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The Green SheetGreen Sheet

The Green Sheet Online Edition

October 25, 2021 • Issue 21:10:02

Readers Speak: More factors to consider after a double cross

We received the following in response to GS CEO Kate Gillespie's Inspiration piece "Recovering from a double cross," published in The Green Sheet on Sept. 21, 2021, issue 21:09:02:

"Wow, was your article in GS timely! I read what you wrote and took very careful notes. You see, I just went through this in the last 60 days. Someone I had a close working relationship with for more than 15 years turned on me, blew up a deal and then refused to pay me for my work. It seemed to come out of nowhere. I got the blame for something I didn’t do.

"I realize in hindsight that I made one major mistake. I had worked with this person so long, I trusted them to make good on a verbal promise. We should have spelled it all out and both signed it. You gave very good guidance when you said to collect the facts and get outside input. I have followed both of these points. I am still debating on whether to try to collect for my work.

"One other practical note: How much money is involved? If you’re talking $3,000 or less, you can probably go to small claims court to try to collect. You represent yourself. If you’re talking less than $10,000 but more than $3,000, you’re in a middle ground that may make it not worth pursuing legally. You can burn up 10 grand just getting started with an attorney. More than 10 grand, it’s a judgement call.

"Then there is the fallout of taking on suing someone well-liked in the business community. I will let you know what I decide to do and how it plays out. Thanks again for the guidance. I felt like you wrote it just for me."

Name withheld

Further the discussion

Articles published in The Green Sheet often stimulate additional insights within the payments community. Why not share lessons gained from business dealings that went off the rails or from other profound professional experiences? To help us delve even deeper into current industry issues, please email us at greensheet@greensheet.com. end of article

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