The Bank That Blocked Me Twice in One Week
The article discusses the challenges faced by a software company due to banking sanctions that affected their payment processing. After multiple failed attempts with various payment providers, they established a Delaware corporation to facilitate transactions. This pivot allowed them to continue operations and save on transaction fees without disrupting their customer experience.
- ▪The company had 1,800 paying customers and generated around $18,000 monthly revenue.
- ▪Bank sanctions led to difficulties in receiving payments through traditional methods like Stripe and PayPal.
- ▪By creating a Delaware corporation, the company successfully processed $32,000 in revenue within two weeks.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3942413) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Alice Nkosi Posted on May 21 The Bank That Blocked Me Twice in One Week #community #webdev #programming #opensource The Problem We Were Actually Solving We shipped a binary diff tool named diffsweep in 2021. It saved engineering teams 40 percent of their CI minutes by only running tests that touched changed files. By mid-2023 we had 1,800 paying customers, most of them small engineering managers who expensed it on the company card.
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