Quick background on my situation — any input appreciated.
Etsy holding funds for 45 days. I've been dealing with this for about 16 months now and the situation isn't improving.
The amount being held/disputed is approximately $44,123. I have tried contacting their legal department 10 times with no resolution.
What's the typical outcome in situations like this?
I've dealt with this before.
The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.
I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.
I practice in this area. Here's my take on the legal issues.
There are several legal theories that could apply here. The strongest is probably Regulation E, which requires showing an unauthorized electronic fund transfer.
I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.
Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.
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