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Stripe was founded by brothers John and Patrick Collison, and Patrick currently serves as the company’s CEO.
Stripe has been accredited with the Better Business Bureau since May 2013 and currently shows an “A ” rating on its profile.
The company has seen a large increase in complaints since our last update, but its overall complaint volume remains low for its size.
Stripe’s transparent pricing model and simplicity appear to satisfy the majority of its clients, but its reserve policy, cancellation policy, and customer support are responsible for most of the company’s complaints.
Like Square, the company’s standard policies regarding fraud prevention and prohibited business activities appear to be cause for complaint among many merchants.
Two specific problems have been consistently reported in the complaints below this review and on other consumer protection websites.
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Stripe is similar to Braintree Payment Solutions in that it does not charge any setup fees, monthly fees or monthly minimum charges.
Interestingly, the company has also received investment capital from the founders of another competitor, Pay Pal.
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We are currently able to locate over 300 negative Stripe reviews on this and other consumer protection websites, many of which express concern that Stripe is a scam or a ripoff.