PayPal Lawsuit: there may be hope yet!

[snoopdan 5,000+ posts]

that link I posted is mad old.....

Please note the following important dates: Date Case-Related Event October 31, 2008 Request for Exclusion Deadline (received)

October 31, 2008 Objection Filing Deadline

November 17, 2008 at 10:00 a.m. Fairness Hearing

December 14, 2008 Claim Form Deadline (postmarked)

It may be old, but the dates are very valid.

 

[528hz 10+ year member]

After reading the lawsuit, it looks like (at least to me) that if you've bought something on this forum in the classifed section - then payed the person for the item via paypal on your debit card. If you either never recieved the item or otherwise then tried to reverse the charges via paypal's prevailing Buyer Complaint Policy and/or Buyer Protection Policy and didnt recieve a 100% refund you are eligable to participate in this class action lawsuit.
Anyone else agree with me that this is what they're suggesting? Or am I taking it out of context at all //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

"all U.S. based PayPal account holders who funded a PayPal transaction after

February 1, 2004, using a source other than a credit card"

This means bank account or instant PP account transfer.

 

[snoopdan 5,000+ posts]

"all U.S. based PayPal account holders who funded a PayPal transaction afterFebruary 1, 2004, using a source other than a credit card"

This means bank account or instant PP account transfer.

Right, so clearly debit card transactions would cover this since its removed directly via your bank account.

 

[528hz 10+ year member]

Right, so clearly debit card transactions would cover this since its removed directly via your bank account.

I'm not sure bro'hem...I think not since technically the use of a debit/credit card is usually considered to be the same thing in most contexts, but I could be wrong. When you use your debit card without using your pin number, it is processed just like a credit card from your account, but it is NOT direct.

I think that is probably the most important aspect about this suit because of the fact that money is being taken/recieved from a "physical bank" and the legalities of just how much power PP has over these transactions and what grounds should be taken under certain circumstances.

 

[Chevillac 5,000+ posts]

Right, so clearly debit card transactions would cover this since its removed directly via your bank account.

thats what it means to me.

i was saying there is probly a newer article.

 

[snoopdan 5,000+ posts]

I'm not sure bro'hem...I think not since technically the use of a debit/credit card is usually considered to be the same thing in most contexts, but I could be wrong. When you use your debit card without using your pin number, it is processed just like a credit card from your account, but it is NOT direct.
I think that is probably the most important aspect about this suit because of the fact that money is being taken/recieved from a "physical bank" and the legalities of just how much power PP has over these transactions and what grounds should be taken under certain circumstances.

If I remember correctly, when you use setup your paypal account you give them your bank account routing number so that if your papal account funds are lower than your purchase price, they automatically deduct the funds from your bank account.

 

[528hz 10+ year member]

If I remember correctly, when you use setup your paypal account you give them your bank account routing number so that if your papal account funds are lower than your purchase price, they automatically deduct the funds from your bank account.

True...but this also falls under the assumption that your primary use of funds is whatever you choose it to be (credt card, debit card or bank account).

In my case, I always use my account because I never transfer money to my PP before I make a purchase.

 

[dvrmstrng 5,000+ posts]

i got this email this morning...but i dont remember if there was ever a time i didnt get my money back...hmmm

 

[snoopdan 5,000+ posts]

Well, my interest in this is two things:

1. I fucking hate scammers. I also hate that they have an easy medium to do business with thru paypal.

2. I got scammed for some lambo doors I bought on this forum a few months ago for $250. The arrived all screwed up and missing parts. If you all remember the thread, the scammer admited his intentions and he got his *** banned from here.

So I downloaded the form from the site and its pretty simple and straight forward - you really dont have to write a disseration or anything. I might go thru with this.

 

[rollerdj 10+ year member]

Well, my interest in this is two things:
1. I fucking hate scammers. I also hate that they have an easy medium to do business with thru paypal.

2. I got scammed for some lambo doors I bought on this forum a few months ago for $250. The arrived all screwed up and missing parts. If you all remember the thread, the scammer admited his intentions and he got his *** banned from here.

So I downloaded the form from the site and its pretty simple and straight forward - you really dont have to write a disseration or anything. I might go thru with this.

I remeber that. Did u get your money back from him?

 

[grimreper912003 5,000+ posts]

I mentioned teH carrr aduio on the cnet link //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif
goob should pay me for the advertising //content.invisioncic.com/y282845/emoticons/sneaky.gif.7189749b3a3f769e8815b47e8ae87f88.gif

or send you a shirt //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[Qbenjamin 10+ year member]

I'd hate to be the bearer of bad news, but if you paid by debit card, then you ARE NOT a class member. One of my co-workers (Part - time Paralegal) read over all of the information posted in the email and PDF file, and informed me that if you used a debit/credit card, you are not qualified as a class member of this lawsuit.

Of course I asked why, he then went on to explain:

A "Debit Card" when not used as a pin transaction is considered a credit authorization. The money is not deducted directly from your account at that time. In the case of this settlement, supporting documentation needs to say that the funds were deducted directly from your bank account.

About an hour or so later, he comes back in with more information (All from Google and phone call searching) as to the cause of this lawsuit.

When you are paying for an item via "Paypal;" when you are at your final point of payment transmittal; there is a screen that you will be taken to if you do not choose to pay directly from your bank account. It says something about are you sure that you do not want to fund this purchase from your bank account......Also goes on to tell you about the buyer protection associated with the purchase if it is directly made from your bank account.... Well, Paypal does this for a reason: If you pay with a debit/credit card a chargeback can always be done if the buyer is not happy with the purchase, etc.. If you pay directly from your bank account, they already know that in the evet you attempt to file a claim with your bank about it, you will be denied. You authorized Paypal to withdraw funds from your account for that purchase.

Basically, you are paying Paypal, not the seller. Paypal then takes that money and deducts their fees, and then disburses the payment to the seller. So they put you in a lose/lose situation if you pay directly from your bank account.

Also, you will NOT be an elgible class member, if the funds were already in your account. Ie: you had $200 in your paypal, you make a $175 purchase, you file a claim and are denied.

I don't have many more answers outside of what I have posted here, so please don't consider me to be very knowledgeable on this subject. Also, this information was given to me by a co-worker, who is NOT a lawyer. He could be wrong about ANY of the information I have provided here. Please do not let my post stop you from filing your claim.

Thanx -

Q

 

[528hz 10+ year member]

I thought I read that right...

 

[DidUHearThat? 10+ year member]

..

 

[Ignatowski 5,000+ posts]

I hope Paypal gets whats coming to them.......They are a horrible

company with really poor policy------I lost money on Ebay once via paypal

and a deadbeat Ebay seller...I should have gotten a refund if the guy had a CC on file