What a New Stripe Account Can't Do Yet
I went looking for how to take bank payments in a side project and came back with a list of things Stripe won't let a new account do yet. Stripe's guides are genuinely good at "here are the payment types." They're much quieter about the second list: what your four-month-old account isn't eligible for, and which of today's choices you can't reverse once a customer has agreed to them. That's the…
Stripe s online payment platform offers various features, but a new account has limitations on what it can do. The platform charges different rates for online domestic cards and ACH Direct Debit, with caps on the latter. Subscription payments allow for recurring charges, but there are restrictions on partial payments and the Stripe Customer Portal.
New accounts must comply with US ACH settlement timelines, usually taking four business days, with a faster T+2 option available after 120 days. However, this privilege can be revoked if the account no longer meets the requirements. Stripe imposes transaction size and weekly volume limits on bank debits, and failure to comply may result in blocked accounts.
Additionally, the mandate wording cannot be changed once accepted, and payment status can change from succeeded to reversed-after-success due to bank disputes. Designing for the slower T+4 settlement timeline is crucial for side projects and long-term systems.
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