Intuit shut down business account
Yesterday, Intuit shut down my friend’s account because they claimed her startup is an “unacceptable business type.” She runs the #sextech startup Unboundbabes.com. It’s time to end the antiquated policies that shame sexual health. Why would #Intuit suddenly decide that this is unacceptable?
Unbound
How is it not?
Payment processors do this all the time for businesses that they think have a high fraud rate / chargeback rate. Don’t think it has anything about this sexual health shaming thing you’re talking about
That sucks. My guess is that the business type violates someone's policy somewhere in the chain. Could be Intuit itself, but it could also be a partner somewhere upstream (like, say, Visa). Again, only a guess but it may be that they don't deny the account initially but a periodic audit eventually finds this kind of business in violation of some company's policy.
I'm pretty sure Stripe doesn't have that restriction, as long as you're not selling straight-up porn. From what I remember, a lot of the big financial institutions that back these companies (Stripe, Intuit, etc) are really really conservative. They claim those transactions are too "risky", but I suspect they're just prudish :(
Can someone at Intuit help them figure this out? Seems a bit ridiculous that this is happening.
This is a legit company (I use it). But they also just raised a decent amount of VC funding. I assume @switchMap’s conclusion is the reason this is happening. "Unbound, a sexual wellness startup for women, recently raised $2.7 million from Founders Fund, Slow Ventures, Arena Ventures, SoGal Ventures and others. Founded by Polly Rodriguez of Women of SexTech, Unbound aims to empower women to own their sexuality." https://techcrunch.com/2017/12/22/unbound-raises-2-7-million-for-womens-sexual-wellness/
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The response in those screen shots from Intuit is upsetting. I’ve seen a lot of Intuit employees on Blind. Perhaps they can figure out what’s going on with this?
“We’ve done a thorough review of your account and can no longer support your payments needs.” 😂 What prudes. Is Intuit run by evangelicals or something?
This is why she should use cryptocurrencies. No discrimination there and no chargebacks
It’s a bit hard to only use crypto tho. Maybe it will encourage her to take those as well.
How are butt plugs == “sexual health”? 🤔
Not sure why you’re picking one thing they sell and trying to pretend that’s what their business is built around. 🤔
Well I didn’t mean anything by it. People should be empowered in their private lives. Just find it strange when these devices are classified under “health.”