Chinese Exporters Sue PayPal | Ramblings of an e-trader

Sunday, 21 August 2011

Chinese Exporters Sue PayPal

A group of more than 100 exporters from China are planning to launch a class action lawsuit against PayPal for cancelling orders and returning payment to buyers without valid reason. It is claimed that every month, more than USD100 million is frozen from accounts held by exporters from China.

According to PayPal, they took such action upon complaints from buyers that their PayPal accounts have been hacked, or that they did not receive their purchases. PayPal sided with buyers even though sellers are able to produce shipping invoices.


Post a Comment