Members-only forum — Email to join

Stripe payment processor classified me high-risk — How to Get Funds Released

Started by asking_for_friend_buyer_IL · Apr 12, 2023 · 2,329 views · 7 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AF
asking_for_friend_buyer_IL OP

I'm dealing with a situation and need some guidance.

payment processor classified me high-risk. I've been dealing with this for about 6 weeks now and the situation isn't improving.

The amount being held/disputed is approximately $1,245. I have tried contacting their legal department 6 times with no resolution.

Should I hire a lawyer for this or try to handle it myself?

JC
just_curious_driver_NY

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.

PN
Photographer_NYC

I've dealt with this before.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

ES
eComm_Seller_2022

Not a lawyer, but I have direct experience with this.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

PJ
Paralegal_Jen

Not a lawyer, but I have direct experience with this.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

TL
Mod_TermsLaw Moderator

I practice in this area. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, Regulation E. Your state may provide additional protections.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

AD
anon_dev_CA

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

WB
worried_business_owner_today

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.

Want to participate in this discussion?

Email owner@terms.law to request access