Payment processing companies decide who is empowered to buy and sell online—and their policies show a gross misunderstanding of metaphysical practitioners.
metaphysical shop, the most frustrating part of this situation is that companies like Stripe make money on the backs of small businesses. “It’s not like these companies are doing us a favor, “ Calvarese said. “These payment processors collect monthly fees and take their percentages of our sales without fail. The fees can add up to thousands of dollars throughout the course of the year. However, without warning, they can shut our businesses down in a matter of minutes.
For others, the growing dominance of Stripe has been eye-opening. “When we were scrambling for a backup that would allow us to have our own branded membership area, every single one of the membership sites we checked out were tied to Stripe by default, or were hugely cost-prohibitive if not,” Heather Vee, a web assistant for Phyllis Curott, the attorney and Wiccan priestess, said.
and giving people a way to earn money with their writing, but companies like Stripe ultimately decide which of those voices deserve to be monetized and who is empowered to sell products and services online.rises in popularity around the world, it’s long past time for financial institutions to catch up. It’s essential for payment processing companies to examine how their internal policies are created, understood, and enforced.
“These companies need to be accountable,” added Sara Calvarese from The 8th House. “If they don’t support metaphysical businesses, they need to clearly state that up front in the onboarding process, not bury it in the fine print of the terms of use.” Indeed, if Stripe is unwilling to support metaphysical businesses, they need to be much clearer about it from the jump—but overlooking a growing industry, particularly one with such a high number of
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