5 points | by kinj28 16 hours ago ago
1 comments
There are lots of different places credit is extended between counterparties in the credit card processing flow.
The most obvious one for processor to merchant is chargebacks. The window fo those can be up to 6 months.
Bank statements might also be used for fraud prevention and kyc requirements.
Disclaimer: I used to work at stripe but not in this area and I don’t know the specifics of why Stripe is asking for these documents.
There are lots of different places credit is extended between counterparties in the credit card processing flow.
The most obvious one for processor to merchant is chargebacks. The window fo those can be up to 6 months.
Bank statements might also be used for fraud prevention and kyc requirements.
Disclaimer: I used to work at stripe but not in this area and I don’t know the specifics of why Stripe is asking for these documents.