u/Vendelf

1. Stripe approved 5 fraudulent accounts (from Indonesia)
2. These fraud accounts created fake vendor and customer accounts on our platform, and proceeded to use fraudulent credit cards, which Stripe approved
   1. After learning about the fraudulent activities, we blocked their IP addresses and deleted their accounts and transactions
3. BUT Stripe closed / permanently banned our account for fraud activities

Then I learned "Stripe relies on automated, risk-based models that often approve accounts instantly and evaluate risk retroactively. If connected accounts or transactional patterns trigger fraud or compliance thresholds later, Stripe frequently shuts down the main account rather than absorbing the liability"

So Stripe provided ZERO fraud protection and detection for us. They approve fraud accounts and then blamed us for the fraud.

We're now looking at paypal and other alternatives ..... sigh

Hi Everyone;

I wanted to let you know about a new ecommerce platform, Vend Elf (vendelf.com), which is an ecommerce platform for the cottage industry, helping small businesses sell high-quality, low-inventory goods and services while making it easy for customers to shop local.

It's free and only charges 10% (before tips) per transaction.