Ebay To Increase PayPal Protection
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
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Humphrey Cheung was a senior editor at Tom's Hardware, covering a range of topics on computing and consumer electronics. You can find more of his work in many major publications, including CNN and FOX, to name a few.