NOTICE OF CLASS-ACTION SETTLEMENT Paypal
By marcyaz
@Marcyaz (35316)
United States
January 15, 2016 4:34pm CST
I received this notice on January 13, 2016. Have you received a notice like this?
You are a member of the Settlement Class if you had an active PayPal account between April 19, 2006 and Nov. 5, 2015.
If your Paypal account was closed or suspended by PayPal you may be eligible to receive a monetary payment upon submission of a valid claim form.
A settlement has been reached in a class action in which the plaintiffs allege, among other things, that PayPal improperly handled disputed transactions on PayPal accounts and improperly placed holds and reserves on accounts or closed or suspended accounts.
I never had my account closed or suspended but I do know people who had their money frozen and were unable to do anything about it.
27 people like this
32 responses
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@cupkitties (7421)
• United States
16 Jan 16
I got the same email, but unless it's mentioned on the official site, I think its not legit. The only talk of settlement found on the Paypal site was at the link below and it doesn't say anything about the dates or the website posted in that email. I'm gonna forward it to their spoofing email and see what they have to say though.
Menu PayPal Log In Sign Up Q: What is this email referring to?A: The email you received relates to the settlement of a class action lawsuit. In March 2002, a class action lawsuit was filed against PayPal, Inc. in the United States District Court for the No
2 people like this
@celticeagle (167070)
• Boise, Idaho
16 Jan 16
Never had a problem with my Paypal account and have had it since about 2002.
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@celticeagle I have had my account since 1999 with no problems.
@Marcyaz (35316)
• United States
16 Jan 16
@AbbyGreenhill
Because of the time limit I have had paypal.
@AbbyGreenhill (45494)
• United States
16 Jan 16
@Marcyaz Then why did you get the email?
1 person likes this
@kevin1877uk (36988)
•
15 Jan 16
Not seen anything like that, was it an email?
Never had my account closed or suspended.
1 person likes this
@Marcyaz (35316)
• United States
15 Jan 16
@kevin1877uk It was an email and I never had any problems with paypal.
1 person likes this
@kevin1877uk (36988)
•
15 Jan 16
@Marcyaz I've just checked my PayPal email account and I too got a email
"Our Legal Agreements are changing"
That was the 12th.
1 person likes this
@HanVanMeegerin (1161)
• United States
16 Jan 16
@ChinaLeon I think you need to have PayPal to get laid on myLot.
2 people like this
@AbbyGreenhill (45494)
• United States
16 Jan 16
I haven't seen this, which is a good thing I guess.
1 person likes this
@ChinaLeon (247)
• Tianjin, China
16 Jan 16
I don't have a Paypal account. I think I have to apply for one.
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@ChinaLeon Who do you use then if you don't have a paypal account?
@Marcyaz (35316)
• United States
16 Jan 16
@ChinaLeon
That is interesting as I have never heard of either one of those.
@ChinaLeon (247)
• Tianjin, China
16 Jan 16
@Marcyaz Actually China has a totally different internet ecosystem compared with other countries. Most of times the Alipay and Wechat is more popular in China. Most people use Alipay, even some farmers in the market. Alipay is similar to Paypal.
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@allknowing Are you saying you wanted your account to be deleted or what? 
@allknowing (136564)
• India
16 Jan 16
@Marcyaz Is it not what that notification said about compensating those whose accounts were deleted? (lol)
@TiarasOceanView (70022)
• United States
15 Jan 16
I did not get this notify Marcy.
And I have not had any acct closed at all.
Thanks tho, maybe some could use the info.
1 person likes this
@Marcyaz (35316)
• United States
15 Jan 16
@TiarasOceanView I have had no problem with them either.
1 person likes this
@TiarasOceanView (70022)
• United States
17 Jan 16
@Marcyaz Yes we dont need any more problems
1 person likes this
@CookieMonster46 (13454)
• United States
16 Jan 16
I received this to, but doesn't apply to me, I guess they sent it to most of their customers
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@CookieMonster46 They must have sent out a lot of these notices.
@hostessman (11871)
• Tucson, Arizona
16 Jan 16
I didn't hear any of this. I have never had a problem with Pay Pal at all.
1 person likes this
@garymarsh6 (23405)
• United Kingdom
16 Jan 16
It is more than likely a scam. Do not reply to them or give any details at all. Contact paypal direct if you have been affected.
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@garymarsh6 If you think it is a scam than just forget about it.
@ThankyouLord (698)
• St. Petersburg, Florida
16 Jan 16
This is a phishing email. It is bogus and they want your password. I can always tell phishing (fake) emails because there is always a misspelling, a bad punctuation, or bad sentence structure. The word in this email, "allege" is misspelled. Do not respond. Get rid of it. Big companies normally do not send out misspelled communications.
1 person likes this
@BelleStarr (61102)
• United States
16 Jan 16
No but I did receive one today worded almost identically about Norton Antivirus.
1 person likes this
@Marcyaz (35316)
• United States
16 Jan 16
@BelleStarr I haven't received that one as I used to have Norton Antivirus a long time ago and did not find them to be very affective.
1 person likes this
