Paypal Slips 'No Class Action' Clause Into Policy Update

First time accepted submitter Guru80 writes "PayPal recently posted a new Policy Update which includes changes to the PayPal User Agreement. The update to the User Agreement is effective November 1, 2012 and contains several changes, including changes that affect how claims you and PayPal have against each other are resolved. You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis. With so many privacy policies changing to include such wording, does it really hold any weight if some obscure and buried opt-out option isn't checked?"

Comments

Re:Legal?

[Moblaster]

You have the right to remain silent.

Re:You can actually opt out? Yay!

[dkleinsc]

At least you don't have to deliver your opt-out notice in person and wrestle a grizzly to get inside their offices.

That's a fantastic idea. We'll be back with another contract update soon.

Thanks,
PayPal legal department

Furthermore

[ThatsNotPudding]

"Lastly, the agreement must be accompanied by six Unobtainums (TM) breakfast cereal boxtops (15 lb. boxes only), each featuring a Notary Public seal from the Third Bank of Neptune. The agreement must have been written on parchment during the reign of Charlemagne."