[Cederfjard]

> They need to nuke all their "X Verification APIs" and just manually check each and every account.

Wouldn't they then just be another one of the more old school merchant service providers, who still exist for you to use if you're open to paying for being underwritten up front? The point of Stripe et al is to be cheap, quick and easy in comparison (for the happy path, anyway) through more automation, with the drawback of these types of failure modes.

[matiasfernandez]

We've done business with many "old school" merchant service providers and none have had us pay anything upfront. The only difference is that Stripe has a better API. Stripe's onboarding is not faster or cheaper than the other merchants by "automating". In fact, time-to-first-payout is much slower, less reliable, and the fees are much more expensive than any of our other providers.