I'm posting this as a warning to other small business who might be thinking of using Stripe to process payments. I own a small boxing gym & we signed up with Stripe based on recommendation of someone I know. At first everything was great - easy on-boarding process, clean interface, etc.. We have been working w/ them for 4 months & have several hundred payments without a single chargeback.
Then out of the blue I received this email:
[b]"Our systems recently identified charges that appear to be unauthorized by the customer, meaning that the owner of the card or bank account did not consent to these payments. This unfortunately means that we will no longer be able to accept payments for
Refunds on card payments will be issued in 5–7 business days, although they may take longer to appear on the cardholder's statement. Please refer to your dashboard for a list of the charges to be refunded[1]."[/b]
I have NO idea what payments they could possibly be referring to & support doesn't respond to my numerous messages. They won't tell me which payments are being refunded (dashboard link they provided just sends me to the list of ALL our payments).
Worst of all, when I attempted to process a refund for a customer who had been injured & was unable to continue training, I get an error message stating I am unable to process refunds! Am I supposed to tell my customer that my payment process won't refund his money? FYI - The payment I am attempting to refund HAS NOT been paid out yet - the money is sitting in my stripe account - but they refuse to refund it or even dignify me with a response.
I can't express how disappointed I am in Stripe's total lack of communication and indifference both it's customer's and our customers. Big, BIG mistake I made in choosing them as our payment processor - just warning you guys before you make the same mistake
Horrible experience. I'll still use Stripe for the convenience and hoping that they improve the situation with these kinds of potentially life shattering account locks and provide more humane customer service