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Checking the fine print of the proposed PayPal settlement, I
see that the lawyers are scheduled to receive about 40% of the 9.2 million
settlement amount. That's going to leave only about 5 million for individual
claims, to be spread around perhaps a couple of million people who will file a
claim.
Those who did a lot of business with PayPal -- and those who
had the accounts "frozen" for a while -- will be in line for the significant
pieces of that. My guess is that the "average" PayPal user will only see a few
bucks at most, maybe a year from now.
If that's worth it for you to jump through all of their
form-filling hoops, go for it. Me, I'm not going to bother -- although I do
applaud the action that was taken against PayPal to stop them from pulling the
kind of arrogant, shoot-the-seller-first-and-never-bother-to-ask-questions-later
stunts they had become infamous for.
To bad there isn't a law against the outrageously high
transaction fees they charge -- and the bogus extra charge they add on
to receiving payments from outside the US of A.
-- JR
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Title: Message
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- Re: [MOPO] Anyone else recieve this Paypal notice? Judith Weaver
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- Re: [MOPO] Anyone else recieve this Paypal notice? J T Merrill
- Re: [MOPO] Anyone else recieve this Paypal not... Freedom Lover
- Re: [MOPO] Who should file for a PayPal se... JRS MoviePosterBid.com
- Re: [MOPO] Who should file for a PayPa... Dario Casadei
- [MOPO] eBay allows people to HIDE feedback... JRS MoviePosterBid.com
- Re: [MOPO] [Style-b] eBay allows peopl... Susan Heim
- Re: [MOPO] [Style-b] eBay allows p... Craig Goebel
- Re: [MOPO] [Style-b] eBay all... Erich Linder
- Re: [MOPO] [Style-b] eBay all... Phil Edwards
- Re: [MOPO] Anyone else recieve this Paypal... J T Merrill
- Re: [MOPO] Anyone else recieve this Paypal notice? Todd Brown
- Re: [MOPO] Anyone else recieve this Paypal not... Robert D. Brooks
- Re: [MOPO] Anyone else recieve this Paypal... lobby card invasion

