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Archive 2012 · New Paypal Policy - How to opt-out
  
 
bemyzeke
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p.1 #1 · p.1 #1 · New Paypal Policy - How to opt-out


Just got an email from Paypal regarding upcoming policy changes effective Nov 1, 2012. What caught my eyes (and to their credit, they did put this text in bold) is the following:

This update to the User Agreement effective November 1, 2012 contains changes that affect how claims you and PayPal have against each other are resolved (see Disputes with PayPal below). You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you See Disputes with PayPal below for more information.
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I don't know about everyone, but I think most people would like to opt-out of this and retain their right for a lawsuit (just in case). Here is how to opt-out


You can choose to reject this Agreement to Arbitrate ("opt out") by mailing us a written opt-out notice ("Opt-Out Notice"). For new PayPal users, the Opt-Out Notice must be postmarked no later than 30 Days after the date you accept the User Agreement for the first time. If you are already a current PayPal user and previously accepted the User Agreement prior to the introduction of this Agreement to Arbitrate, the Opt-Out Notice must be postmarked no later than December 1, 2012. You must mail the Opt-Out Notice to PayPal, Inc., Attn: Litigation Department, 2211 North First Street, San Jose, CA
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Oct 08, 2012 at 03:15 AM





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