Consumer Payment Card News

PayPal Protections

eBay’s PayPal payment service has beefed-up protections for buyers and sellers on eBay.com. For the first time, buyers who pay with PayPal will be protected on eligible transactions for 100% of an item’s purchase price, with no cap on coverage. In addition, all U.S. eBay sellers will receive improved seller protection for eligible transactions when they get paid with PayPal. Currently, 97% of eBay.com listings offer PayPal and over 90% of active eBay users in the United States have PayPal accounts. “PayPal Buyer Protection” covers eligible transactions on eBay.com for items that aren’t received and for items that are significantly not as described. Beginning this Fall, PayPal will remove the coverage limit, giving buyers more confidence when they pay for their eBay purchases with PayPal. For more information visit: “http://www.ebay.com/eBayLive/”:http://www.ebay.com/eBayLive/

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