Originally posted by New
So you signed up to get the money without actually being harmed in any way?
well, there were two ways to join the class action, long form and short form. long form is if you had a specific case you could get a lot more money in damages.
the short form is basically a fund of $1million dollars divided by all the short form claimants. in this case, it looks like 125,000 people that got $8.00
i have had a paypal account for a few years before, during and through the class action. i believe that in using the paypal account they charged some fees that, should the class action succeed, i will accept the money. so i signed on.
has paypal harmed me? not physically. have they been a pain in the ass? most definitely. my main gripes are restrictions of sending and receiving limits, conversion fees, and withdrawal fees. do i support the more extreme cases where people have had their funds locked up for months without resolution? yes, i support those people and hope they have got more than just $8 for compensation.
will i use paypal in the future? not very likely. i'd rather just take the bank's TT (wire transfer) $20 fee for big currency transfers.
remember a lot of my issues are also because paypal, a global service, has severe restrictions that make it only really useful if one is living in the us.
how much did i get? usd $8.
who has it now? some other appleinsider has claimed it and i'd rather him enjoy a beer or two courtesy of paypal.
maybe it's a bit too cliched with the 'fight the big corporate power', but eBay and payPal have fucked up in certain ways in the past several years and i feel that the payPal settlement is a reasonable way that ordinary people get some compensation and payPal and eBay become aware of customer dissatisfaction.
did i want to get lots of money without doing much? also yes, at a time when i thought it was a lucky break for me.
did that work out? apparently not.