Yes they do, and thats why we needed a judge to rule that he would hear the case in open court. On the principal that this is not a small claims case as it is WELL over $5,000, and furthermore as this case has criminal actions.

The reason Paypal binds that arbitration is because they know that a lot of what they do is Illegal and if it ends up in a court room ( which is very very very very rare ) they just try and buy the prosecution off with a minimal stipens and slap them with an NDA. The difference here being, we are not just seeking compensatory and punitive damages. I do not have a "buy me off" value and will NOT be signing and NDA unless paypal is FULLY held accountable for their criminal actions.

This isnt about money, anybody who knows me personally knows that the bitcoin i hold is more than enough to live off for 4 lifetimes. Even if this entire lawsuit goes array, i have decided personally that here and now is the time paypal starts having to play by the rules, and if needed i will still continue to lead a massive movement against paypals criminal actions. Just in the bitcoin community alone i have been contacted by WELL over 1,500 people now who have almost the same experience with paypal.

Its the same principal as doctor assisted suicide. Killing another human being is a crime, just because they sign a piece of paper agreeing "hey, its ok to kill me now, i want to die" does not make it legal as many courts have ruled hundreds of times. Its the same with paypal. 70 % of their standard business practice is illegal by charge of the FTC, SEC and several other regulatory bodies. Just because you check a box saying you agree to let them treat you with disregard to the law, does not make it legal.

Thus far paypal has been able to buy off anyone who challenges them, but most people who challenge them are opposing over a few thousand dollars, so when paypal says "fine heres your money, but you sign this NDA first" people just take it as they know they have not the financial means to continue to peruse paypal. I on the other hand have a great legal team who actually to this point have refused to take any more money from me, and even if it gets to the point i need to pay, i can go toe to toe with paypal for a VERY long time as a result of all the wonderful life changes bitcoin has brought me.

paypal after all has not made a profit a single year in business yet, and the only thing keeping them afloat is ebays seller fees.

For the rest of you who want to repeat the same post over and over:

I am well aware paypal is probably following this thread with a fine tooth comb. But with that, they are also aware that i have thousands of people who want to take action too, and even though we cannot combine lawsuits into class action, they are aware that i am not going to stop and that even if i lose thousands of people from the bitcoin community alone are going to have someone to help them, and lead them into their own actions as a group. Not to mention how many people will stand up against paypals illegal actions once they know there is a group leading a charge against them that are not part of bitcoin.

In summary: The crime that has been allowed to continue for a decade now will stop here, and it will stop now. WE WILL TAKE A STAND even if i lose. you can silence one or two, but you cannot silence the masses.

I've been selling on eBay since 2000 - this is a bad idea. Paypal transactions that are digital based (gift card codes, iTunes codes, BTC) have no recourse for a chargeback.

You will almost certainly be the victim of a chargeback

you realize that by asking people to pay as a gift on your listing, you are in violation of ebay policies right?  I'd be surprised if some of these aren't investigated and you lose your ebay privileges...

This.  Regardless of funding method, it is reversible.  CC is just easier to do since the CC company will say screw PP if PP declines to chargeback and the CC will chargeback anyways.  But PP has its own chargeback mechanism and even if you pay with bank account or PP Funds, you can still chargeback if you dispute with PP and win.

behave yourself. rudeness leads to bad karma and bad karma leads to negative ebay feedback, if you catch my drift ; )

It was PayPal's policy to not act as a currency exchange service even before BitCoin came around. This is not a new policy.

The odd part is why eBay is still allowing the sale of BitCoin when it is against PayPal's policy. They could easily restrict the sale on the auction site.They are the same company.

Where do you see this message?