Legal Question in Credit and Debt Law in New York

I run a business where I allow my customers to pay by cedit card. Recently I noticed that several transactions that were approved (and the customer received goods) where never funded to my account. I realize I should have noticed this sooner but it went on for months I never got credited for over $60,000 worth of transactions. I feel my reputation has been hurt by this! Who is liable for this error?


Asked on 1/02/10, 1:54 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

I would think that your bank is responsible. However, more information is necessary to make the determination.

Mike.

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Answered on 1/07/10, 2:44 pm


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