Money

PayPal Has Been Sued and Lost

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2016 must be the year of the lawsuit. I swear every major company is getting sued, Verizon, Sprint and now the number one secure way to transfer money via the internet had a class action settlement being brought against them and it has been settle. According to the email document, “A settlement has been reached in a class action in which the plaintiffs allege, among other things, that PayPal improperly handled disputed transactions on PayPal accounts and improperly placed holds and reserves on accounts or closed or suspended accounts. Plaintiffs also allege that PayPal failed to provide annual error resolution notices and monthly account statements under the Electronic Fund Transfer Act.”

What does that mean for PayPal users? If you had an active PayPal account April 19, 2006 through Nov. 5, 2015 that had a hold or reserve placed on your account and/or who had your account closed or suspended by PayPal you are eligible to receive a monetary payment upon submission of a valid claim form, that explains the terms and conditions of the settlement in more details.

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I just tried to get my records from the recorded dates mentioned in this lawsuit and PayPal won’t let me access them, even when I go to the advance search section of my account. And forget about asking an agent because they can’t get involved or have anything to do with you accessing your records for this case. But I do remember losing $50 bucks to a fraudulent purchase and the email address associated to my PayPal account so that was enough information for me to submit for this claim.

The economy may be on the rise but that is only because everyone is getting income from class action lawsuit, sure it ranges from $10 and up but hey at least it’s giving unemployment benefit checks a break!

Hope this joke wasn’t in bad taste 🙂

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Christina Jeter

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