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tejasmanohar | 5 years ago

Many of the rules aren't rules. We ran a travel company and used Stripe in the past, which is also one of the disallowed industries. We got approval from Stripe after proving that we have a negligible fraud & chargeback rate due to being focused on business users

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dotBen|5 years ago

This, one of the biggest blinkers technically-inclined founders have is that they forget or ignore that so much is relationship driven.

Rules like Stripes (+ Wells Fargos) are not interpreted like code, everything is open to negotiation and degrees of freedom depending on the relationship established.

Nasrudith|5 years ago

Those blinkers are called "not being utterly insane". The whole model of disruption is seeing a stupid practice saying. "No we aren't doing that stupid shit." watch practicioners of the existing stupid froth at the mouth and then either succeed or fail.

Seriously that is why honor based lending died to banks centuries ago. Relationship driven is a fucking stupid way to do finance.

lovegoblin|5 years ago

Yeah this is something I think a lot of people in this thread are missing: OnlyFans is probably big enough that they can negotiate their contract with Stripe.