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$14.59 from PayPal Class Action Lawsuit Settlement

Contributed by mm | August 21, 2005 9:16 AM PST

For the first time, I am involved in a class action lawsuit. A year back, I read of PayPal's litigation settlement on its alleged violation of Electronic Fund Transfer Act ("EFTA") (to be fair, PayPal never admitted to the claim) from a notice sent by PayPal. I sent out a stamped mail to claim I'm a member of the class, and one year later, PayPal wired me $14.59.

I have no particular good or bad feeling of PayPal. It is convenient and really delivers some value, but I'm also mindful of the dark side of PayPal if something goes wrong. (To this end, PayPaySucks is arguably the most informative site about risks of using PayPal.)

More PFBlog Articles You Might Find Interesting ...


03/10/10 | BofA Put an End to Overdraft Fee | (1)
01/06/08 | Courtesy Overdraft: A Courtesy Service or A Profit Center? | (6)
09/28/07 | The Collapse of An Online Bank | (9)
11/28/06 | Eloan Has More Money Than It Can Handle? | (2)
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This Post Has Received 5 Comments. Share Your Opinions Too.


Cap Commented on August 21, 2005

oh boy. same here.. $14.95 to us, $35.05 to the lawyers.

I wonder how much others got, those that fill out the longer forms.

sheesh.


gummy Commented on August 21, 2005

since were on the topic of class actions

is there any helpful site in which i'll be able to find where i can join a class action case against public traded companies in the u.s.?

ex. aol time warner?


Jose Commented on August 22, 2005

That is about the same ammount I got from paypal.
Unfortunately I had to spent it on a video card for my personal webserver. Of course, we have to note that it is used, from ebay.com and not top of the line (as I do not play too many games anyway). Just enough for my needs, and without importing yet another trinket from overseas.

Paypal is great.


Josh Commented on August 29, 2005

That's funny, I only received $8.00, I filed the short claim form. Did you use the short or long claim form?


MM Commented on August 29, 2005

Short. Of course.

Read More ... 33 Posts In The Same Category


03/10/10 | BofA Put an End to Overdraft Fee | (1)
01/06/08 | Courtesy Overdraft: A Courtesy Service or A Profit Center? | (6)
09/28/07 | The Collapse of An Online Bank | (9)
11/28/06 | Eloan Has More Money Than It Can Handle? | (2)
10/11/06 | Bank of America Promotes Free Equity Trading For Savers | (8)
10/07/06 | An Inflection Point Of Savings Account Yield | (8)
07/29/06 | EmigrantDirect Raised the Bar of High Yield Savings Account to 5.15% | (2)
03/16/06 | Emigrant Direct Pays 4.50% APY for Your Savings, and Its New CD Offering | (12)
11/27/05 | Postcard from China: Banking Accounts, Part 1
08/22/05 | Sticking to EmigrantDirect and 3.50% APY | (8)
06/21/05 | Does Google Wallet Stand A Chance? | (7)
06/15/05 | All Money Market Products Are Not Built The Same | (4)
04/20/05 | Citigroup Brings Rewards to Banking | (2)
04/08/05 | VirtualBank Fought Back, Yielding 3.05% Now | (3)
04/05/05 | ING Direct at 3.00% Now
03/29/05 | A Quick $100 By Opening a Bank of America Checking Account | (9)
03/22/05 | ING Direct and VirtualBank Both at 2.80% APY. Who's Next? | (3)
03/13/05 | Emigrant Direct Savings Account Now Yields 3.25% | (15)
01/28/05 | EmigrantDirect American Dream Savings Account Yields 3.0% | (3)
01/27/05 | E*Trade Bank Let Customers Leave Too Easily | (5)
01/24/05 | VirtualBank Raised The Bar, Again | (5)
01/12/05 | Bankrate Checking Study, Fall 2004
11/19/04 | Heated War of Saving Rates | (2)
11/05/04 | Higher Saving Rate from ING Direct and CapitalOne | (4)
08/18/04 | How to Beat the $100,000 FDIC Limit? | (6)
07/18/04 | CapitalOne No Regrets Certificate of Deposit
07/02/04 | State Farm Bank� Market Rate Certificate of Deposit
05/20/04 | $175 Promotion from E*Trade Bank | (2)
03/05/04 | PayPal Debit Card
12/12/03 | The Ultimate Account Aggregator
11/26/03 | NetBank Raises Fees
11/01/03 | 2.75% Interest Checking Account at Presidential | (2)








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