Topic: Suing PayPal (Read 1910 times)
It will cost you more money than the amount you can win to fight Paypal. They will drag the case out as well.
So it turns on PayPal's TOS vs common sense/public policy. Should PayPal be allowed to operate TOS that facilitate fraud?
It is hard to see exactly what the legal argument against PayPal would be. Their TOS are not illegal. The argument that they are aiding and abetting a fraud sounds interesting, but it seems like they have a good defense in claiming that the fact this type of fraud can occur is precisely the reason they don't allow the sale of BTC on Paypal.
Certainly there is a case against the the other party who received the BTC, if you can find them.
If proceeding with this suit, I hope you will follow up here. I'm very curious to see what happens with it.
Dont sell bitcoins for paypal never , ebay is targeted by credit card scammers , they are using stolen credit cards and stolen paypal accounts , so when the real owner finds out fills for unauthorized use.
Jeez, if everyone thought like most people responding to this thread, big corps would never change their ways!
PayPal's chargeback policy is terrible most of the time.
In the case of bitcoin, they probably think you can't prove the bitcoins were sent. That's patently wrong. The buyer requested you to delivery to a specific bitcoin address (easily proved), you sent the correct number of bitcoins from bitcoin address(es) under your control to the requested delivery address (easily proved) and the requested delivery address received the bitcoins (easily proved).
So it turns on PayPal's TOS vs common sense/public policy. Should PayPal be allowed to operate TOS that facilitate fraud?
If you can find a cheap or no win, no fee lawyer, you're good to go IMO.
PayPal's chargeback policy is terrible most of the time.
In the case of bitcoin, they probably think you can't prove the bitcoins were sent. That's patently wrong. The buyer requested you to delivery to a specific bitcoin address (easily proved), you sent the correct number of bitcoins from bitcoin address(es) under your control to the requested delivery address (easily proved) and the requested delivery address received the bitcoins (easily proved).
So it turns on PayPal's TOS vs common sense/public policy. Should PayPal be allowed to operate TOS that facilitate fraud?
If you can find a cheap or no win, no fee lawyer, you're good to go IMO.
While Paypal richly deserves to be sued for such things, the TOS are pretty clear. Better have the attorney review them. Paypal would likely have a good counter-claim against you.
wow paypal is a monster lol
I've had good experiences with selling BTC for paypal with escrow.. you could always clarify in a trade that BTC won't be released until you can clear paypal funds FROM paypal (by withdrawl or purchase)..
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.
You'd be amazed at how many people get themselves in trouble. There was an entire episode of Cops where people were calling the police to complain because they bought drugs and the person didn't deliver and they wanted to get them arrested for theft. Pretty entertaining, lol.
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.
I didn't get scammed by Paypal 
did get scammed by btcjam though but that was more at the fault of the user than them they just set up the network 
Oh and fuck you, I know what happens on this site if you agree to a bet lol
did get scammed by btcjam though but that was more at the fault of the user than them they just set up the network Oh and fuck you, I know what happens on this site if you agree to a bet lol
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.
license agreements and terms of service are never legally binding unless it's officially backed up by the courts.OK, sue paypal then. I'll lay you 350-1 odds you lose.
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.
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.
license agreements and terms of service are never legally binding unless it's officially backed up by the courts. 
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.
Good luck suing paypal.
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.
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.
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.
Always use you're bank for cases like this.
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.
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