11
Stripe will no longer accept the e-cigarette industry. x-post from electronic_cigarette
submitted over 10 years ago by not_a_deputy

> Hi <not_a_deputy>, > > While we hate to give you anything less than a great experience, it does seem that your business is in violation of our Terms of Service, section B.5 ("Prohibited Businesses"). Specifically, we are unable to accept payments for e-cigarettes and related products as mentioned here: https://stripe.com/terms#prohibited-businesses. > > These regulations come from our banking partners, so we sadly have no flexibility with them. That said, we understand that there may be some work involved with moving your business away from Stripe, and we’re happy to help out with this process by giving you 5 days to switch to a new provider. After that, you won’t be able to accept new charges on your account, but we will continue making transfers to your bank account until you receive all of your funds[1]. > > I'm very sorry that we have to turn away your business, and we wish you the best of luck moving forward. > > Best, > Delaney

Pretty shitty, but they've been a hell of a lot more decent about it than some of the other companies I've come across. Just letting you guys know to avoid stripe.

Comments
Sort
1 points
 
by dontgetaddictedover 10 years ago

Seems like Authorize.net is the best choice right now for vendors. They have a nice set of API's at least.

1 points
 
by vapingatfiftyover 10 years ago

Authorize.net is a gateway, not a merchant bank. Gateways don't care what you sell, they just bill for bandwidth and CPU time. Merchant banks are the ones who handle the money, and decide what they will, or will not allow.

Stripe, who processes for Shopify, has never allowed e-cig sales.

Stripe is just Wells Fargo.

2 points
 
by TheMFDrezover 10 years ago

> Stripe is just Wells Fargo.

Just you wait, Wells Fargo will be Marlboro aka Altria, which in turn will be Comcast, EA, Monsanto, and somewhere a few corporations later, Satan.

1 points
 
by vapingatfiftyover 10 years ago

That would scare me.

Wells Fargo actually recommended investors look heavily into the e-cig industry last year as it has huge growth potential.

1 points
 
by Mastrikover 10 years ago

FYI, Authorize.net is the same way and has been for years, as long as you don't tell them you're selling e-cig merchandise they seem to not actively check, but if you are reported it will be messy as they freeze accounts immediately and take forever to sort.

EDIT: Although the new Terms of Service published this year doesn't mention it specifically, it no longer specifies tobacco either, so I'm not sure if the rules have changed but as of October of last year they were still in effect,

1 points
 
by sliover 10 years agoTobacconist

Nicotine isn't mentioned on their list. Unless a vendor is saying a vape will 100% absolutely make you quit smoking, I don't see how they fall onto that list at all without some sort of mental gymnastics.

That said, DIY supplies certainly don't seem to fall into that list. I smell bullshit.

0 points
 
by robpbbover 10 years agoProud Sidebar Reader!

TFA is still accepting Bitcoin :-)

I'd be more likely to spend at a vendor that takes this as form of payment.

If Stripe doesn't want to play ball I'm sure BitPay and Coinbase can step in here!

1 points
 
by desktop1648over 10 years ago

Finervapor.com accepts Bitcoin as payment option.

Site copyright © 2025 DIY Compendium. Data courtesy of Reddit.