Paypal extend buyer protection
eBay have announced that as of next month, extended Paypal buyer protection will replace the old Standard Purchase Protection. Buyers who pay with Paypal will automatically receive Â£150 (or €200) worth of coverage against non-receipt or misdescribed items. Those buying from eligible sellers will be covered up to Â£500 or €1000.
This was rolled out in north America last January, and appears to be being implemented across all European sites from June. As I’ve said before, this is great news for most buyers, but takes yet more control out of the hands of sellers.
Sellers do not currently have the ability to block buyers without confirmed addresses or verified accounts, which means that they cannot insist on being made eligible for Paypal’s seller protection. Without this facility, sellers are left once more totally at the mercy of unscrupulous chargebacking buyers.