PayPal updates policy to prevent users from suing

PayPal has been hit with a lot of grief recently, namely due to holding your funds under review for no reason and making changes to your account with your permission. Obviously, these things are what lead to users suing the company, so PayPal ended up updating their policy a few days ago, which now requires users to to mail in an “opt out” form if they want to retain the ability to sue PayPal in class action.

This is arguably one of the most deliberate moves we’ve seen a company make in order to protect itself from its users, and it shows that they know they’re making decisions that could get them sued by their fellow users. Obviously, they know that most users are too lazy to actually mail something nowadays. Then again, Sony is also guilty of this.

You have until November 1 to opt out, and the letter “must state that you do not agree to this Agreement to Arbitrate and must include your name, address, phone number, and the email address(es) used to log in to the PayPal account(s) to which the opt-out applies. You must sign the Opt-Out Notice for it to be effective.”

So, if you use PayPal on a regular basis (like I do), we would strongly recommend that you read over the updated PayPal policy. And if you’re not willing to ditch PayPal, then it’s probably in your best interest to mail in an opt-out letter. For your convenience, a letter template is already available for you, thanks to Engadget’s Darren Murph.

[via Darren Murph]

PayPal updates policy to prevent users from suing is written by SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Related posts

Latest posts

MiniTool Power Data Recovery review: buy it once and use it forever

I reviewed MiniTool's Power Data Recovery, a file restoration app from the company known for popular hardware utilities like Partition Wizard.

A 2-in-1 has challenged the Surface Pro 11, but not how you might think

The Surface Pro 11 is the de facto Windows 2-in-1, but HP's new convertible 2-in-1 makes a strong case for itself against the Surface.

This 24-inch gaming monitor is under $100 at Walmart

Walmart has a fantastic deal on an Onn. 24-inch FHD gaming monitor so it's down to just $99. Here's why you need it in your life.

Security experts warn of new hacker strategy targeting Windows drivers

A new BYOVD attack ends with an infostealer and cryptominer inserted into your Windows PC. The threat campaign named SteelFox uses fake activators.

Best early Black Friday MacBook deals: MacBook Air M2 is 25% off

You're going to want to take advantage of these Black Friday MacBook deals if you're interested in buying any of Apple's laptops, but you have to act fast.

My favorite flagship earbuds from EarFun are already on sale before Black Friday

The EarFun Air Pro 4 earbuds only just released and they're already on sale! Who even needs Black Friday?

Belkin Launches New Travel Bag for Apple Vision Pro

Belkin today announced the launch of a new Travel Bag for the Apple Vision Pro, with the accessory joining the

Cops Suspect iOS 18 iPhones Are Communicating to Force Reboots, Making Unlocking Harder

Law enforcement officials in Detroit, Michigan are warning other police officers about an alleged iPhone change that causes Apple devices

Apple Arcade Gains Four New Games

Apple's subscription gaming service Apple Arcade is being updated with four new games today, including Wheel of Fortune Daily, Drive

M4 Macs Now Arriving to Customers in Australia and New Zealand

It's already Friday, November 8 in Australia and New Zealand, so customers who pre-ordered a new iMac, Mac mini, or