They can determine up front if it violates the TOS
They can notify the customer of the SPECIFIC violation IN DETAIL, and what can be done to cure it, and provide time to do so.
They can deny access to the transaction instead of nuking the entire business for some algorithmic flag.
The Stripes and PayPals of the world do NONE of this. Instead, they act like they accept almost all businesses, get them dependent on that piece of infrastructure, then willfully trash the business on a whim.
However, by a long series of deliberate actions, Stripe has made it irrelevant to the fact that they are now deliberately, unilaterally, and with zero notice whatsoever shutting down that biz' critical infrastructure.
They could have, and should have as a part of KYC compliance, already figured out what type of business it is. If they failed at that, then fine, give them 60 days notice to find other infrastructure. Stripe is taking its OWN FAILURE to properly vet their customers according to their own standards and dumping the consequences onto the ex-customers. Sorry, but unless we're talking actual provable international criminal/autocratic money-laundering, that's just wrong.
They can determine up front if it violates the TOS
They can notify the customer of the SPECIFIC violation IN DETAIL, and what can be done to cure it, and provide time to do so.
They can deny access to the transaction instead of nuking the entire business for some algorithmic flag.
The Stripes and PayPals of the world do NONE of this. Instead, they act like they accept almost all businesses, get them dependent on that piece of infrastructure, then willfully trash the business on a whim.