LAWSUITS NEWS & LEGAL INFORMATION
Settlement in eBay and PayPal Class Action Preliminarily Approved
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]
Published on Sep-3-08
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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READER COMMENTS
john twitty
on
i was restricted as to what i could spend the credit on??
I made some purchases and they NEVER arrived. ups provided pictures of a house that was CLEARLY not mine and said delivered.
So i never got my stuff and I was charged anyway. over $1100.00
total. I asked them several times to fix this problem and they told me that it would have to go to court. So here it is 5years Later and they are taking me to court. I never paid because I never received anything. oh yeah they locked my seller account and my paypal acct also. So I just walked away from both. They want your soul to be owed to the company store just like in coal mining days.
Katherine meacham
on
Kristy L smith
on
O talk to them was like pulling teeth