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Merchants are encouraged to carefully read Stripe’s terms of service before signing up for credit card processing through this company.Hi, I’m Phillip Parker and I believe that the merchant account industry has been overrun by people who engage in fraud and deception in order to steal from hard working business owners.Overall, Stripe still maintains a relatively low complaint volume considering its ease of sign-up and its size, but the trend since our last update is a negative one.Note: We have adjusted this company’s BBB rating according to our own standards.In one scenario, merchants apply for processing with Stripe and are informed that they are approved and ready to go.After processing one or more transactions, these merchants find that their payments have been frozen and their accounts cancelled due to their business’s engagement in prohibited activities of some kind.The company has had 417 complaints filed in the past three years, with 193 of those related to the product or service, 118 due to billing and collection, 18 having to do with delivery problems, and 79 related to advertising issues.Seventy-five of these complaints were successfully resolved with assistance, while 342 complaints either were not resolved to the merchant’s satisfaction or did not receive a final response from the merchant.


Two specific problems have been consistently reported in the complaints below this review and on other consumer protection websites.Stripe was founded by brothers John and Patrick Collison, and Patrick currently serves as the company’s CEO.


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