How are we a "high risk" merchant when our business is not different from Truebill.com (subscription tracking) and Ramp Inc (spend management) a company Stripe recently invested in?
The cynical me says there is your answer right there. You are a bit to close to something Stripe invested in, or at least close enough to something they will offer as a service soon.
Or, alternatively, the business (issuing virtual credit cards to consumers, seemingly worldwide) is pretty different from truebill.com (subscription tracking, yes, but doesn't issue cards, AFAICT) or Ramp (issues corporate cards instead of consumer cards, where I would assume there's a bit more due diligence).
> Our credit card comes with a U.S. billing address, so you can unlock features restricted to the U.S or Western markets especially if you don't live there.
Isn't this just straight up fraud?
Admittedly I'm not familiar with any of the services mentioned, so correction is welcome.
>Is everyone learning from the best (cough Amazon)?
You mean learning from the 5th highest market cap company? Isn't that sort of expected? The question you should ask if why the government doesn't step in since companies will do what they can to optimize stock price.
If that actually worked as some people think it does, the corporate income tax rate would be 0%, there would be no labor laws, no OSHA, no EPA, and so on.
If they wanted the biggest part of the cake, the should keep the small businesses next to their own. The know their competitors and, in the case of them failing, they'd still be on the winning side.
As the saying goes, to make money in a gold rush, sell pickaxes.
The cynical me says there is your answer right there. You are a bit to close to something Stripe invested in, or at least close enough to something they will offer as a service soon.