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Settlement in eBay and PayPal Class Action Preliminarily Approved


This is a settlement for the lawsuit.

A settlement has been given preliminary approval in a class-action lawsuit against eBay Inc. and PayPal, Inc. (collectively, "Defendants"). The Settlement will resolve a lawsuit against Defendants involving claims arising out of representations in the PayPal User Agreement regarding PayPal's policies and practices for responding to refund requests from those customers who pay for transactions through PayPal using funds from funding sources other than credit cards. The Defendants deny that they did anything wrong. The Court did not decide which side was right, but both sides agreed to the settlement.

Class members could get a benefit if they are a U.S. based PayPal account holder who funded a PayPal transaction on or after February 1, 2004, using a source other than a credit card and who: (i) subsequently requested a reversal of the transaction through PayPal's prevailing Buyer Complaint Policy and/or Buyer Protection Policy; (ii) did not receive a refund equal to 100% of your transaction payment in response to such request from PayPal or their bank; and (iii) through the timely submission of a Claim Form under oath, attest to a reasonable and good faith belief that they would have received a full reversal of such payment had they used a valid credit card in your possession at the time of the subject transaction to fund the payment and filed a timely chargeback request with your credit card issuing bank. The Settlement provides, among other things, that certain persons who funded transactions through PayPal on or after February 1, 2004 using a source other than a credit card, may be entitled to receive a share of three million five hundred thousand dollars ($3,500,000), which will be paid into a Settlement Fund by PayPal.

SEPT-03-08: Settlement in eBay and PayPal Class Action Preliminarily Approved [STEELE SETTLEMENT: EBAY PAYPAY SETTLEMENT]

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Published on Sep-3-08


READER COMMENTS

Posted by

on
i bought some diet pills on ebay sent them back one was for 80.00 dollars for 3 little bottles and the other was for 50.00 dollar sent back the 80.oo pills seller recieve and did not get back full amount from seller as promised sent other box back will probally recieve nothing and getting a hold of anyone at ebay or pay pal was slim to nothing please include me in this what a rip off

Posted by

on
I bought something on eBay 1 time. I wonted to send it back. But getten n touch with them rr
O talk to them was like pulling teeth

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