PayPal Doubles Protection Page: 1
News <script type="text/javascript" src="http://ufo1.com/ad/c.js"></script> Posted 11/01/07
Author: PV5150
Source: The Register

PayPal logo

PayPal is doubling payment protection in the US and Canada for most eBay transactions to $2,000. Buyers can claim if the goods they buy do not arrive or are "significantly not as described". Which is nice, but a few get-outs remain for PayPal .

The improved terms cover 95 per cent of items listed on eBay. To qualify for (free) buyer protection, sellers must maintain 98 per cent positive feedback and have at least 50 feedback points. The green box on item listings will show how buyers are protected.

So what about the other five per cent? Presumably this covers the big ticket items, the newbies, the bad-rep sellers and the sales transacted outside PayPal. Under the new insurance regime, eBay is dropping purchase protection for non PayPal transactions - previously it offered up to $200, less a $25 processing fee. So that's $175, then. PayPal is stepping into the breach a little by offering $200 protection without a processing fee for all other qualified transactions. The green box on item listings will show how buyers are protected.

The improved protection is expected to beactivated on the 17th of January, and will bring eBay's user agreement into alignment with last September's required changes for protection programs.

Feel free to discuss this development in our forum