Other than sympathy, I think looking for legal advice on HN is always a bad idea. You are expecting to hire a lawyer anyway, and you should let them handle what sounds like a very straight forward business dispute.
The reason for closure of both accounts is that our business is “high risk”. I’m not sure what this really means in our case, as we just sell consumer electronics in the $100-200 price range
No judgment here, but is it sex toys? Because US-based companies are just really weird about that stuff and treat it as crime-adjacent for no real reason other than historical prejudice.
EDIT: you answered my question while I was writing it. I think you'll get better responses if you specify that it's kitchen/household goods.
The reason for closure of both accounts is that our business is “high risk”. I’m not sure what this really means in our case, as we just sell consumer electronics in the $100-200 price range
No judgment here, but is it sex toys? Because US-based companies are just really weird about that stuff and treat it as crime-adjacent for no real reason other than historical prejudice.
EDIT: you answered my question while I was writing it. I think you'll get better responses if you specify that it's kitchen/household goods.