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Processor Raised My Rate From 2.9% to 4.5% — Buried in Contract

Started by omar_s_31 · Sep 8, 2023 · 1 replies
For informational purposes only. This is not legal advice.
RH
omar_s_31OP

Looking for advice on this situation. Processor Raised My Rate From 2.9% to 4.5% - Buried in Contract

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

KFW
the_silent_type_7

Has anyone tried mediation before going to court? In my county, teh court actually requires mediation for disputes under $25K. It was faster and cheaper than I expected, and we reached a resolution in one 3-hour session honestly.

QF
quinn_f_2

For Stripe specifically: the arbitration clause in their ToS is binding but there's a small claims court exception. If your amount is under your state's small claims limit ($10-12.5k in most states), that's your fastest path.