Suing PayPal

[Bharel]

Bitcoin community,

I have been scammed for a few thousand dollars on eBay + PayPal (over 80 BTC). After selling the bitcoins, all of the buyers filed a chargeback, and PayPal returned the whole funds to them out of my account, and on top of all charged me with PayPal and chargeback fees.
I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim. We will probably sue them for committing and allowing fraud through their systems, without supervising.
I have contacted PayPal 13 times already, regarding the claims but to no avail.

Since I believe a few others were scammed the same way, I wish to sue as a group against this massive corporation.

Does anyone wish to form a group?

[tysat]

Pretty sure paypal does not allow currency exchange, so this probably going nowhere.  It's what you get for taking a currency that can be reversed when selling one that can't.

[BTCClicks]

That's not gonna happen. Buying and selling virtual currencies is against paypal's TOS. They won't help you with such charge-backs.

[RapeFace]

That's not gonna happen. Buying and selling virtual currencies is against paypal's TOS. They won't help you with such charge-backs.

exactly what these guys have said. you agreed to their terms of service and that includes not trading other currencies. pretty crappy 'attorney' you have there

[Bharel]

The do allow it. They allow virtual items/currency, and they said it when we called them. They just don't hand seller or buyer protection, but still allow chargebacks. In this case, PayPal just wants to enjoy the benefits of receiving a good sum, from people getting scammed. I have already cancelled my credit card to fight against the fraud, so they will not be able to charge it. Talked to the credit card company, and they said it seems to be a fraud to them so they allowed cancelling it.

[wunch]

Bitcoin community,

I have been scammed for a few thousand dollars on eBay + PayPal (over 80 BTC). After selling the bitcoins, all of the buyers filed a chargeback, and PayPal returned the whole funds to them out of my account, and on top of all charged me with PayPal and chargeback fees.
I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim. We will probably sue them for committing and allowing fraud through their systems, without supervising.
I have contacted PayPal 13 times already, regarding the claims but to no avail.

Since I believe a few others were scammed the same way, I wish to sue as a group against this massive corporation.

Does anyone wish to form a group?

5 minutes on Google would have told you that 99% of all ebay/paypal btc transactions end in tears. This is why you send something physical to have a tracking number i.e " your buying my autograph with a free bitcoin". Good luck trying to prove that you did send the coins (what with anonymity and all) people have been refused dispute videoing themselves sending them. Sounds like your attorney has spotted you as a mark as well.

[slavix]

Bitcoin community,

I have been scammed for a few thousand dollars on eBay + PayPal (over 80 BTC). After selling the bitcoins, all of the buyers filed a chargeback, and PayPal returned the whole funds to them out of my account, and on top of all charged me with PayPal and chargeback fees.
I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim. We will probably sue them for committing and allowing fraud through their systems, without supervising.
I have contacted PayPal 13 times already, regarding the claims but to no avail.

Since I believe a few others were scammed the same way, I wish to sue as a group against this massive corporation.

Does anyone wish to form a group?

I am interested in joining you. I was scammed the same way as you for thousands of dollars. I used localbitcoins.com and have a digitally signed proof of delivery for every sale. Yet Paypal just took money out my account.

[bongwater]

Bitcoin community,

I have been scammed for a few thousand dollars on eBay + PayPal (over 80 BTC). After selling the bitcoins, all of the buyers filed a chargeback, and PayPal returned the whole funds to them out of my account, and on top of all charged me with PayPal and chargeback fees.
I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim. We will probably sue them for committing and allowing fraud through their systems, without supervising.
I have contacted PayPal 13 times already, regarding the claims but to no avail.

Since I believe a few others were scammed the same way, I wish to sue as a group against this massive corporation.

Does anyone wish to form a group?

Wait why did ALL of your customers due paypal chargebacks???

[xboxgames]

PayPal does not offer protection for these, as they have 0 way to verify tht you did or did not deliver. 

If you take them to court, you are losing a ton of money, and your case will lose.  Your attorney is a complete idiot to think he will win, or he is scamming you also by lying to you.

DO NOT USE PAYPAL.

<~~~ former PayPal employee.  Hate that BS company.

[bongwater]

Sue the bastards!

[casascius]

PayPal does not offer protection for these, as they have 0 way to verify tht you did or did not deliver.  

If you take them to court, you are losing a ton of money, and your case will lose.  Your attorney is a complete idiot to think he will win, or he is scamming you also by lying to you.

I reluctantly have to agree.  You're going against Goliath armed with nothing but a spitball and a straw.  You have a better chance of memorizing the SHA256 algorithm and brain-mining a block of coins.

I would take that same anger and energy and channel it to a place where you can make a change.  There are many.

[msk]

Pretty sure paypal does not allow currency exchange, so this probably going nowhere.  It's what you get for taking a currency that can be reversed when selling one that can't.

Paypal does currency exchange at a premium. it's cheaper to let your bank do it.... and cheaper to get BTC exchanges to convert to USD/CAD/JPY/EUR/GBP than with your bank.

[Baitty]

Always use you're bank for cases like this.

[bernard75]

I am willing to sue PayPal for the act, and already contacted an attorney who believes we have a claim.

They always do, watch out or you will be scammed again.

[xfob]

Paypal doesn't allow currency exchange at all. Also, most eBay prices for selling BTC and every other coin is grossly inflated. As a seller you should have known no one would pay that much for the value of a BitCoin when they can purchase it at market price.

[mprep]

Give it up. Sueing paypal will only make you lose more money instead of getting any of it back. They consider Bitcoin as a virtual currency thus it can't be used to trade with using Paypal. Anyways, if you're still going against it, I reccommend to find a lawyer that gets paid only if you win the case. And it better be a good one because you're going to need all the help you can get.

[iram9019]

Good luck suing paypal.

[bernard75]

Anyways, if you're still going against it, I reccommend to find a lawyer that gets paid only if you win the case.

Try it with your lawyer and watch him run.

[Lethn]

I'm no lawyer but people should know by now that Terms of Service means jack shit, companies can't just put whatever the hell they like and expect the law to back them up, EA will tell you that license agreements and terms of service are never legally binding unless it's officially backed up by the courts.

[ranlo]

That's not gonna happen. Buying and selling virtual currencies is against paypal's TOS. They won't help you with such charge-backs.

This right here. If anything, they may turn the tables on you and charge you for transmitting money without a license.