Changes to user agreement
Today I received an email from PayPal. I assume that every other PayPal member got it too. It says that effective November 1, 2012, they are changing the membership agreement. There are 2 changes.
First, if you have a dispute with them, you must submit to binding arbitration.
The second one is even worse. It says that if you have a dispute with them, you can only file it as an individual, and not as a member of a class. In other words, you agree in advance never to join a class action suit against them. Sometimes, a class action suit is the only remedy when a large quantity of people each claim an amount of money so small that it isn’t worth the trouble to apply individually.
Present members have until December 1, 2012 to opt out of that part. However, I imagine that after that date, this item will be buried in the agreement where no new members will notice it.
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Posted: October 23, 2012 at 2:37 pm