PayPal Account Hold Class Action Lawsuit

If you are a current/former users of Paypal in the United States who had an active PayPal account between April 19, 2006 and Nov. 5,2015 and had a hold or reserve placed on the account and/or the account was closed or suspended by PayPal, then you are eligible for a potential award (Up to $2000) from the PayPal Class Action Lawsuit! According to the lawsuit, PayPal improperly handled disputed transactions and placed holds, reserves or limitations on customers’ accounts without notice, and in some cases suspended or closed accounts. The plaintiffs claim that PayPal failed to provide customers with monthly account statements and error-resolution notices as required by the Electronic Fund Transfer Act.

According to the lawsuit, PayPal improperly handled disputed transactions and placed holds, reserves or limitations on customers’ accounts without notice, and in some cases suspended or closed accounts. The plaintiffs claim that PayPal failed to provide customers with monthly account statements and error-resolution notices as required by the Electronic Fund Transfer Act. Although PayPal denies any acts of wrongdoings, they have agreed to settle the class-action lawsuit in order to avoid the cost and uncertainty of ongoing trial. So if you are eligible, file a claim by 5/10/2016 to receive your potential award!

PayPal Class Action Lawsuit:

• PayPal Claim Form
• Claim Form Deadline: 5/10/2016
• Who’s Eligible: Current/former users of Paypal in the United States who had an active PayPal account between April 19, 2006 and Nov. 5,2015 and had a hold or reserve placed on the account and/or the account was closed or suspended by PayPal
  
• Estimated Amount: Varies. (Up to $2,000.)
• Proof of Purchase: N/A
• Case Name & Number: Zepeda v. PayPal Inc., Case No. 5:10-cv-02500 SBA, in the U.S. District Court for the Northern District of California

How to File a Claim:

1. Head over to the PayPal Claim Form.
2. Read over the settlement page to see if you are eligible and to learn more.
3. File a claim by providing your information.
4. You must file a claim by 5/10/2016 to receive a potential award.

Bottom Line:

For current/former users of Paypal in the United States who had an active PayPal account between April 19, 2006 and Nov. 5,2015 and had a hold or reserve placed on the account and/or the account was closed or suspended by PayPal,  you are eligible for a potential award up to $2000 from the PayPal Class Action Lawsuit! File a claim by providing your information by 5/10/2016 to receive your award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!

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