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?"

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."

Re:Furthering the notions EULAs are a joke

[Chemisor]

No, you shouldn't. If the item's flaw was not intentionally caused by the seller, your burned down house is not his responsibility. Consider the case of you forgetting a lit candle next to the dishwasher. Unattended candles sometimes tip over and burn down houses; that does not mean that the candle maker is in any way liable for such events. You were at fault when you left the dishwasher unattended.

What you should have done, is check reviews of the product before you bought it. Reputation is the best guarantee for good products. A manufacturer with a good reputation would not want to lose it and would do whatever he can to ensure the quality of his products. Then you can improve your chances of not getting a bad product by buying a trusted brand. And when you do buy a badly made product, it's not the manufacturer who should pay for your mistake - it's you. Your action - your responsibility.