Ebay Sued for $30 Million for Overcharging Fees

Ebay Sued for $30 Million for Overcharging Final Value Fees

eBay is in the news again. But this time it's not for being the world's largest and best online marketplace, it's for overcharging their sellers for "final value fees."

eBay how could you? I've noticed the fee's were climbing, but dang!

The Details

A preliminary ruleing finds that eBay must pay $30 million in damages! The final hearing will take place on March 28, 2011 to determine the fairness of the ruleing in front of Honorable James Ware.

Initial charges were brought against eBay by plaintiffs Yingling and Scott. Yingling and Scott are individuals who are respresenting a vast majority of people, including sellers like you and mem who are known within the lawsuit as "Class Members."

Are You Affected?

Being a "Class Member" has been defined as anyone who paid "Final Value Fees" along with a listing fee in the category of “Parts & Accessories” on the eBay Motors website, in between April 21, 2005, and August 26, 2009. However, if you sold your item through the eBay "Store Inventory Format" you will not be included in this lawsuit.

Check Your Email

More than likely, if you are included in this lawsuit against eBay, you have been notified. Because eBays sales records were pulled and all qualifying salers were sent an email or snail mail package with a notice of the ebaymotorsfeeclassaction. So check your email inbox and spam folder to be sure!

Update Your Info!

You don't have to do anything but update your mailing information to recieve your portion of the settlement, if you qualify that is. You are urged to check & update your mailing address, if necessary at ebaymotorsfeeclassaction. And don't brush it off easy thinking yours is right. I have been a seller for like 8 years and when I checked just now, mine wasn't on file complete. So glad I checked! People who do not do so, or who have "undeliverable/uncashable checks" will have thier portion of the settlement donated to chairties or organizations approved by the court.

To update your info (or to simply check to be safe as I did), simply visit ebaymotorsfeeclassaction and click on the "How to Report a Change of Name or Address" link. There will be instructions on how to do so on the official page. Don't worry, I just updated mine, and it does not ask for personal info such as your eBay or Paypal passwords or such. You also have the option to call them specifically if you do not wish to update it online.

How to Contact Them?

However, if you feel you may qualify and didn't recieve any type of notice, please visit ebaymotorsfeeclassaction or email the Settlement Administrator by email at info@ebaymotorsfeeclassaction.com. You also have an option to call 888-206-2123, Monday through Friday, 8:00 a.m. to 5:00 p.m. for more info.