Re: Stripe- When do they take a closer look at what you're selling/how tough are they
Some generic things they look for in evaluating your account>
1) Obvious one- Do you own the website- They have asked us to add a personal email to the website header to verify we had genuine access to the website.
2) Business model- This is a bit trickier as you know what sells, they just might have different opinions on it!
2) One time payment preferred over subscription based products. (people can dispute charges if they think its a recurring payment)
3) A fair & concise refund policy is critical, you may even need to stipulate a time frame refunds are permitted.
4) Make sure you descriptors make sense to the buyers, (when they check their bank statement) e.g they all track back to the website, or give information to the buyer about what they bought.
5) Large payments early on, or that are out of the ordinary are BAD, Irrelevant of how many chargebacks you get.
6) Set your account to weekly deposits- if your account is reviewed, you dont want them to hold x amount of funds for an indefinite period.
7) Stripe customer service>Bit sketchy, I tend to fix things by myself now, rather than getting a support ticket.
With Stripe> No news is always good news.
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