eBay Fraud Scams exposed

Another Class Action Lawsuit against PayPal is being settled. In particular, the lawsuit alleges that PayPal’s policies and practices constitute deceptive trade practices, fraudulent inducement and misrepresentations, and breach of the PayPal User Agreement. In plain English: this Class Action accused PayPal that it illegally cheated it’s customers who were not smart enough to back they PayPal purchase by a credit card.

So if you were denied full refund by PayPal on purchase you have made and could not recover your funds using a chargeback via your credit card, please take a look at the official Steele Case Settlement website for further information. Officially, here is the description of who qualifies:
On July 24, 2008, Judge Glasser entered an order granting preliminary approval of the Settlement and certifying the following “Class” for purposes of the Settlement: all U.S. based PayPal account holders who funded a PayPal transaction after February 1, 2004, using a source other than a credit card: (i) who subsequently requested a reversal of the transaction through PayPal’s prevailing Buyer Complaint Policy and/or Buyer Protection Policy (collectively, “Policies”); (ii) who did not receive a refund equal to 100% of their transaction payment in response to such request from PayPal or their bank; and (iii) who, through the timely submission of a Claim Form under oath, attest to a reasonable and good faith belief that they would have received a full reversal of such payment had they used a valid credit card in their possession at the time of the subject transaction to fund the payment and filed a timely chargeback request with their credit card issuing bank.