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psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
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| Posted: Wed Jan 10, 2007 3:51 pm Post subject: PayPal expands protection coverage for eBay customers |
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Jan 10 (Reuters) - U.S.-based Web auction company eBay (EBAY.O: Quote, Profile , Research) and PayPal said they expanded their buyer protection program and will now give buyers up to $2,000 of coverage for qualified transactions on eBay.com.
The PayPal buyer protection program covers qualified transactions on eBay for non-delivery of items, and for the delivery of items that are significantly not as described, the companies said in a statement.
EBay will no longer offer purchase protection for non-PayPal transactions, the companies added. (Reporting by Anant Vijay Kala in Bangalore)
link to news article |
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nopaypal
Joined: 23 Feb 2006
Posts: 2008
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| Posted: Thu Jan 11, 2007 12:44 pm Post subject: |
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i just like this quote from ebay's announcement:
SPPP is flawed, because it offers coverage on the riskiest payment methods. This is clearly not in the best interests of the marketplace long-term.
IOW, not in the best interests of ebay...
:roll: |
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diesel
Joined: 13 Aug 2006
Posts: 145
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| Posted: Thu Jan 11, 2007 8:56 pm Post subject: Paypal is more dangerous to use for seller now? |
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Does that mean that it is more dangerous to use Paypal if you are a seller? Because of the new policy, it would most likely attract more "bad-eggs" to Paypal.
It is funny how Paypal continuously complicates matters with all their rules.
They should have just copied moneybookers' short and simple no-nonsense, nothing vague rules. |
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