Payments Terms of Use Update - Feb 1

[valueaddedresource]

Just got this email.....off to do more reading. 🙃

[valueaddedresource]

Here's the link if anyone wants to read along.

https://pages.ebay.com/payment/2.0/terms.html#intro 

[philsumm]

I would prefer that ebay simply tell me what has changed but I suppose that's not going to happen.

[mcdougle4248]

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@valueaddedresource wrote:

Just got this email.....off to do more reading. 🙃

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For some this update is already in effect and for some it goes into effect on March 17th...not sure why the email says February 1, 2021.  Enjoy the read 😴

[mcdougle4248]

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@philsumm wrote:

I would prefer that ebay simply tell me what has changed but I suppose that's not going to happen.

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Me, too!  We have asked many times for eBay to call out the changes on these updates...I doubt it will ever happen.

[valueaddedresource]

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@mcdougle4248 wrote:

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@valueaddedresource wrote:

Just got this email.....off to do more reading. 🙃

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For some this update is already in effect and for some it goes into effect on March 17th...not sure why the email says February 1, 2021.  Enjoy the read 😴

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@mcdougle4248  I didn't even notice that. Not a great start is it? 🤣

[koinonia215]

Yes- definitely agree! There is no reason why this cannot be done. Or at least highlight the changes in the text if they are too lazy to do that.

[bbravo65]

...too many "effective"...oh bother...!

[mcdougle4248]

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@bbravo65 wrote:

...too many "effective"...oh bother...!

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Just for you @bbravo65 

[gregmm]

Is anyone opting out of the arbitration part?

[go-bad-chicken]

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@gregmm wrote:

Is anyone opting out of the arbitration part?

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Not sure yet.

But just to make sure that every seller here is informed; if sellers wants to choose to "Opt Out" of arbitration, due beware that you will only have 30 days to do so. After that you will automatically be opted into the arbitration route.

......I am pretty sure that this is the main point of what eBay has changed in this new update.

Here is a link to the new agreement:

https://pages.ebay.com/payment/2.0/terms/#article-1 

Part II (“Additional Terms for Services Provided by eCI”) of these Payments Terms of Use contains an Agreement to Arbitrate which will, with limited exception, require you to submit claims you have against us or our agents to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (see Part II, Section 4 (“Legal Disputes”), Subsection B ("Agreement to Arbitrate")).

If you do not opt out: (1) you will only be permitted to pursue claims against us or our agents on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.

•  

• Part 2

• 4. Legal Disputes

• B. Agreement to Arbitrate

• 5.Opt-Out Procedure

  IF YOU ARE A NEW USER OF OUR PAYMENT SERVICES, YOU CAN CHOOSE TO REJECT THIS AGREEMENT TO ARBITRATE ("OPT-OUT") BY MAILING US A WRITTEN OPT-OUT NOTICE ("OPT-OUT NOTICE"). THE OPT-OUT NOTICE MUST BE POSTMARKED NO LATER THAN 30 DAYS AFTER THE DATE YOU ACCEPT THESE PAYMENTS TERMS OF USEFOR THE FIRST TIME. YOU MUST MAIL THE OPT-OUT NOTICE TO EBAY INC., ATTN: LITIGATION DEPARTMENT, RE: OPT-OUT NOTICE, 583 WEST EBAY WAY, DRAPER, UT 84020. ANY SUCH OPT-OUT NOTICE ADDRESSED TO AND RECEIVED BY EBAY WILL ALSO BE DEEMED TO BE RECEIVED BY ECI, IF SUCH OPT-OUT NOTICE REGARDS SERVICES OFFERED BY ECI.

•  

• For your convenience, we are providing an Opt-Out Notice form. You must complete and mail that to us in order to opt out of the Agreement to Arbitrate. You must complete the Opt-Out Notice form by providing the information called for in the form, including your name, address (including street address, city, state and zip code), and the user ID(s) and email address(es) associated with the eBay Service 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. If you opt out of the Agreement to Arbitrate, all other parts of these Payments Terms of Use and its Legal Disputes Section will continue to apply to you. Opting out of this Agreement to Arbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us.

[go-bad-chicken]

Here is what the eBay Opt Out form looks like and the link to where it can be found.

https://pages.ebay.com/policies/arbitrate-optout.html 

[valueaddedresource]

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@go-bad-chicken wrote:

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@gregmm wrote:

Is anyone opting out of the arbitration part?

---

Not sure yet.

But just to make sure that every seller here is informed; if sellers wants to choose to "Opt Out" of arbitration, due beware that you will only have 30 days to do so. After that you will automatically be opted into the arbitration route.

......I am pretty sure that this is the main point of what eBay has changed in this new update.

Here is a link to the new agreement:

https://pages.ebay.com/payment/2.0/terms/#article-1 

Part II (“Additional Terms for Services Provided by eCI”) of these Payments Terms of Use contains an Agreement to Arbitrate which will, with limited exception, require you to submit claims you have against us or our agents to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (see Part II, Section 4 (“Legal Disputes”), Subsection B ("Agreement to Arbitrate")).

If you do not opt out: (1) you will only be permitted to pursue claims against us or our agents on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.

•  

• Part 2

• 4. Legal Disputes

• B. Agreement to Arbitrate

• 5.Opt-Out Procedure

  IF YOU ARE A NEW USER OF OUR PAYMENT SERVICES, YOU CAN CHOOSE TO REJECT THIS AGREEMENT TO ARBITRATE ("OPT-OUT") BY MAILING US A WRITTEN OPT-OUT NOTICE ("OPT-OUT NOTICE"). THE OPT-OUT NOTICE MUST BE POSTMARKED NO LATER THAN 30 DAYS AFTER THE DATE YOU ACCEPT THESE PAYMENTS TERMS OF USEFOR THE FIRST TIME. YOU MUST MAIL THE OPT-OUT NOTICE TO EBAY INC., ATTN: LITIGATION DEPARTMENT, RE: OPT-OUT NOTICE, 583 WEST EBAY WAY, DRAPER, UT 84020. ANY SUCH OPT-OUT NOTICE ADDRESSED TO AND RECEIVED BY EBAY WILL ALSO BE DEEMED TO BE RECEIVED BY ECI, IF SUCH OPT-OUT NOTICE REGARDS SERVICES OFFERED BY ECI.

•  

• For your convenience, we are providing an Opt-Out Notice form. You must complete and mail that to us in order to opt out of the Agreement to Arbitrate. You must complete the Opt-Out Notice form by providing the information called for in the form, including your name, address (including street address, city, state and zip code), and the user ID(s) and email address(es) associated with the eBay Service 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. If you opt out of the Agreement to Arbitrate, all other parts of these Payments Terms of Use and its Legal Disputes Section will continue to apply to you. Opting out of this Agreement to Arbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us.

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Thanks @go-bad-chicken ! I'm still trying to parse any differences and what they might mean, but you are right, changes in the arbitration clause and opt out procedure are very important for sellers to be aware of. 

[bbravo65]

@mcdougle4248 

...love it...Winnie the Pooh!

...thank you...!

[bbravo65]

@gregmm 

...may you explain more about that "arbitration part"...?

...many thanks...!