OT: Changes to Paypal User Agreement/Policy

[cmcclelland]

It's actually a bigger deal than you might think. It's not about what we might potentially receive in compensation for something Paypal might do against us. What is important about this is the fact that Paypal (and lots of other big companies that are implementing these anti-consumer no class action clauses) does not have to worry any more about screwing millions of people out of a few bucks each since they know that no one is going to pursue a case against them individually for such a small amount.

Without the threat of a class action, these big companies have to incentive to make sure they don't screw up and take advantage of people for a few bucks here and there. I'm not saying that companies are intentionally trying to screw people over, but with these new user agreements that bar class actions if they "accidentally" screw millions of people out of a few bucks each, then there is no mechanism for them to be held accountable.