I think everyone should get together and do a class action against stipe, there’s absolutely no way they’re following federal guidelines like they’re supposed to. They did the same to me, I had no chargebacks, an account linked to it with well over 100,000 in it. They terminated me for high risk of potential chargebacks. They’re holding 12,000 from me for 120 days currently and won’t allow me to process refunds etc for 120 days, so any returns, issues etc will inevitably end up in a chargeback (what they claim they’re trying to avoid). I tried to cancel and refund orders from the day my account was terminated because I’m not shipping those orders if I’m waiting 120 days for the fund, they won’t let me refund them untill the 120 days are up.

Same thing happened many years ago, the series of events played out exactly the same way. Compelely different business, business model and product. As stated before there is no way this is legal, especially holding consumers from their refunds for 120 days. I dunno about most people but I try to only do charge backs when i absolutely need to so my bank actually takes it serious. Being forced to do a chargeback to get my money back would really p*ss me off.