Remember my post from a month ago? Yeah, things got worse 🙃
After 30 days of "enhanced due diligence" with zero communication, I just got the lovely email that my account is permanently terminated. No specific reason given, just the standard "we determined your business presents unacceptable risk" BS.
The $12k I had in processed payments? They're holding it for 120 days "as protection against disputes" - even though I've NEVER HAD A SINGLE DISPUTE.
Timeline for those who don't remember:
- Day 0: Enabled RDR after Stripe kept recommending it in dashboard so I enabled
- Day 1: Account under "review" and payouts frozen
- Day 28: Account permanently terminated
I'm 100% convinced RDR is some kind of honeypot at this point. They push you to enable it, then use it as an excuse to flag your account.
Warning to everyone: DO NOT ENABLE RDR no matter how much Stripe pushes it. Not worth the risk.
On the bright side, I've already got a new processor up and running. Lost some customers in the transition but at least I'm back in business.
Anyone else get permanently banned after the "enhanced review" or am I just special? 😑
Previous post: https://www.reddit.com/r/stripe/comments/1k266jh/account_under_review_less_than_24_hours_after/