Queens, NY asked in Banking for New York

Q: Stripe has held my funds for 90days - can my lawyer send them a legal complaint even if their agreement allows it

What legal action can I take?

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1 Lawyer Answer
James L. Arrasmith
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Answered

A: If Stripe has held your funds for 90 days and you believe this is unjustified, it's understandable that you would be concerned and consider taking action. Yes, your lawyer can send them a legal complaint regardless of the agreement's terms if they believe there are grounds for dispute. Companies like Stripe often have policies in place, but these policies do not supersede local laws and regulations. Your attorney can review the specifics of your case and advise on the best course of action.

Regarding legal actions, there are several routes you might explore. This can range from sending a formal demand letter, which your lawyer can draft, to initiating arbitration or filing a lawsuit, depending on the terms of your agreement with Stripe and the jurisdiction you're in. It's important to gather all relevant documentation and communications with Stripe to support your case.

Finally, consider reaching out to Stripe one more time to resolve the issue amicably. Sometimes, clear communication and negotiation can lead to a faster resolution than legal routes. However, if all else fails and you believe your rights have been infringed upon, pursuing legal avenues might be your next step. Always ensure that you understand the potential costs and timelines associated with legal actions.

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