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

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.
Started by omar_s_31 · Sep 8, 2023 · 1 replies
For informational purposes only. This is not legal advice.
This discussion is illustrative. Participants and outcomes are composites, not actual client matters.
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.