Collect for Stripe

This is my personal experience using the Collect app: I initially downloaded Collect because it advertised compatibility with Stripe Terminal. What I did not realize—and what I believe the app does a poor job of making clear—is that Collect is not required for Stripe Terminal payments. However, the way the app presents itself made me think it was required in order to process transactions. Because of this misunderstanding, I used Collect to process about $65,000 in payments, only to later discover that the app charges an additional 1.2% fee on top of Stripe’s own processing fees. I didn’t realize this until after the fact, and the extra fees added up to $783 I hadn’t expected. If Collect had been transparent about these extra charges—and about the fact that the app is optional for Stripe Terminal—I would never have used it. This has been a very costly and frustrating experience for me, so I’m sharing this to help others avoid the same mistake. My advice: DO NOT download this app unless you fully understand the extra fees you’ll be charged. You’ve been warned.

After in use for a few days, Stripe decides to completely shut down my account without any explanation. They kept over $7000 to themselves. I did submit my appeal which proves my business is legit and active for over 2 years , even with their invasive request of past 6 months business bank statements, and they still denied me. They claim they are holding the money and will refund my clients in SEVEN DAYS. They play this game with the sellers so they can keep their money, use the money for investments and then refund a week later. Ridiculous and absurd. This company should be shut down and owners should be in jail.

After having being disappointed by almost every processor out there for our business, collect for stripe’s interface is simple and accepting of all payments. Simple. No discrimination. Thanks Collect for Stripe for saving me from another daily headache with other payment processors. Wheeew!!