Screwed By Paypal?

Lori

I found this on a deal board I frequent. Here is what the post said.

"A law suit has been filed in Superior Court in Santa Clara County, California against PayPal, an online payment company. PayPal is widely used by buyers and sellers on eBay as an alternative to credit cards.

The suit alleges improper restriction and administration of customer accounts, including holding on to consumers’ money for no apparent reason.

The suit further alleges that the Company deliberately conceals its customer service contact information from the users.

Regarding mismanagement of its customer accounts, the 20-page complaint reads: “As a result of its inability to set up an adequate and effective anti-fraud mechanism and its attempt to compensate for such inability, PayPal adopts an aggressive and grossly over-broad anti-fraud policy that persistently causes erroneous and wrongful restrictions of access to be imposed on user accounts — causing economic damage and financial loss to a significant number of innocent PayPal account holders,”

PayPal (NASD: PYPL) had its IPO on Feb-15-02, soaring 54% from its opening price of $13 a share.

If you feel you qualify for damages or remedies that might be awarded in a class action suit against PayPal, please fill out the form below."


form

Lori

dbldie55

Amazing timing here. I think I am about to. Just have a feeling that the first time I get a payment for over $500 they are going to hold onto it (it is waiting to be cleared right now). Even though they have no problem taking thousands out of an account, they seem real reluctant to put any back in. I will know within a day.

nwcs

Judging from some of the stories I've read here. Anaconda's being the first one to come to mind, I'm not surprised by this.

ScarsdaleCoin

Lori...thank you for this info....I felt that I was "wronged" by paypal because they reversed a charge to my account that was paid for an item shipped...the problem was that they waited about 10 days to tell me the credit card used was fraud....had they notified me in 1-3 days I would not have shipped the item....I used your form to address my complaint....hey maybe some good will come from it...if not at least it made me feel better.....have a great day Jon