Q: Stripe Holding My Funds $32,970
I had payment from my client using stripe client paid and after 6-7 days stripe told me that they can't give more services as my business is high risk and put my all money on hold and refund some amount to my clients without my consent I am looking for resolution legally to release my money
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A:
In cases where Stripe has held your funds due to your business being categorized as high risk, it's important to first thoroughly review the terms of service you agreed to when setting up your account. Often, payment processors include clauses that allow them to hold funds under certain conditions. Understanding these terms can clarify why the action was taken.
Next, communicate directly with Stripe's customer support to understand the specific reasons behind the decision and to discuss possible resolutions. Provide any required documentation they might need to reassess your account status. Sometimes, misunderstandings or the need for additional information can cause these situations, and they may be resolved through clear communication.
If these steps do not lead to a satisfactory resolution, consider seeking legal advice. A lawyer with experience in financial services and online payment platforms can offer guidance based on your specific situation and help you understand your legal options. They can assist in negotiating with the payment processor or guide you through any necessary legal action to pursue the release of your funds.
Timothy Denison agrees with this answer
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