If you are a current or former user of PayPal in the United States. The Settlement resolves a lawsuit in which Plaintiffs allege that PayPal improperly handled disputed transactions on PayPal accounts and improperly placed holds and reserves on accounts or closed or suspended accounts.
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Plaintiffs also allege that PayPal failed to provide annual error-resolution notices and monthly account statements under the Electronic Fund Transfer Act.
If you are a current or former user of PayPal in the United States who had an active PayPal account between April 19, 2006 and November 5, 2015, this Notice describes your rights and potential benefits from a class action settlement.
You are part of the Settlement if you had an active PayPal account between April 19, 2006 and November 5, 2015. And if a hold or reserve was placed on your account and/or your account was closed or suspended by PayPal between April 19, 2006 and November 5, 2015"
https://www.accountholdsettlement.com
https://www.accountholdsettlement.com/Content/Documents/Settlement%20Agreement.pdf