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Paypal payback...
Written by Daniel   
Friday, 29 September 2006 12:06
PayPal pays off AGs over Ts & Cs
Less backward in coming forward
By Drew Cullen in San Francisco
Published Thursday 28th September 2006 19:04 GMT
The Register 

PayPal today promised to treat its US customers a little better and to pay $1.7m for the costs of a States investigaton into its terms and conditions.

The eBay-owned internet payments service has agreed with the Attorneys General of 28 states to shorten its user agreement and be less backwards in coming forward over its protection programs. And it is shelling out $1.7m to cover the states' costs in examining the company.

Also today, the company said it has reached a preliminary settlement in a class action suit, filed in 2005, alleging that it did "not clearly communicate information about its consumer protection programs related to specific types of transactions".

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