Online sellers who have dealt with holds on their PayPal funds over the years are entitled to part of a $4 million class action lawsuit settlement. they have done the exact same thing to our business now too. I sent them. please read this notice carefully. I have been with PayPal for almost 20 years, in August they started holding EVERY SALES UNTIL DELIVERED, FOR NO REASON! UPDATE:As of July 11, 2017, all appeals have been resolved. We tell you about cash you can claim every week! The *ABSOLUTE* way I see it, this PayPal Money On Hold is a total bullshit smokescreen!!! Nothing in 15 years has changed. PayPal has been holding my funds for several months now without any explanation at all. The lawsuit was filed in federal court in California, and the SECs findings were based on the findings of a special commission. And a year later PayPal sent through one of those same automatic withdrawals from that same payee to my other and different bank. (877) 854-4514, abc@aol.com if settling is what I should NEVER do, Then what would you suggest as a proper course of action in my situation? So, I could not have checkout access for my customers; forcing me to slow my business transactions to Check/Money Order checkout. My account is still open and it is still asking for monthly payments although I already paid the settlement amount in the agreement. They still froze your account if you do not provide your SSN, I spoke to them and they told me that they froze accounts without SSN after 150 transactions I also spoke to a supervisor who said the IRS told them to freeze my account. I have initiated a new case here what else must I do? This field is for validation purposes and should be left unchanged. This surely CANNOT be legal, they are outright thieves. Did this law firm play a switch bait on some of the people in order to get the class action, but only sent out payments to some of the people? You should have the common sense to say, if I post something online, especially on EBay, your going to run the risk of being scammed. Is this suit still going on? Let Top Class Actions know when you receive a check in the comments section below or on our, UPDATE 7 on August 22, 2017: The appeals to the PayPal Account Hold settlement have been resolved. tyeshiabrown210@yahoo.com, add me also please For me I had none, so I took screen shot of that and sent that as well. My email is sakura^gal@live com.au if anyone can help me out with the case please. You should file a small claims lawsuit, not a class action. I just wondering if not illegal to keep my account, card and personal information forever? If so, I havent gotten anything yet. Actually, they did not alert me via email, though they should have. NO ONE SHOULD HAVE TO EXPECT ROBBERY AND FRAUD WHEN DOING BUSINESS! They are careless and ruthless i will fight against what they did until my last breath! Cdl and ssn. *I understand if they threaten to countersue or they refuse to show up for the court date that I would be rewarded, but if they continue to trial that I might have to pay hefty court fees, with money I no longer have or can obtain. I want interest on it to for being late. The case involves two issues: whether the company has breached state and federal laws. Share. UPDATE 7 on August 22, 2017: The appeals to the PayPal Account Hold settlement have been resolved. I do not owe them any seller fees or have had any issues regarding deception or fraudulent activity . While PayPal denies any wrongdoing, it has agreed to settle the account hold class-action lawsuit. I seriously can lose my job if the money isnt returned in a timely manner before I run out of gas and cant get to work. They say their security system flagged something on some other transaction. I submitted my SS card and ID Numerous times and they did nothing!!! According to the lawsuit, the plaintiff tried to send her daughter $1,000 by way of PayPal's platform around September 24, 2020. this is not fair to say the least and they are not allowing me to dispute this action or due process, how can i defend or prove im not responsible for this alledged account if they dont produce trhe evidence that causes them to come to their decission and finding me responsible.. these actions are unethical and completely wrong and they should not be allowed to limit anyones account freezing funds without a court order! (Who says they can do that?? Your email address will not be published. If there is any means to free consultation or advise that can be forwarded to me, please do. Well Im just sick and tired of these banks and gas stations unfairly holding funds everytime I go get gas at the pump or pay inside too. My customer, who NEVER FILED A DISPUTE AGAINST ME, MEANING PAYPAL MADE UP THE WHOLE THING so they could steal our money, and I spent a combined 30 plus hours on the phone with those PayPal thieves. Overview is that I order many products through a duration of a six month span from this company and while I did receive some products from them, they would often be damaged or empty boxes. Therefore, the suit was dismissed. Required fields are marked *. That is their business. However, the companies are paying out just over CAD 10 million. Here lately its been awful!! Youll need to contact the settlement administrator with your change of address information. Writing a demand letter is easy. I did that fourm of contact in June 2017 for my address change. I received my notice on July 31, 2016 at an email address I do not use and was checking on it today. Its crap. Leaves more money for the legit sellers who actually got burned. ), This sucks! Note: This is an old settlement dating back to 2015. I scheduled a payment in the amount of $100 and can you believe Paypal took $650!! I talked to a Pay Pal Rep about my SITUATION and they could care less that they DESTROYED MY CHRISTMAS. This notice summarizes the proposed settlement. MERRY CHRISTMAS FROM PAY PAL. You see I was sending money through the friends and family option and it was sent to the wrong person. They are holding $13,000 of mine. very bad no more!