Resolving contract disputes demands a nuanced understanding of one’s contractual obligations and rights. Through careful scrutiny of each dispute’s context, one becomes equipped to make informed decisions. Preventative measures, such as meticulously crafted contract terms and the habit of clear communication, frequently diminish the likelihood of disputes escalating into more severe conflicts or legal challenges.
Lost revenue doesn’t have to fall under your “business as usual” expenses. Non-paying clients cost American businesses billions every year. As a California company owner or manager operating on an invoice system, you are likely very familiar with late payments and even non-payment in some cases. There are many reasons why a customer doesn’t pay an invoice on time (if at all). From lost bills to unexpected additional expenses they realize they can’t afford after the fact, says Business News Daily, and others who just flat out don’t have the money to pay you even though they have already used your product or service.
Electronic payments litigation is sometimes necessary for a business to pursue. An ISO attorney is one who is skilled in all areas of Independent Sales Organizations (ISOs), also known as Member Service Providers (MSPs). These are third-party companies contracted by a credit card member bank to procure new merchant relationships. The ISOs also process online credit card processing transactions for independent small businesses, typically in exchange for a flat fee or percentage of sales.
If chargebacks are damaging your business’s bottom line and you’re rapidly losing revenue, you may be poised to fight and win chargebacks. Merchants and sellers who are looking to protect their best interests and stay in good standing with their payment processors know how vital it is to prevent and fight chargebacks. These are a rapidly growing problem within the e-commerce sector; the true cost of chargebacks goes well beyond the disputed charge amount. In fact, chargebacks can end up costing you twice the price of the original transaction.
One of the harsh realities of your business is that not every merchant will pay you on time, if at all. Hopefully, this represents a very small percentage of your portfolio, but even still – all it takes is one large client that won’t pay up to significantly impact your bottom line. Yes, in some instances, you can wait it out until the debtor has the funds to pay you, but you shouldn’t have to do this. You provided needed capital, you need to get paid. Period.
Running a business has enough frustrations and stresses on its own without the added headache of being placed on the MATCH list. But what is it, and what can you do about it? First off, remember that we can likely assist you.
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