They Hold "Your" Money way to long and charge exorbitant fees. Pity you cant give them a 0 star rating

They could have at least bought me dinner first.

Holds your money 7-14 business days for "security purposes". Honestly I think Ill move my accounting from xero as well for harassing me with this organisation.

The hook promoted by Xero was that clients' invoices get paid faster as it gives them credit card options. I very much regret that I set Stripe payments up in my invoicing system. The fees are extraordinarily high and Stripe holds the funds for up to a week. Also, Stripe got many of my details wrong, including my ABN, even through I am sure I filled out the form correctly. Now, I am concerned to change it, as Stripe advises that changing the account details might lead to further delays with payouts. It is such a nuisance, I feel trapped. A terrible company, I rate Xero very highly, that's why I trusted them and thought they would only team up with a very good finance company. A shame! Luckily, most of my clients pay via direct transfer and the amounts are on average bigger, but it would be even more of a nightmare if a business had lots of smaller transactions.

holds your money for to long. take to much of a fee. as a small business holding half my revenue for 6 days is far from ideal. plus it makes reconcilling transaction a nightmare

Stupid idea having to log into a seperate website to collect your money from Xero. An acquaintance has lost 20k through Stripe, and judging by their reviews they have stolen a lot more from others. Fortunately I take fewer, larger transactions so I recommend my customers to transfer instead.