Bitcoin Withdrawal Refund Policy

Summary

Online businesses in Illinois must adhere to their stated terms and conditions. If a company fails to deliver services as promised, it may be a breach of contract. The Illinois Consumer Fraud and Deceptive Business Practices Act can protect consumers. Consult a local attorney for personalized advice.

Full Conversation

It's regarding a business. And Bitcoin withdrawals from their platform. Can a platform provide different priced options to withdrawal that they base the price of each option off of speed of the withdrawal but then not refund your fees when the withdrawal isn't completed in the time frame on the option that was chosen and paid for
Hello ****. This situation may fall under contract law and consumer protection laws. However, the specific laws can vary based on your location. Could you please let me know where you are located?
Illinos
Hello ****, in Illinois:
- Companies must abide by their stated terms and conditions.
- If they fail to deliver, it could be a breach of contract.
- The Illinois Consumer Fraud and Deceptive Business Practices Act may apply.
Consider contacting Illinois Attorney General's Consumer Protection Division.
Illinois
Hello ****, as per Illinois law:
- The Illinois Consumer Fraud and Deceptive Business Practices Act can protect you.
- In case of a breach of contract, you can potentially recover your losses as well.
I recommend consulting with a local attorney for personalized advice.
Does that apply to online businesses as well
Yes ****, online businesses also fall under these laws. They should adhere to their stated terms and conditions and are subject to consumer protection laws, including in Illinois.