You can choose to reject this Agreement to Arbitrate ("opt out") by mailing us a written opt-out notice ("Opt-Out Notice"). For new PayPal users, the Opt-Out Notice must be postmarked no later than 30 Days after the date you accept the User Agreement for the first time. If you are already a current PayPal user and previously accepted the User Agreement prior to the introduction of this Agreement to Arbitrate, the Opt-Out Notice must be postmarked no later than December 1, 2012. You must mail the Opt-Out Notice to PayPal, Inc., Attn: Litigation Department, 2211 North First Street, San Jose, CA 95131.
The Opt-Out Notice must state that you do not agree to this Agreement to Arbitrate and must include your name, address, phone number, and the email address(es) used to log in to the PayPal account(s) to which the opt-out applies. You must sign the Opt-Out Notice for it to be effective. This procedure is the only way you can opt out of the Agreement to Arbitrate."
Here are my simplified step-by-step instructions on how to Opt Out, according to PayPal's requirements.
Materials:
1 piece of paper
envelope
stamp
pen
1. On the piece of paper print out or write this short letter:
(Today's Date)
To Whom it May Concern,
I do not agree to this Agreement to Arbitrate (Section 14.3).
(Your signature, signed with the pen)
(Your Name, printed legibly)
(The address you have in your PayPal profile. Now is a good time to update your profile, if you want)
(The telephone number you have in your PayPal profile)
(The email address you use to sign in to PayPal)
2. SIGN THE LETTER with your signature in ink.
3. Address the envelope to:
PayPal, Inc., Attn: Litigation Department
2211 North First Street
San Jose, CA 95131
4. Put the stamp on the envelope and mail the letter right away.
There! Now you are protected and can be part of a class action suit, should the need arise.
Article comments
1 - namaste36
Adding a delivery confirmation on the sent letter would also be advised. This way you can have proof your letter didn't get lost in the mail.
2 - Lynette Yetter, author of 72 Money Saving Tips for the 99%
That's a great idea, namaste36! Thanks for posting this valuable comment.
3 - cp256
PayPal just $uck$. I sent my opt-out in today. Anyone who uses ebay is virtually forced to use PayPal. PayPal should be forced to integrate other payment services.
4 - Igor
It's dreadful, but this is the consequence of allowing a monopoly to develop. It's hard to find a champion to fight this monopoly because there are so many monopolies eligible for legal action.
5 - olen
point of information