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Ebay to increase PayPal protection |
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| Trendwatch | ||||||
| By Humphrey Cheung | ||||||
| Thursday, June 19, 2008 19:29 | ||||||
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San Jose (CA) – Ebay will increase its anti-fraud protection limits for both buyers and sellers this fall. At the company’s annual conference, Ebay executives said buyers who use PayPal will be eligible for a full refund, with no cap, if they don’t receive the item. Previously, this was capped at $2000.
Sellers will have similar protections and will get a full refund (with no cap) for reversed charges if the buyer claims to not have received the item. The previous limit for this protection was $5000. Ebay executives say these changes will take effect in the fall. Read more … Associated Press via Google News
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