Share:
POST
TWEET
SHARE
SHARE
EMAIL

PayPal expand protection for US buyers and sellers

By Chris Dawson June 19, 2008 - 6:07 pm

PayPal have announced improvements to both buyer and seller protection for users in the US. The cap on buyer protection is being removed for most transactions, so that buyers have unlimited protection against items not received or significantly not as described, whatever the purchase price. Scott Thompson, PayPal’s President said “we’re providing protection whether a transaction costs $50 or $50,000.”

For US sellers on eBay.com, seller protection is being widened to include transactions in the 190 countries in which PayPal operates. Sellers will be covered against claims, chargebacks and reversals due to an unauthorised payment or an item that was not received. The coverage cap for this will also be removed.

The changes are due to be implemented this autumn.

Comments are closed.

Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.

PayPal

PayPal Working Capital is a merchant cash advance linked directly to your PayPal account.

See More Companies >

Recent Comments

22 hours ago
Rob: @Alan, yes ebay is probably the best platform to start a business on. Once you...
22 hours ago
Noel Vance: FINAAAAAAALLLLLLLLLLYYYYYYYYYYYYYYYYY !!!!!!!!!!!!!!!!!!!!! They made 'next day delivery' a requirement for business sellers but never made it...
1 day ago
Alan Paterson: @ Jonty, i think he is exaggerating. Money is withheld for new starts but its...
1 day ago
SAM: I was chatting with a lad the other night and he was telling me about...