Quote from: JoelKatz on August 14, 2013, 09:58:05 AM

Quote from: TheJamesFund on August 14, 2013, 09:45:37 AM

Just to let you know I am Suing Paypal for the same thing, but I have proof that paypal is fraud. I had a friend paypal me for $110 stating its is for bitcoins. Even though my friend DID NOT make a claim, paypal reversed the money back to him...Paypal made there own judgement. I have lost $9000 over paypal where they deducted the funds out of my bank account AFTER 10 deposited into my account saying they suspected I was a scam when I had the account with them over 7 years AND a powerseller on ebay. They reversed not only the charges they thought was a fraud but reversed the bank deposits that was credit to my account OVER 10 days old. Left my account negative cause I wrote checks and wire more money to buy more BTC to sell. According to Paypal TOS you can only sue them individually now and not a class action suit. If you like to sue them and had significant loss, you can contact a local attorney to help you. It will cost $500 or so but you will get it back.

The buyers still owe you the money, you should sue *them* not PayPal. Much as I dislike PayPal (many of you probably know my PayPal horror story) they are perfectly within their rights to disintermediate themselves from a transaction they don't wish to be a part of.

Paypal has no right to withdraw out of the bank account after the deposit is made, especially after 10 days. Anyways, I was awarded damages and collection cost. In my situation, there was no charge backs. Paypal withdrew money out of my account to hold funds and not because of charge backs.