your payment is reversed in any fashion, we reserve the right to utilize collection agencies and litigation to recover the following fees:
$1,000 negative vendor rating fee: Reversed transactions hurt our standing with banks and credit card processors. Reversed credit card transactions and bad checks can ultimately lead to closure of our business credit card processing and/or business bank accounts. Once accounts are closed, businesses can be and are frequently blacklisted from being able to conduct future business. This could totally shut down our business.
Reasonable Fees for our time spent recovering the funds.
Any additional fees resulting from the payment reversal, such as a $35 fee paid to the bank for bad checks or a $35 fee paid to credit card processors for reversed credit card transactions. Sometimes there might also be an additional $1000 or $500 arbitration fee for credit card transactions.
The full order value, restocking fee, or cancellation fee, whichever is applicable.
Any attorney fees and/or fees paid to the collection agencies.