PayPal to Pay Off Client Accounts Frozen, Suspended

PayPal to Pay Off Client Accounts Frozen, Suspended

OAKLAND, Calif. — If you or your company had an active PayPal account frozen or terminated between April 19, 2006, and Nov. 5, 2015, you may eligible for a settlement payment of up to $440 per account.

In the five-year-old class action case of Zepeda v. PayPal, both parties have agreed to a settlement with regards to allegedly improper account holds PayPal placed on some of its customers.

PayPal recently released a notice of settlement, directing users to AccountHoldSettlement.com to file a claim and learn more about the case itself. A May 10 deadline has been set for all settlement filings.

Class-action plaintiffs alleged in the suit that PayPal and its partner at the time, eBay, had placed inappropriate holds or reserves on sellers' funds.

The organizations were also accused of failing to provide annual error-resolution notices and monthly account statements, as per terms of the Electronic Fund Transfer Act.

PayPal has denied all allegations but has agreed to the terms of the settlement to "avoid the costs and uncertainty of a trial."

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Biird Introduces 'Together' Intimacy Card Game

Biird has debuted its new card game, Together, designed to promote intimacy in couples.

Aylo Says It Will Comply With UK Age Assurance Requirements

Tech and media company Aylo, which owns various adult properties including Pornhub, YouPorn and Redtube, plans to introduce age assurance methods in the United Kingdom that satisfy government rules under the Online Safety Act, the company has announced.

Kyrgyzstan Parliament Approves Measure Outlawing Internet Porn

The Supreme Council of Kyrgyzstan on Wednesday passed legislation outlawing online adult content in the country.

Octavia Red Stars in Elegant Angel's 'Red, White & Blu'

Octavia Red stars in the new Fourth of July-themed featurette from Elegant Angel, titled "Red, White & Blu."

BeYourLover Debuts 'Wavey' Vibrating Wand

Pleasure brand BeYourLover has introduced its new Wavey four-in-one rotation and suction vibrating wand.

Amanda Riley Toplines Latest 'TS Taboo' From TransSensual

Amanda Riley headlines the 10th volume of "TS Taboo," from Mile High Media studio imprint TransSensual.

August Skye Stars in Latest Installment of 'Under the Bed'

August Skye stars with Codey Steele and Josh Rivers in the season two premiere of Pure Taboo series "Under the Bed," titled "House of Silk."

Trial Set for Lawsuit by U Wisconsin Professor Fired Over Adult Content

A trial date of June 22, 2026, has been set for the civil lawsuit filed by veteran communications professor Joe Gow against the University of Wisconsin board of regents, which fired him for creating and appearing in adult content.

New UK Task Force Meets to Target Adult Content

The architect of an influential report that recommended banning adult content deemed “degrading, violent and misogynistic” has convened an “Independent Pornography Review task force” aimed at translating that report’s findings into action in the U.K.

Krystal Sparks Fronts Latest From MYLF

Krystal Sparks stars with Enzo East in the latest release from MYLF, titled “Pleasure Teacher.”

Show More