked to Shopify support, and they verified that my settings are correct, but told me that Stripe had something set on the backend that they could see set to capture, and he (the Shopify rep) was quite concerned. I emailed Stripe and asked for help, but have heard nothing back after three follow-up attempts. Indeed, this feels quite ominous to me. Having just gone through a “real” merchant account application, this was too easy, and while I should pass with flying colors, the fact that they’re capturing when they assured me they wouldn’t, and now basically “not answering the phone” is highly concerning. y new store isn’t open yet, and I think I’ll keep it that way until the real processor is up and running. This isn’t worth the risk.

    *****Before I even got to actually post this, I heard back from Stripe…. it seems they say that SHOPIFY does not support authorize only.. that’s right, they’re blaming the problem on Shopify. They told me:

    “I’m afraid that doing this via Shopify would not be possible, as it is not currently supported by that platform.

    It sounds like in your case you would want to go ahead and capture those funds before your work on the custom piece is completed, and then make sure that your customer is well informed of the timeframe that it will take for you to complete and ship the piece.”

    Yup, Stripe encouraged me to circumvent Visa/MC rules. I also quite plainly TOLD Stripe that I was on Shopify when I asked them about authorize only in the first place, so this is really interesting. I forward this entire email to my support guy at Shopify – he was not amused. Well, I won’t be using Stripe. Too bad, they were a nice interim solution.

  • Sierra

    I am a single mother of 4 children that decided to use my last $2000 to start a business online. I am not able to get a job due to many factors, and I have a business with fantastic potential. Well, that all fell apart when I decided to try using Stripe, who took $450 of my $2000 and ruined my business before it could even get off the ground.

    I was reluctant to try Stripe payment processing because of all of the negative reviews I have read. Let me tell you, if you are considering opening an account with Stripe, please believe that they will most likely rip you off, lie to you about account status, and take your money. This is a new company in the financial world that clearly is trying to lure customers in with promises of instant approval, only to take your money and close your account with no warning. And if you are an honest business person who ships orders quickly like me, then you will also be out for the cost of the product you shipped to your customers.

    So here are the details of my story to back up my claims:
    March 1, 2013 –
    I sign up for Stripe and provide standard information. Confirm email address. Because of the bad reviews I have read I decide to wait a few days before implementing Stripe.

    March 4, 2013 –
    I send follow up email:
    Hello there,
    I signed up last week and I wanted to check to see if the account was fully active and ready to begin processing payments. Can you please tell me if I am fully approved? The account is under [email protected].

    Stripe response from same day (from Naomi):
    Your account is fully active from the time you activate it so you’re good to go with us :-)
    All the best,

    I reply the same day to double check because of the bad reviews I have read. I wanted to make certain that I could begin charging customers. I write:
    Thanks but I thought there was an underwriting process..? I just want to make sure there will not be any issues once we start charging out customers because I have read some bad reviews and it spooked me a little bit. Thanks for the quick response by the way!

    Stripe response same day (from Naomi):
    No problem :-)
    We reserve the right to review your account at any time, but you can take payments immediately once you activate your account:

    If you click the link you will also read Stripe claim:
    It takes just a few minutes to activate your account by providing some basic information about you and your business. Once you’ve activated your account, you can begin running real charges immediately.

    At this point I feel that enough time has gone by, with assurances from the staff that I can begin charging customers.
    March 5, 2013 – First succesful order charged using Stripe. I notice that Stripe automatically charges the customer instead of ‘Authorizing’ and then later capturing the funds. I am ‘by the book’ and am concerned so I again reach out to Stripe:

    I do have a question though because I see that the customer was charged right away. I double checked our shop setting in Shopify admin and we have the option checked to “Authorize Only”. We do not want to actually charge the customer until the product ships which is best practice. I do not see any settings in the Stripe admin to change this. Any ideas…?

    Stripe response:
    Stripe doesn’t actually allow authorizations so that setting in Shopify won’t work with us.

    Hmmm, okay this sounds kind of strange and phishy to me…. I wonder why….

    There would be two more orders to go through for a total of $450. I purchase the products from my suppliers to fulfill the orders. I am trusting at this point that I will see my money from Stripe in 7 days (as they promise).

    March 5 & 6, 2013 – All 3 orders were shipped to customers and are in various stages of delivery. Customers are provided tracking numbers, everything seems good, until…

    Received email from Stripe (from Lucy) –
    Unfortunately we won’t be able to help out with payments for openboxsavings.com, as our banking partners prohibit us from helping with payments associated with a business we’ve had to reject previously.
    Sadly we have no flexibility here. It’s frustrating for us to have to turn away businesses, but in this case our hands our tied.

    Weird. I think that maybe they accidentally sent me this email or just made a mistake.
    So I reply:
    I never applied before, what do you mean?

    Stripe reply (from Maria):
    Thanks for your email and I am sorry about this situation.
    Unfortunately, you account was associated with several we have previously had to reject in one or more ways. This might not be 100% accurate, but our banking partners require that we follow these security procedures. You will have to find another way in which to accept payments from your users.
    All the best, good luck on your business,

    I like the part where she says “This might not be 100% accurate” and how I am wished “All the best, good luck on your business”. I can’t help but think she is writing that in a sarcastic tone because she knows that luck is the only thing that can save me at this point.

    My response (to Maria) –
    What about the few charges that were made and the balance in the account? I have already paid for the goods and shipped the orders (I have tracking numbers if you need).

