PayPal Paid for my Vacation :)

[jgrinz]

I know its my money returned but did anyone else become part of the class action lawsuit and get a check in the mail this week

 

Nice surprise to see that PAYPAL settled so quickly and a check cut so fast hehehehe

 

 

[tmoneyeagles-migration]

I know I'm late to the party here but what was the class action lawsuit filed for/against?

[bsshog40]

I must've not done enuff to see any.

[jgrinz]

"You may be a Class Member and could get a benefit if you 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 your bank; and (iii) through the timely submission of a Claim Form under oath, attest to a reasonable and good faith belief that you would have received a full reversal of such payment had you 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)-The deadline to submit a Claim Form was December 14, 2008"

 

 

[johnny9434]

thats the first ive heard of that as well. typical lawyer stuff i guess

[tmoneyeagles-migration]

"You may be a Class Member and could get a benefit if you 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 your bank; and (iii) through the timely submission of a Claim Form under oath, attest to a reasonable and good faith belief that you would have received a full reversal of such payment had you 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)-The deadline to submit a Claim Form was December 14, 2008"

 

 

Gotchya'!

I think I made one purchase using PayPal in 04', and it was with a credit card and there were no problems, so no qualifications here.

 

So did PayPal really pay out a good enough amount to pay for a vacation?

[jgrinz]

My check was $1623.00 - I was very busy from 04-08 with sales on Ebay

With their fees I have considerable cut down to a not even mentioning level ...