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by puntofisso 1263 days ago
What scares me is that there's very little in terms of user rights, and where entire businesses depend on it, things might get very bad very quickly.

It's not just Stripe by the way: I had my own issue with PayPal (luckily, not very serious as I only had $8 in the account): https://puntofisso.medium.com/paypal-closed-my-account-with-.... And, famously here in the UK, Richard Davey had the same with a high street bank, HSBC: https://medium.com/@photonstorm/hsbc-is-killing-my-business-....

Most of these incidents are caused by entirely misplaced anti-fraud regulation, which is based on assumptions that come from a different era in which transaction were mostly national, mostly predictable, mostly referring to a set of easy-to-understand products and services.

I wonder if what we need is to advocate for new policies and regulations with our respective national legislators.