    Response (from Maria) –
    I am sorry for the trouble, but you will have to find alternative forms of payment from those customers. There is nothing we can do.
    All the best,

    Okay wonderful, so first you cancel my account after I made certain the account was okay to begin charging customers. I don’t have any alternative payment methods except if the customer mails me a check. I am sure they are going to get right on that (after they have already received their product). And wouldn’t that sound incredibly “scammy” for me to contact my customers and ask for a check? I give that about a 1:1000 chance of actually getting paid.

    My reply:
    What?! You mean you are keeping my money? You have got to be kidding me!!

    Response (from Maria) –
    Thank you for your email and sorry for the confusion.
    We are not keeping your money. We are refunding each payment to your customers.
    All the best, good luck on your business,

    Wouldn’t it be a good idea to inform your clients in the first “our hands are tied” email to explain that the customers are being refunded? I mean, do I really need to inquire about this and dig up the information. At this point time is of the essence because if what Stripe says is true and they are refunding my customers, then I am now up against the clock to try and locate these shipments before they get delivered.

    They also do not acknowledge the fact that I have tracking numbers, nor do they seem to care. I still have no idea how I am going to handle this situation and my choices are to either have the product delivered and beg for a check to be sent in the mail, or try to stop the shipment before delivery, then make arrangements to ship the product back to the supplier. In this case, the customer will not receive their merchandise, and unlike Stripe, I care. So I guess my only option is to let the product deliver and hope to get paid.

    My response:
    “So will they have already seen the refund on their statement? Because obviously they are not going to pay me with any other method if the charges are still showing on their statements. Do you have proof that the refunds have happened.

    Your process is completely backwards and Stripe is causing unecessary problems. You should never tell someone that they are approved and good to start charging, wait until charges are made, and then cancel/refund orders when goods have already been shipped. Clearly it is an attempt to lure in honest business people with an ‘instant approval’ which really is not instant. I double checked before starting to charge customers with your company and was reassured.

    Don’t tell vendors they are approved if they are not. You really have no clue on your side how much havoc this creates.”

    Do I get a response? Nope.

    So, if any others have a similar experience then I recommend writing about it. I am leaving my contact information for an attorney who is investigating a class action lawsuit against Stripe. These business practices are detrimental to small businesses like myself. As I mentioned in the beginning, I had only a couple thousand dollars to try and get this business going. I feel like it coould have provided enough money for my entire family to get by. But now, I have had 25% of this money taken from me, and have also spent 2 days trying to rectify this mess. I don’t know if my business will make it now, because I need to pay my supplier for the goods before I ship products out.

    In my opinion the root cause of all of this is that Stripe is trying to gain business from Paypal. They are trying to streamline the setup proccess and make it faster than Paypal. In my case, Stripe is pre-integrated with Shopify and the setup process was very simple. But, this is a deceitful advertising and business practice that Stripe is doing. They are willing to wreak havoc after the fact and cancel customers if it means that they can quickly sign up thousands of unsuspecting new customers.

    My final email to Stripe:
    As I mentioned before I will be posting on the websites I mentioned and will certainly email you links once posted. I will also place comments on blogs with this same topic and attach myself to any civil or class action lawsuit (believe me it is coming if there isn’t one already). Shame on your company for poor business practices, you are truly showing that you are rookies in the world of financial business practices. As you can read, I am well spoken and will share my story with the world. I hope to pursuade as many people as I possibly can to not use your services and I truly hope that can translate into thousands of dollars in lost business for Stripe.

    Thank you,
    Stripe Enemy #1

    If Stripe were a responsible business, then they would take your application, process it for however long it takes (3-5 days maybe?) and then give you a response. But because they are greedy and sneaky, they tell you that your account is “fully active from the time you activate”. For me this was March 1, 2013. I am just thankful that I was smart enough to trust the other reviewers out there to not jump in so fast. If I had starying charging my customers right away, then Stripe would have taken all $2000 from me and I would be completely broke and shut down for good.
    If you are a lawyer who is considering legal action against Stripe, then please contact me at [email protected]. If this email address can not be posted, then reply to me in the comment section and I will find you.

  • Tommy

    I should also mention that the system we use (WHMCS) also has a type of anti-fraud plugin (MaxMind which is free), it helps block fraud which is very common now a days, PayPal, for example, has fraud prevention built in and was built for E-Bay when they first started and best for shipping goods like you do Harry… Stripe seems to be geared toward web businesses such as web hosting providers, membership sites, etc. … While we have very few problems with PayPal fraud, customers can still open PayPal disputes which we almost always loose because they require a shipping confirmation but since we deal in digital goods there is no shipping label.

    It’s now been several months and Stripe is still doing great, no problems and payments still come in like clock work., always on the 6th day unless it falls on a Saturday or Sunday, in that case we get them on that Monday

  • Harry Harbach

    First transaction on shopify. Payment received via stripe and I was told to ship. I validated my account and shipped my package. Then I received an email that stated that they could no longer do business with me because I’m reselling name brand electronics. Fair enough, I”m okay with that.

    Then a few minutes later I get a message that they wont be able to transfer my funds because the successful transaction was likely done with a stolen credit card.

    Okay…. well that’s interesting and there is insurance to protect the consumer so I assume I’ll be made whole as well. So I try emailing back to discuss with swipe….. nothing….. So, I go to their site and look for the customer service line….. nothing…. now I’m feeling like I’ve been scammed….

    So…. I send another email to their only contact information available… nothing….

    I would recommend going another route if your a small business.