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RESOLVED: Stripe, Substack Demand Financial
Details from Authors

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Posted By: FlyRight, 3/28/2024 6:25:28 PM

Stripe, the only payment processing and credit card transaction vendor allowed by Substack, has recently begun selectively requiring financial details from certain Substack authors under threat that if those details are not forthcoming then the authors and their Substack-based businesses will no longer be able to process paid subscriptions. Or to put it another way, “thats a nice Substack subscription business you have developed, it would be a shame of something happened to it”. Ergo: Stripe will demonitize those who refuse to allow them to have access to their financial records and details.

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Reply 1 - Posted by: plomke 3/28/2024 6:32:23 PM (No. 1687899)
You knew it was coming. They will shut you up one way or another. This is what we get for not paying attention to who and what we let run things. I'm beginning to understand the attraction to crypto currency...
11 people like this.

Reply 2 - Posted by: thethirdruffian 3/28/2024 10:53:03 PM (No. 1688018)
Bank with a “sweep” account or several. Basically, have a singular account for a nosy entity like this. The only other transaction is a payment out once a week to another account.
0 people like this.

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RESOLVED: Stripe, Substack Demand Financial
Details from Authors
2 replies
Posted by FlyRight 3/28/2024 6:25:28 PM Post Reply
Stripe, the only payment processing and credit card transaction vendor allowed by Substack, has recently begun selectively requiring financial details from certain Substack authors under threat that if those details are not forthcoming then the authors and their Substack-based businesses will no longer be able to process paid subscriptions. Or to put it another way, “thats a nice Substack subscription business you have developed, it would be a shame of something happened to it”. Ergo: Stripe will demonitize those who refuse to allow them to have access to their financial records and details.
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Posted by FlyRight 3/26/2024 3:56:53 PM Post Reply
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