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I thought Paypal had a "no class action suits" thing a long time ago? But I'm sure they can update their policy as often as they want to catch any newer users, loop-holes that have been found, ect. I was thinking about something the other day: When PayPal holds funds on "new eBay sellers" until the buyer receives their item, is there not some kind of law stating that there should be interest paid to the person who's money is held by a large financial institution? I'm thinking this falls aling the same lines as an escrow account on a mortgage, as an example. I could be totally wrong on this... but I just can't help but think that Paypal/eBay has something to gain financially by holding on to those funds for an extra week or three.
Why haven't I heard about this before. Did they send out something about it hidden in a PayPal user update?
Does it includes PayPal transactions outside of eBay? I'm not in US, but want to opt-out of this. Is it even possible?
I don't really ever plan to join a class action suit (for ANY reason), so this... this won't affect me. I would stop using paypal when I stop agreeing to their terms... That hasn't happened... yet. But it's good to know this information, so thank you