At first glance thought this was a case of a zealous flagging system but upon careful re-reading, I realize this doesn't seem to be an isolated case meaning this guy isn't the only one that had this happen.
Which makes me question just how credible Stripe's market valuation is. It's far likely that as we exit the era of cheap capital and expensive debt, the dominoes have begun to fall and companies are doing everything they can to horde cash. Especially when margins are razor thin.
I could be wrong but this is NOT a good sign. Any other payment processor that pulls this will immediately be sued, so why are they risking this knowing that TOS isnt the law?
That didn't stop them getting sued. Up to certain amounts Paypal/any US processor, whill automatically forfeit in small claims court.
So what OP could do is sue Stripe in their civil small claims court and Stripe won't bother sending a lawyer out as doing so would be expensive.
Up to about $10k this should be possible. I've had many success by taking shady companies that screwed me to small claims and won by simply counting on them not showing up.
Which makes me question just how credible Stripe's market valuation is. It's far likely that as we exit the era of cheap capital and expensive debt, the dominoes have begun to fall and companies are doing everything they can to horde cash. Especially when margins are razor thin.
I could be wrong but this is NOT a good sign. Any other payment processor that pulls this will immediately be sued, so why are they risking this knowing that TOS isnt the law?