Ask HN: Are Russian customers under embargo?
With the sanctions on Russia, what impact will that have on processing payments from Russian customers?
I use Stripe to process monthly Subscriptions. Will credit card transactions bounce on their next renewal?
4 comments
[ 3.1 ms ] story [ 23.9 ms ] threadQuestion best taken up with Stripe, I think.
Ideally, they will come out with a statement of their own. When the Reserve Bank of India introduced new rules regarding recurring transactions that all banks and payment processors had to comply with, Stripe put out a page on the topic.[1][2]
[1] Recurring transactions for Stripe accounts in India (https://support.stripe.com/questions/recurring-transactions-...)
[2] RBI regulations affecting payments from India issued cards (https://support.stripe.com/questions/rbi-regulations-affecti...)
Basically it seems like for Stripe, if the customer's bank is sanctioned your transactions will fail.
Edit: there also doesn't seem to be an easy way to determine customer Bank.
[1] Declined: Visa, MasterCard Freeze Out Targeted Russian Banks (https://www.npr.org/sections/thetwo-way/2014/03/21/292565077...)
"Never turn away a paying customer."
If Stripe (and others) can't cut it, go to somewhere who can. If that means using a Japanese/Nigerian/Swiss/Singapore/Brasilian/other bank, so be it.