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psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
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| Posted: Mon Jun 18, 2007 12:14 pm Post subject: PayPal Launches Payment Review for Riskiest Transactions |
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PayPal is launching Payment Review later this summer in order to reduce fraudulent transactions. PayPal will identify those transactions it believes may pose a risk and will keep those transactions pending while it investigates them. Once PayPal completes the transaction, sellers will be protected 100 percent - on those transactions. (All other transactions will be covered under the seller protection policy, as they currently are.)
PayPal said it believes the new procedure will have a big positive effect in reducing chargeback issues for sellers.
more.. link to news article |
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galateasheirlooms
Joined: 19 Jun 2007
Posts: 268
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| Posted: Wed Jun 20, 2007 1:07 am Post subject: Re: PayPal Launches Payment Review for Riskiest Transactions |
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| Sounds to me like Paypal is looking for a new reason to freeze accounts and use high-volume sellers as a freebie loan from time to time. Protection for sellers will be guarded by loopholes and empty promises with an occasional happy story where the system worked the way it was supposed to. Hope I'm wrong. :cry: |
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elgato
Joined: 24 Feb 2005
Posts: 17227
Location: Texas
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| Posted: Wed Jun 20, 2007 7:34 pm Post subject: Re: PayPal Launches Payment Review for Riskiest Transactions |
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Related article:
http://www.powersellersunite.com/viewtopic.php?t=12245 |
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nopaypal
Joined: 23 Feb 2006
Posts: 2008
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| Posted: Tue Jun 26, 2007 4:52 pm Post subject: Re: PayPal Launches Payment Review for Riskiest Transactions |
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Quote: › docWrite("quote")Sounds to me like Paypal is looking for a new reason to freeze accounts and use high-volume sellers as a freebie loan from time to time.
they need a reason???
:shock: |
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