Ebay now has Binding Arbitration

[Tokimemofan]

Quote from the notice:
Updated provisions governing how disputes between eBay and eBay users are resolved.

The User Agreement contains an Agreement to Arbitrate, which will, with limited exception, require you and eBay to submit claims to binding and final arbitration, unless you opt-out of the Agreement to Arbitrate by November 9, 2012. Unless you opt-out: (1) you will only be permitted to pursue claims against eBay on an individual basis, not as part of 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.
The laws of the state of Utah will govern the User Agreement and any claim or dispute between you and eBay, unless otherwise stated in the User Agreement. If you opt-out of the Agreement to Arbitrate or it is found not to apply to you or a particular claim or dispute, any claim between you and eBay must be resolved exclusively by a state or federal court located in Salt Lake County, Utah.

[wingzrow]

So what does this mean for eBay sellers exactly?

[Tokimemofan]

So what does this mean for eBay sellers exactly?

If Ebay screws you, you can't sue them. This is the same thing Sony did "just in case" they let hackers runoff with passwords again. With Ebay taking buyer's side by default, this makes it even riskier than before. I personally take a trust but verify approach with Ebay. but this bothers me.