Is Stripe Treasury still beholden to Stripe's list of restricted businesses?[1]
A few years ago I started a company with some partners and we signed up with Stripe Atlas. At the end of the lengthy application we got rejected by Stripe because our business falls under the "regulated" category. Even though we didn't need credit card processing, just ACH, and the former is seemingly where these list of prohibited businesses come from.
We ended up going full steam ahead with Dwolla instead. Although the developer experience is not as polished as Stripe, they don't discriminate against fully legal businesses that should be allowed to bank and transact like any other.
A few years ago I started a company with some partners and we signed up with Stripe Atlas. At the end of the lengthy application we got rejected by Stripe because our business falls under the "regulated" category. Even though we didn't need credit card processing, just ACH, and the former is seemingly where these list of prohibited businesses come from.
We ended up going full steam ahead with Dwolla instead. Although the developer experience is not as polished as Stripe, they don't discriminate against fully legal businesses that should be allowed to bank and transact like any other.
[1]: https://stripe.com/restricted-businesses