Payment solution Stripe deplatforming accounts that sell bitcoin hardware

5491 sats \ 44 comments \ @bitsaga_org 16 Jan bitcoin

Stripe is blackmailing me to stop selling bitcoin hardware (miners). I stood firm and now the pleb army is uprising. Unreal.

Vanguard blocking clients access to bitcoin ETFs seeing massive outflows, pressured to give in to freedom. We can pressure stripe to not deplatform businesses like myself selling simple specialised hardware (miners). Their "climate policy" (https://stripe.com/en-gb-be/climate) mentions carbon removal technologies, they don't realise the greenhouse gas mitigating potential and green energy usage/incentive of bitcoin. Is Stripe deplatforming me for selling specialised hardware even legal?

Belgian customers can no longer pay with Bancontact, by far the most popular solution in Belgium. This sucks. I guess part of "then they fight you".

You deplatform bitcoin, we deplatform you. We are legion.

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221 sats \ 0 replies \ @anon 17 Jan

The read the terms of service or take your business elsewhere arguments ignore:

its really hard to start and run a small business and 99.99% of the time everyone will go with the easiest option so you can focus on running your business and not dying. Not taking a side or saying this is right, its just true. Stripe is often one of the more expensive payment options, but everyone uses it because its the easiest. Ease > cost for almost all businesses when it comes to payments.
if the pressure is coming from Visa/Mastercard, central banks, or big powerful government entities this could easily eventually spread to most or all other major payment providers and leave few if any good options. While I love and applaud things like BTCPayServer, fully self sovereign payments are way too hard for all but the most hardcore technical Bitcoiners, which are probably 0.000001% of all business founders. Until the bitcoin payment tools get 10x better and easier most mainstream business just won't bother.

We unfortunately need fiat for now to run successful businesses. Just the hard truth.

474 sats \ 1 reply \ @gd 16 Jan

If only we had access to an uncensorable, permissionless payment network

1 sat \ 0 replies \ @justanumber 16 Jan

True, I bought my cold wallet with BTC as I didn't want my bank knowing what I was buying.

113 sats \ 3 replies \ @fm 16 Jan

LOL Is this a surprise? A fiat platform defending Fiat ? no shit... GTFO stripe

0 sats \ 2 replies \ @SeymourButts 16 Jan

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26 sats \ 0 replies \ @0xtr 16 Jan

Who tf reads TOS?

0 sats \ 0 replies \ @Eobard 16 Jan freebie

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10 sats \ 0 replies \ @stackerjim 16 Jan

Nice you tell em, fuck these legacy cucks

54 sats \ 4 replies \ @rblb 16 Jan

Stripe is behaving weird lately.

They killed opencollective virtual cards citing breach of ToS firstly by falsely claiming they were in the restricted business list, and then that their use of virtual cards were not allowed in the ToS, despite being fine with it before. This is public info posted by OC, by the way. I know also about other instances, but i won't go into details.

So at least it seems you are not alone.

We can only speculate what is going on, maybe change of management? Maybe overseeing? They are trying to appease to someone?

I wish there was an easy way to allow nocoiners to pay ln invoices without opening accounts or installing apps, like stripe but that functions only as gateway to btc o even usdt, so we could steer clear of all this bullshit.

For the next project that will need to accept fiat payments, i will 100% try to avoid stripe at all cost.

84 sats \ 1 reply \ @w3irdrobot 16 Jan

my guess is the behavior is due to pressure from the payment companies such as Visa and Mastercard. if those companies start telling Stripe they need to stop taking payments for miners or they won't let Stripe process transactions, then Stripe is going to do what they are told. Their whole business depends on those relationships. The ironic thing is that Stripe allows you to take cryptocurrency through their platform, I believe.

20 sats \ 0 replies \ @rblb 16 Jan

Very likely.

The ironic thing is that Stripe allows you to take cryptocurrency through their platform, I believe.

Stripe has two account types, the standard account and the platform account, if you are a platform, for example a markeplace, a streaming service that pays creators etc, you can pay your users using crypto through stripe. But it doesn't allow you to accept crypto payment.

