Does Stripe work with prop firms?

What founders should know:

• Mainstream processors review merchant categories and can close accounts with little notice, which can freeze funds.
• Reports from the industry describe Stripe ending service to prop firms, especially after high-profile closures in 2023.
• Even where an account is approved, a later review can reverse it.

Safer approach:

• Ask any processor directly, in writing, whether they accept prop trading evaluations.
• Keep a second payment method live from launch.
• Avoid holding large balances at one provider.

Policies change, so check the provider's current terms rather than relying on others' experience. This is general information.

If you already use a mainstream processor

Do not hide the nature of the business to get approved. Accounts opened on an incomplete description are the ones most likely to be closed suddenly, often with funds held. Being open from the start, with a provider that accepts the model, is safer than a cheaper account that may disappear.