Hi! in today's video, we are going to talk about how to avoid your Stripe, Square or PayPal account being suspended, terminated or shut down. These are 3 of the biggest companies in the online payments space and they dominate eCommerce. Although they are quick and easy to set up and use, they represent a risk to your business because they can shut your account without having to provide an explanation. In this video I will provide you with both simple and long-term solutions to ensure that your business can keep operating even if you get affected by account termination. Keep watching until the end where I have some bonus content which will help you to understand what triggers account termination, and what you can do to avoid or minimise the risks.
[TIMESTAMPS]
[0:00] - Intro
[0:41] - How We Got Here!
[2:31] - High Risk Businesses
[3:10] - Accounts at Risk of termination
[4:53] - Additional Risks 1
[6:35] - Additional Risks 2
[7:33] - “Elevated” Risk
[8:15] - Admin Risks
[10:10] - Triggers for Account Termination
[12:12] - Consequences of Account Termination
[12:50] - How Can You Fix These Problems?
[15:54] - Summary
[17:33] - Bonus Content
[CONTACT]
- Get in touch: digitalmoneylab.com
- The Payments Show Podcast - thepayments.show
[LINKS MENTIONED IN THE VIDEO]
- Episode 47 with Maria Sparigis, DirectPayNet - bit.ly/3rSuUOv
[IMAGE CREDITS]
- Org Chart Image by Gerd Altmann from Pixabay
- Other images from Pexels
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