22 sats \ 1 reply \ @franzap 17 Jan

They killed opencollective virtual cards

do you have a source for this? I'm interested but couldn't find it

23 sats \ 0 replies \ @rblb 17 Jan

Yes, this is the post: https://opencollective.com/opensource/updates/closing-our-virtual-card-program

330 sats \ 0 replies \ @brave 16 Jan

The Traditional finance Cabal is trying to get your freedom in control your access to Bitcoin

1 sat \ 0 replies \ @wingalt 16 Jan

If Stripe doesn't care about your business maybe it means that you need to take it elsewhere. Or they want to remind you that you should be on a bitcoin standard instead, people buying miners are not newbies happily would pay in BTC/LN to bypass the SOBs

1 sat \ 0 replies \ @TNStacker 16 Jan

We knew they would fight us. We just need to get serious about getting on the Bitcoin Standard.

1 sat \ 0 replies \ @justanumber 16 Jan

thanks for sharing. It's good to know what obstacles they're throwing at us

1 sat \ 0 replies \ @Wumbo 16 Jan freebie

Keep up the good fight.

What do you think triggered them to look into your account?

Bot searching you website for keywords
Is there a "code" for your company's products that helps identify bitcoin merch?(https://www.cnn.com/2022/09/11/business/visa-mastercard-american-express-gun-purchase-code/index.html)

0 sats \ 0 replies \ @Zenul_Abidin 17 Jan

Are they forgetting that social media platforms like X use even more watts than a single miner?

PS: Show them https://bitcoincleanup.com - it debunks many of the energy myths people spout about it.

0 sats \ 0 replies \ @lunanto 17 Jan

Let them go, they need us, we don't need them

0 sats \ 0 replies \ @cyberpunk02 16 Jan

Can we create a list, maybe a DNS black list? so that we can just run it and know that we are not using services which are not friendly. Then bring others into our networks! Muhaha

0 sats \ 0 replies \ @thebullishbitcoiner 16 Jan

Fiat rails closing left and right. Good thing we have Bitcoin.

0 sats \ 0 replies \ @0xtr 16 Jan

Accept BTC only with BTCPayServer and give your customers a guide on how to acquire some sats if they don't have any (I'd expect anyone that wants to buy a miner to know how to acquire sats though)

0 sats \ 0 replies \ @OT 16 Jan

There should be some alternatives to stripe right?

0 sats \ 0 replies \ @Malachi17 16 Jan

Things Stripe Deplatforms:

Puppies. Churches. Free Speech. Jesus. Trump opinions. Book Sellers Abraham Lincoln

Basically anything that whispers freedom or goodness.

0 sats \ 0 replies \ @OneOneSeven 16 Jan

"Bitcoin doesn't need you, you need bitcoin."

Nice.

Stripe: "I can fight you"

Bitcoiners: https://s.yimg.com/ny/api/res/1.2/ww9L.Lm0i1mbDUNw6gTJag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM0Mw--/https://media.zenfs.com/en-US/homerun/elle_570/73bf2eeb3a67be5b989f6f5ac486ca0f

0 sats \ 0 replies \ @grayruby 16 Jan

Probably because BTC/LTN is a better payment network than Stripe.

0 sats \ 0 replies \ @fm 16 Jan

loved your heather solution..

Do you need a tester in EU ? :)

0 sats \ 0 replies \ @theswissroadtocrypto 16 Jan

I like this sentence 'You deplatform bitcoin, we deplatform you.' yeah agreed, like there is kyc and kye, know your exchange or here your provider. you don't like btc, well we can use your services, we won't accept you, sorry

0 sats \ 0 replies \ @OriginalSize 16 Jan

I suspect this is coming from anti-fraud. As otters have said, this niche enough that selling for sats (maybe escrowed) should become standard.

That being said I bought a blockerupter a few years ago as a souvenir and the seller preferred fucking PayPal. We're still early. Thank you for doing your thing and fighting the good fight!

0 sats \ 0 replies \ @SpaceHodler 16 Jan

Is Stripe deplatforming me for selling specialised hardware even legal?

Under natural law it is, unless the contract says they won't do that.

A positive development. Yet another reason to use bitcoin what it was made for.

0 sats \ 0 replies \ @Gian 16 Jan

Stripe: bank slave....wof wof

0 sats \ 0 replies \ @beorange 16 Jan

Why don't you accept Bitcoin payments? Stripe deplatforming you shouldn't be a problem, just a proof that change is underway.

"Eat your own dog food"

0 sats \ 0 replies \ @0xbitcoiner 16 Jan

https://etcetaljornal.pt/j/wp-content/uploads/2016/10/bordalo-05.jpg

Spripe [ Take This ]

0 sats \ 0 replies \ @ssaurel 16 Jan

What a shame!

0 sats \ 3 replies \ @Natalia 16 Jan freebie

if more people learn about Bitcoin, stripe wouldn't even dare to charge 4% fee and deplatforming accounts.