Worldpay Accused Of Seizing Funds In $2.7M Contract Suit

By Dean Seal (November 9, 2020, 10:14 PM EST) -- A California-based credit card processor claims Worldpay LLC seized and is "unreasonably withholding" $2.7 million after hastily terminating a merchant agreement between the companies without proper explanation.

Integrity Business Partners LLC brought its accusations in a lawsuit that Worldpay removed to Ohio federal court on Friday. The independent sales organization alleges it had worked with Worldpay from September 2019 until August, when Worldpay issued a termination letter accusing IBP of breaching their contract.

The termination letter did not specify how IBP had violated the contract, stating only that the company's underwriting activities were "outside of the approved underwriting guidelines … and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!