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Ebay To Increase PayPal Protection
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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) if their charges are reversed 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
Source : Tom's Hardware US
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I guess ebay's profits have been getting hit. Especially with sellers not being able to leave feedback for buyers. Which is an awful step as a former seller I always waited for a buyer to leave feedback first. As my biggest concern was a dishonest buyer.
It is much easier for a buyer to buy with negative feedback than a seller to sell with negative feedback. Rather eBay should have created a better policy for conflicts to remove unfair or unwarranted negative feedback if that person acted in good faith and followed ebay rules.