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My 3 cents worth.....a whine.

By
Real Estate Agent with RE/MAX Advantage

Three cent check

I received a check for 3 cents from an ebay settlement!

The are pretty demanding, however, and say that I have to cash it before 12/22/2011 or it will be no good. 

It's Christmas time, for Pete's sake, and I'm a busy person. 

I may not get to the bank by then and I'll bet no one will accept this check with a store purchase.

What if I buy a 10 cent coke and try to pay with this check and a few pennies. (Oh, I forgot!  There are no 10 cent cokes anymore.)

I guess I got paid pretty well on this class-action lawsuit because I saw where someone else just got 1 cent!!

Thanks, Mr. Class Administrator.

Show All Comments
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

It must have cost them well over 3¢ to send you that check.

Dec 10, 2011 08:50 AM
Anonymous
Mary Cargile

Barbara, last week I received a check for $18.04 from a settlement on a class action suit concerning  American Express  incorrectly figuring  dollar conversion on foreign purchases.  The check was made out in my old last name so it must have been from a 2003 trip to Cozumel before I met Bob.   I didn't know anything about the class action suit and still don't know anything about how I was included.....never did know that American Express cheated me !    

Well, I cashed my check this week but after all it was $18.01 more than yours....  don't know if I would have cashed it if it had been 3 cents.  I guess the nice thing for me to do would be to take you to lunch or buy you a glass of wine ...or two with my $18.04.

By the way, your 3 cents won't even pay the sales tax on a Coke now ! 

Dec 10, 2011 08:55 AM
#2
Charles Buell
Charles Buell Inspections Inc. - Seattle, WA
Seattle Home Inspector

Barbara, PARTY TIME---don't spend it all in one place :)

Dec 10, 2011 08:56 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Alan, you are so right.  It is almost ridiculous.  Actually, it IS ridiculous!

Dec 10, 2011 08:57 AM
Bud & Beth McKinney
RE/MAX UNITED - Cary, NC
Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United

Ridiculous and it made me laugh.  Are you getting mailing a 3 cent check.   Good Luck with cashing it.

Dec 10, 2011 09:04 AM
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

I wouldn't cash it!  I would frame it.  Of course, them it will mess up their bookkeeping.  They will have this outstanding check on the books.  Oh my, what to do, what to do!  MERRY CHRISTMAS!

Dec 10, 2011 09:09 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Mary, you are rich!  I'd RUN to the bank to cash that one.  With my little 3 cent one, however, the bank may even laugh at me.

Charles, I just can't decide what to do with so much money.

Bud and Beth, it is kinda funny, isn't it?

Jean, does it cost them anything if I cash it?  I'm not sure how banks handle checks.  Bet they'd laugh if I walked to the window to cash it, though.

Dec 10, 2011 09:27 AM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Alan (#1) is right it cost them more to send it out.  However, that is unimportant.  The important oart is the attorneys got paid their contingency fee of millions of dollars.

Mel

Dec 10, 2011 09:28 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Mel, there has to be a lot of money somewhere, obtained by someone, but I didn't get much. Truth is, I don't even know why I got this 3 cents.  I had no grudge against ebay.  I like ebay......

Dec 10, 2011 10:07 AM
Don Thompson
Donthomp Associates - Sunnyvale, CA

 

This was the yingling vs ebay settlement fund case c-09-01733

You got your piece of $30 million!

eBay Reaches $30 Million Settlement in Motors Fee Class Action

San Francisco, CA: eBay has reached a proposed $30 million settlement of a class action lawsuit alleging it had overcharged sellers in the eBay Motors Parts and Accessories category. 

The class action, filed by two eBay sellers on April 21, 2009 (and amended in June 2009), states "In particular, Plaintiffs allege that a web page known as the eBay Motors Fee Page sets the second fee, which was called either a Transaction Services Fee or Successful Listing fee; eBay instead charged a Final Value Fee, which Plaintiffs claim applies only to regular or "Core" eBay.com listings." 

On December 20, 2010, the Court preliminarily approved the Settlement and ordered that Notice be sent to all Settlement Class Members. The Court will hold a hearing on March 28, 2011 to decide whether to grant final approval to the Settlement, which will affect all Settlement Class Members. 

Under the Settlement, eBay will establish a Settlement Fund in the amount of $30 million. The Settlement Fund will be used to (1) reimburse, in part, Final Value Fees paid (net of any previous refunds) by the Settlement Class; (2) pay all expenses to provide this notice to the Settlement Class; (3) compensate Class Counsel and the Class Representatives (as discussed further below); and (4) distribute any leftover funds will be paid to entities to be approved by the Court.Settlement payments of less than $0.50 will not exceed processing and postage costs, so Class Counsel intends to seek Court approval to eliminate all settlement payments to Settlement Class Members that do not exceed $0.50. Whether such deminimus payments may be eliminated will be addressed by the Court at the final settlement hearing.

Payment to Settlement Class members will be proportional to the total amount of Final Value Fees (net of any previous refunds) each Class Member paid between April 21, 2005 and August 26, 2009 for selling Parts and Accessories, excluding listings in eBay Store Inventory Format. According to eBay's calculations, which are subject to finalization and revision, it is estimated that Settlement Class Members will be refunded approximately 6.67% of the Final Value Fees (net of any previous refunds) they paid for these listings. 

Dec 11, 2011 02:04 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Don, you do the best research and put it in comments.  I still can't figure out how I actually figure in this suit since I didn't do motor parts and accessories.  Guess they decided to refund everything even if it cost them to send the tiny checks.  Thirty million is pocket change to ebay.

Dec 11, 2011 08:11 AM
Anonymous
Debbie Wantulok

Well...since everyone is putting in their 2...I mean 3 cents...big smiles...I thought I might as well leave my suggestion...especially since the mystery is solved...way to go Mr. Don!...I was thinking you could cash it for 3 penny's...trying to get a penny from the year say your youngest grands were born...get them a penny folder and start them to collecting penny's...Framing is a good idea if you aren't going to cash it...but if you are...you might as well give it away...and then it would be the start of something rather than the end of something...well, that was my 2 cents...so you are still one up on me...just be sure and satisfy our curiosity by letting us know what you decide...at least you got the bigger number out of the 30 million...you got the 3...the only problem was the placement of the decimal...I guess if we find anyone unhappy with their Christmas we can always let them know they could have gotten a check for 3 cents for Christmas!  Enjoy!  You certainly live a life full of excitement Ms. Barbara!

 

Dec 12, 2011 04:05 AM
#12
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Debbie, great suggestion!  Pennies may become collectible before long because they'll quit paying to make them.  I heard it costs a nickel or so to may a penny.  So perhaps I should cash it and ask for uncirculated pennies or something like that.  Decisions....decisions.....: )

Dec 13, 2011 06:16 AM
Robert Vegas Bob Swetz
Las Vegas, NV

WOW Barbara ...

This is unbelievable and this would be a great check to frame and put on your wall, it might be worth more money when Ebay becomes ... well .. gone!

Your post has been featured at one of my favorite groups at AR ...

PARANORMAL STORIES & EXPERIENCES

   

Bgpic08222009030414_l

 VB ;o)

Dec 29, 2011 01:21 PM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Thank you, Vegas Bob!!

Dec 30, 2011 01:14 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Your welcome and did you frame the check or cash it?

;o)

Jan 04, 2012 05:56 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Jan 17, 2012 04:00 PM
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