Talk to a lawyer asap. Also, do your best to resolve the situation with Stripe in a non-confrontational way (people don't like to cooperate with belligerents even when becoming one would be justified).
My bank provider chose to terminate my business's account for a BS reason. No interest in resolving or discussing the situation in any way. Enjoy uprooting everything: find new banking services, change your accounting, all integrations, card payments, invoicing, account history, backups etc. etc. Ultimately I figured it out and it's nothing close to your scale, but for an independent contractor this would threaten their entire livelihood.
Financial institutions want to steer clear of all regulation and be extra cautious with KYC and fraud. They will always take their own side over their customers. There's inevitably a segment of false positives to be flagged as liabilities.
These companies can ultimately ruin your businesses and your product, due to malice (rare) or incompetence (less rare). Always have redundancies, where possible.
My bank provider chose to terminate my business's account for a BS reason. No interest in resolving or discussing the situation in any way. Enjoy uprooting everything: find new banking services, change your accounting, all integrations, card payments, invoicing, account history, backups etc. etc. Ultimately I figured it out and it's nothing close to your scale, but for an independent contractor this would threaten their entire livelihood.
Financial institutions want to steer clear of all regulation and be extra cautious with KYC and fraud. They will always take their own side over their customers. There's inevitably a segment of false positives to be flagged as liabilities.
These companies can ultimately ruin your businesses and your product, due to malice (rare) or incompetence (less rare). Always have redundancies, where possible.