David N. asked

⚖️  Law

I started an online rent payment business and solicited X Bank to become our merchant provider and develop the backend software. X Bank informed us last week that the rules changed, requiring us to become merchant 'submitters' and pay $10k for Mastercard and Visa. Two days ago, they added that we need 'Level I' certification, costing $30-40k. This additional cost will likely cause our business to fail due to lack of working capital. Can we sue for withholding information or damages?

September 2nd, 2024

Diane S. answered

If you had an agreement with X Bank to provide services for a specific amount and they failed to do ...

September 2nd, 2024

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