Re: PayPal Steals My Money a Week Before 180 Days Quote:
Originally Posted by NorthPoleWarehouse Yeah, legitimate just spoke to a lawyer online who couldn't help with the letter since they weren't local or free but did tell me PayPal will cave in every time even if somebody was selling something illegal. The problem with PayPal too is they never tell you specifically what you did wrong either that's how he knew what they were doing was illegal.
He says what they're doing is illegal if they make you wait for 180 days only to keep the money and they know it so they will not in most cases stand their ground but he told me to contact somebody locally during business hours and get that letter drawn up. So that's a third person confirming this letter, just amazing how I'm just finding out about this letter now. LOL!
PayPal can't ignore demand letters because they know the next step is the court and they don't want to lose more money than it's worth. For PayPal, $11k is small change, if it were millions that'd be worth a fight for them. | Big law firm in Los Angeles told me the opposite, that demand letters don't work: (1) we do not write demand letters on contingency; (2) $400,000 is below our threshold for an individual lawsuit (should the demand letter fail you will need to litigate this case – which it will. Paypal does not simply roll over with a demand letter; they fight everything); (3) Paypal’s terms and conditions mandate arbitration which is a much less favorable forum for plaintiffs than court; and (4) Paypal’s terms and conditions now contain a class action waiver which means no one can bring class actions against Paypal anymore which were the only truly viable cases (financially and legally).
I can pay a lawfirm $10,000 retainer to initiate arbitration proceedings, but first, trying a 5th demand letter on my own. The first 4, all throughout 2020, have all been ignored by their Litigation Department even though I followed their directions and submitted this form each time, supposed to get a response within 30 days: https://www.paypal.com/us/webapps/mp...notice-dispute
Last edited by cs38; 11-01-2020 at 05:50 PM.
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