Transaction fee is going to be what... $3,000+? Instead of a $30~$50 wire fee.

That said, I'm sorry you lost the account. As a heads up they often hold the money six months so if you're in a cash crunch you might want them to chargeback and pay via wire.

Whoever is giving a six figure pre-seed to a tech startup and doesn't know this is a bad idea is probably quite out of their depth with the investment.

This does smell of an attempt to avoid AML checks.

So you take a six figure sum as your first transaction and wonder why this happens?

Who puts that sort of thing on a credit card instead of wiring it to you? Why would you want to give up Stripe's cut?

None of this makes any sense.

certified cheque or bank transfer puts everything in the hands of adult profesionals working with established procedures, rules, and laws. It is amazingly relaxing knowing the simple formalities are as good a guarantee of success as anything in existance. ie: this works everytime, unless something realy realy horrible of fluky happens, and then THEY FIX IT, and all you have to do is nod your head and say your please and thank you's

There's even easier ways to get a Stripe account closed.

https://help.ko-fi.com/hc/en-us/articles/360007522474-Connec...

I did this and was immediately closed for "crowdfunding" by Stripe :)

Lovely company. Paypal dumped me with no explanation, and Stripe tells me to just straight fuck off and now I'm disconnected from accepting most payments. Glad it wasn't my livelihood or anything :)