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Mitch
1.4K posts


@RiceRiddler I was at this card show - gave a kid my entire childhood binder
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I recently vended at a card show and this kid walks up proudly with a whole binder of Pokémon cards that he wanted offer for trade.
I open it up to see every single card nearly penny-sleeved, sorted, and color coordinated with tiny stickers based on value, with a whole explanation of his value system in the front cover.
The future of this hobby is bright. 🫡

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I have an ecom agency and have been looking at @whop for invoicing and autopay
We process 6-figures per month in invoices so if you're an agency owner and have used whop dm me would love to hear your experience.
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@dickens1298 @LasVegasLocally Loss leader. I have my $5 BJ at the palms and I’ll happily buy food and play carnival games while I’m there.
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@LasVegasLocally So some people want the $5 tables and the old cheap Vegas.
And you expect hospitality workers to be paid a living wage?
Guess where the cheap tables are at? Usually at a break-in casino.
And there’s a reason for that.
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@scaling_shields @grok what are strong alternatives to @stripe I'm opening a business and building a website and looking for the smartest way to take the money people are trying to start throwing at me. Website integration crucial. In person protocol big plus. Please advise.
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stripe isnt a payment processor, its a shadow bank that earns $500 off your frozen account while you beg support for help
right now thousands of sellers have $5,000-$50,000 locked in stripe
they call it a "risk review"
what theyre actually doing is investing your cash in overnight money markets and pocketing the returns while you refresh your dashboard hoping the hold lifts
payment processors are legally allowed to invest customer funds during holds
its called the "float"
visa reported $1.2 billion in float income in a single quarter
the longer they hold your money the more they make
they profit from your panic
heres how it works:
you start selling online
payments clear in 2 days. everything is fine
then you have a good month
revenue spikes 30%
stripes algorithm flags it as "unusual activity"
you get an email:
"weve placed a temporary hold on your funds while we review your account for potential risk"
no explanation, timeline or human to call
just a chatbot sending you in circles while they earn interest on your revenue
average hold: 90-180 days
$200-500 in interest earned per $50,000 held
across hundreds of thousands of accounts
the triggers that freeze your money:
- revenue spike - even if its just a good month
- refund rate above 1%
- selling coaching supplements or digital products
- chargebacks above 0.65%
- too many transactions from one country
none mean youre a scammer
all trigger an automated hold with zero human review
how to prevent it:
never rely on one processor holding all your cash - keep a reserve in a separate account
run stripe AND a backup simultaneously
keep refund rate under 0.8%
respond to every dispute within 24 hours
never let revenue spike 30%+ without emailing your account rep first explaining why
no account rep means no relationship means youre just another flag waiting to trigger
if your money is already frozen send this exact email to support AND compliance:
"i am requesting immediate review of my account hold. merchant in good standing since [date]. chargeback rate [X%]. refund rate [X%]. requesting specific explanation of what triggered this hold. if i do not receive substantive response within 48 hours i will file complaints with the CFPB and my state attorney general"
the CFPB is the weapon
consumer financial protection bureau complaints get escalated internally at every processor
most holds get reviewed within a week of filing
stripe does not want regulators examining their hold practices
three letters change the entire conversation
your money isnt frozen because youre suspicious
its frozen because freezing it is profitable
stop refreshing your dashboard
start filing
its your money
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@edviiz @Delmo_dev Cases escalated to Whop management are manually reviewed by humans.
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@Delmo_dev This is cool but does the customer have an AI button too for opening the claim?
Who wins when the two AIs start talking to each other?
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@PredictionNews_ Gov will do anything to protect our casino industry.
Not a fan, especially with the nickel and diming.
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@lobotomy_user There’s a script on Reddit you can send them and they will instantly cancel + refund.
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Oh shit my bad… anyways I made $33k today (18 years old).

EP@eptwts
@andrescgrassi i'm afraid this meta is dead
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@El_Combate07 @yoxics Only 3 places with this, all of them being malls. Not Casinos.
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Stripe just shut down my payments out of nowhere.
No disputes. No chargebacks. No weird activity. Nothing shady. I run a normal service business. Clients pay, we deliver. That’s it.
And then I get hit with “you’re a potential dispute risk.”
Potential? Based on what? I’ve literally never had a dispute. Not one. I’ve paid them thousands in fees over time. Clean history. Clean transactions. Real clients. Real contracts.
And they can just decide you’re risky and shut the whole thing down.
That’s what’s crazy to me. It’s not like they showed me something concrete. No evidence. No example. Just a label and boom, your revenue is frozen.
Do you understand how insane that is? One company can flip a switch and your whole operation has to stop. Payroll, creators, clients, cash flow, everything. Not because you did something wrong. Just because some internal model thinks you might be a risk.
That shouldn’t be normal.
I get risk management. If I had disputes or fraud or something sketchy going on, fine. But zero disputes? Zero issues? And you still get shut down?
That’s not protection. That’s overkill.
And the worst part is there’s no real explanation. No real conversation. Just “decision made.”
It really makes you realize how fragile online businesses are. You think you’re building something solid, but if all your money flows through one processor, you don’t actually control it.
You’re borrowing infrastructure.
And they can pull it anytime.
I’m restructuring now, moving things around, setting up backups. But it’s wild that you even have to think like that when you’ve done nothing wrong.
Lesson learned the hard way. Never let one platform control your entire revenue ever again.
Stay safe G's!

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@ultrarare Lmk her username! Will ensure she’s dialed in!
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Dropping a free 5 days to my flagship reselling community - Divine.
Haven’t done this in a while.
Get them while they last:
join.divine.club/premium
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Mitch retweetledi

We are excited to announce that @tether, the largest stablecoin company in the world, is making a strategic investment of $200M into Whop, valuing us at $1.6B.
Our partnership with Tether marks a major step in building the world's largest internet market. Tether is committed to enabling everyone in the world to participate in the new internet economy. The way humans work and create value is changing fast. The world needs both an open internet market giving people a platform to conduct business, as well as a transparent payments network.
Tether and Whop together will work to bring a sustainable income to billions of people throughout the world. There is enormous opportunity when you combine Tether’s global scale and wallet technology with Whop’s community of next generation entrepreneurs.
My co-founders and I met as teenagers on the internet selling software. We first launched Whop as a way for us to sell our own software to people in Facebook and Discord forums. Prior to Whop, the place we found customers was different from the place we collected payments, different from the place we talked to customers, and there wasn’t a central place to “do business” on the internet.
In partnership with Tether, we will be scaling infrastructure in real-time for new business models as they emerge across the globe.
The job is just getting started.
🚀
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