In a recent case, American Express Co., Et. Al. v. Italian Colors Restaurant, ___ U.S. ___ (2013), the Supreme Court continued to uphold the validity of arbitration clauses in class action waiver agreements for corporations. Decided June 20, 2013, this opinion, written by Justice Scalia for the majority, is nothing new, and the Supreme Court is simply reinforcing an existing law. The implications of this law on the average merchant can be quite interesting to explore.
As a merchant, you are likely in the position of having to accept certain debit and credit cards at your business. Perhaps you do not wish to accept certain credit cards due to the high fees that are associated with them. However, you may be stuck having to accept these types of credit cards if they are the only type used by residents in a locality. Perhaps you are fed up with paying high fees to companies like American Express or MasterCard. If so, then you should consider meeting with a New Jersey business law attorney to discuss other options that you may have. It may be possible for you to file a different kind of lawsuit against a major credit card company with the help of a Union, New Jersey business lawyer.
It is important to be strategic when you wish to sue a major corporation. A Union New Jersey business lawyer can help you to find peace of mind in developing your case strategy. A business lawyer also knows about other types of lawsuits that are being filed by business owners, and you may be able to join one of these lawsuits as a party. You can meet with The Jayson Law Group LLC your Newark business law attorney to figure out ways to get out of a contract with a major credit card company.
It is in your best interest to do what is right for your business. This may mean refusing to accept certain credit cards that require a high fee. A business law attorney may have other ideas for you in being able to lower the amounts that you owe to credit card companies. It may be possible to negotiate an agreement with a major credit card company. This can help you to save money on the payment of fees in the future.