Legal Question in Business Law in New Jersey
Merchant account order stopped
I signed up for a merchant account for my new
business via email, phone and fax. I did not receive the
credit card equipment when promised; the sales
person gave me a new eta twice. When I did not receive
the equipment the second time it was promised , I
called to cancel the whole thing. The sales person sent
the equipment ovenight the day after I called to cancel
and I refused delivery. I do not wish to enter into a three
year contract with a company who's word I cannot trust.
Am I bound to the contract that I signed even though I
refused the equipment and have never used the
account? Thank you.
1 Answer from Attorneys
Re: Merchant account order stopped
Your obligations depend on the nature of your relationship. Have you signed any agreement with the company? What did you sign when you sent in your application? In any event, it is unlikely that you are bound to a 3 year contract. At worst, you may be subject to a cancellation fee.
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