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Old March 7, 2002, 08:05 PM
John David Bradshaw
 
Posts: n/a
Default Arbitration may prohibit lawsuits...

And, if you read the terms of
> service,
> you're not allowed to sue them. Very
> curious!

Joe,

If you read the fine print on your credit card service agreement, you may find that you can't sue them either. Many companies are going to arbitrators...and you can't sue in court. The arbitrators' decision is final.

The whole financial world is set up for the big guns...the little guy hasn't got a chance most of the time...unless some hot shot lawyer thinks he can get a lot of publicity by helping the underdog (and a 50% contingency fee!)

I believe Paypal is restricted from saying very much right now because of a post-IPO silent period. (Dien, do you know anything about restrictions on IPO offerings?)

Don't get me wrong...I'm a big fan of Ebay, and I offer Ebay payments and Paypal, both, with my auctions. I know that Ebay has tried to squelch competition in the past...so I am a bit suspicious. Of course, I thought "Conspiracy Theory" was a cool movie, too. :-)>

JDB




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