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In one scenario, merchants apply for processing with Stripe and are informed that they are approved and ready to go.

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.

Founded in 2010, Stripe (stripe.com) is a web application that allows merchants to accept credit card payments through their websites.

The service is particularly tailored to merchants with web development skills who want to customize it according to their specific payment needs, and its capabilities include billing on a recurring basis, accepting bitcoin, and facilitating payments on marketplace-style platforms.

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Common issues include sudden cancellation of merchant accounts, reserves being withheld without notice, and difficulty reaching customer support in a timely fashion.

Complainants who have signed up with Stripe through Shopify also seem to have some trouble activating the “Authorize Only” fraud prevention setting, with both Stripe and Shopify blaming each other for this setting’s malfunction.

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