Ask HN: Are Russian customers under embargo?

4 points·novaleaf··4 comments

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?

Old Business Proverb:

"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.

> I use Stripe to process monthly Subscriptions.

Question 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...)

thanks, the non-answer from Stripe: https://support.stripe.com/questions/impact-of-sanctions-on-...

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.

All this has happened before.[1] I guess the safest alternative is to screen customers from Belarus, Ukraine and Russia till the situation becomes clear.

[1] Declined: Visa, MasterCard Freeze Out Targeted Russian Banks (https://www.npr.org/sections/thetwo-way/2014/03/21/292565077...)

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