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Oliver G.

Toronto, Canada

Contributor Level

Total Points
80

1 Review by Oliver

  • Stripe

2/17/24

Friends, use caution with Stripe. We are all tight on money, and after finding that a customer had charged back for 4 months of service to paypal, I was essentially left without a way to process funds without first paying back $200 to PayPal. The fail to disclose a mandatory hold on your funds for up to 2 weeks or 10 business days before releasing the funds into your account - which isn't an instant process, as I had become accustom to with paypal. The need another 5-6 business days to wire money, so 16-17 business days before seeing a measily $180 USD. Sent by a relative as I am in dire need of money here in Canada.All business models assume some risk, but stripe holds you money hostage for a long time. I was not told at all about the "mandatory hold of money" nor was I told about the mandatory transfer time for a wire transfer. So if they have to hide facts, I'm be very careful using this service to process money. You'll be better off using PAYPAL.

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