Class action lawsuit against PayPal
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Hello all, I’d like to reach out to everyone who is tired of PayPal’s sick policy and sketchy business. Here what lead me to this: I was paid by 2 friends money as friends and family. When I went to withdraw the first payment to my bank they said there was a 72 hour delay plus the 1 day to withdraw if they didn’t find a issue. The second one I withdrew to my debit card and they also placed a 3 day delay. I have already talked to an attorney and it appears it isn’t the first time PayPal is sued for placing unjustified holds on funds. It appears PayPal is only holding funds to gain interest from the money. Also: it states in PayPal’s policy’s that holds are randomly placed to a very small percentage, yet both of mine in different days were placed on hold. Fun fact: PayPal has already been sued in 2015-16 for these same unjustified practices.
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Please let me know if you do this!! I am soooo sick of Ebay and Paypal's policies concerning the release of money! Two months ago I was waiting for a refund that took almost a month to resolve. Then they held my money for another month!!! And I didn't even get the full refund! Talking to someone who can't speak the King's english and puts me on hold for a half hour is irking the heck out of me! I hope you do this! It will serve them right for thinking they can treat people like so much dog crap on the bottom of their shoes!!!
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They must not have liked my reply because they didn't print it! However, please let me know about this lawsuit!! I'm in!!
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Ben: They won't let me post anything, but if you get this, I will join the lawsuit!!
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Let's get a chat session going to spearhead this in the proper direction, they have messed with my business so many times with these BS holds and lies and setbacks to being told to **bleep** off in a sense. I'm absolutely serious about joining a class action, how do we go about establishing communication? They almost ruined my business with unwarranted and unexplainable holds with being told "it's the system" to me responding "it's a system you **bleep** designed" then lastly being told "is there anything else you need help with today" and they way customers are now days majority agree to PayPal only not knowing the **bleep** merchants have to go through, AND they are getting 2.99% cut on every payment and still showing hostility towards merchant funds
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Count me in as well. I received an international transfer of $1690 CAD and accepted an amount at their already degraded exchange rate ($1263 USD) on 8/6/18. By accepting this amount, I actively rejected the option of opening a PayPal account in the Canadian currency that would leave me vulnerable to the volatility of the currency market. Despite this fact, they delayed the transfer for 8 days and then reneged on the agreed amount and posted an amount that corresponded with the lower exchange rate of 8/14/18. As far as I'm concerned, they had a legal obligation to transfer the agreed amount and are currently in violation of that contract.
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I was paid 2 x $200 AUD payments and the money just didn't appear in my account. According to PayPal the money takes 30 days to be sent to my bank account. This has never happened before. 3 days at the most. PayPal just don't care.
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Okay people. Before you file a lawsuit consider this. Lawsuits are slow. There is a remedy for illegal acts by PayPal. I served as a judge for the State of Florida Department of Business, and Professional Regulation. It is the judicial arm of the State of Florida Secretary of State, and regulates all businesses foreign, and domestic doing business in the State of Florida. It's tied into the U.S. Federal Trade Commission. Every state has one. When PayPal wants to do business in a state it MUST register with that state's Division of Corporations. In doing so PayPal agrees to abide by the laws of that state.
That is who you want to file a complaint with first. PayPal will face an administrative hearing within usually 90 days. Florida's Division of Corporations would take a very dim view of what PayPal is doing holding money, and would hammer them pretty good with fines. If the state finds PayPal guilty you now have a finding of fact, then file your lawsuit and request a summary judgement in your suit as PayPal has already been found guilty. Then it's just a matter of the damages you win from PayPal.
PayPal just paid out 4 million dollars in a class action suit. So it will be obvious to any court PayPal has not learned its lesson. The PayPal organization appears to have a criminal mindset. I will find out in the next 48 hours if I will end up filing criminal charges against PayPal for "mail fraud" as well as interstate commerce fraud, if they don't correct their outrageous conduct regarding a certain matter. PayPal's lower tier "Customer Service" is simply a bureaucratic jump through hoop process designed to discourage customers.
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