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warshawlaw1. Paypal is feckless; more to the point, it is powerless to prevent you from asserting your rights with your credit card company. State laws in nearly every state permit you to dispute credit card charges, including in California where Paypal/Ebay are headquartered. I use a CC to pay for expensive cards via Paypal and if I get ripped off ever again as I did with those 2 fake OJS I bought I will not hesitate to dispute the charge.
2. Many of the posters here have a profound and unfortunate misunderstanding as to how class action cases work and follow the propaganda from the business lobby in bashing attorneys as a result. Contrary to what has been suggested, the lawyers do not dictate the fees in class action; the judge presiding over the case rules on the fee applications of the lawyers. If he disagrees with the number, he doesn't award it. It is the same as in bankruptcy court. Everyone in the case receives notice of the fee application and has the chance to oppose it if they like. You also do not realize how insanely expensive it is to handle these cases because of the great number of people who must be located, notified and served with paperwork. The sort of small consumer class actions like the Paypal case may not result in big $$ payoffs to everyone, but that is because the losses people suffered were not big $$ losses. The alternative to these cases is allowing companies like Paypal to screw everyone a little and keep their ill-gotten gains.
3. No offense, but anyone would have to be more than a little oblivious and greedy to think you would get a five-figure card for a hundred bucks. Ebay is very close to a perfect market from an information standpoint, meaning that everyone has the same access to the same information in real time. On a high-profile item it is inconceivable that it would draw only 1%-5% of value unless there is a significant problem with the listing or the item listed.