How Stripe can completely ruin your 6-figure business in one minute
https://twitter.com/FlurlyApp/status/1624177183626530816
Is it legal for a private company to impose a financial penalty on you without even explaining the reason?
Is it legal for a private company to impose a financial penalty on you without even explaining the reason?
As Flurly explains in the blog post, this was a fine from Mastercard—Stripe is being fined the amount.
Illegal activity happened in the Flurly marketplace, which was caused by lack of controls (which could've been avoided if Stripe Connect or a similar product was used to perform KYC and compliance).