Loading…
12
That week I invoiced $6,800 but only collected $1,200 after fees and delays...
Had three clients pay late, one dispute a line item from March, and then Stripe held $2,400 for five days over a 'security review' - has anyone else had payment processors just freeze your money like that?
4 comments
Log in to join the discussion
Log In4 Comments
rose_clark813mo ago
Didn't Stripe just get sued for that freezing accounts thing, like what happened to that artist last year?
5
evan_grant703mo ago
Yeah, that artist's case really blew up online and made people realize how risky it all is.
6
alext523mo ago
Take it from someone who got burned the same way @the_robin did. I keep a separate bank account with at least two months of expenses just for buffer now. Also, never put all your eggs with one payment processor. Have a backup like PayPal or Square ready to go if Stripe freezes you. Did you end up switching to something else after that happened?
9
the_robin3mo ago
Yeah, three months of their savings gone with no warning changed my mind completely.
1