eBay Limits Buyer Protection to PayPal-Funded Transactions | Ramblings of an e-trader

Friday, 19 January 2007

eBay Limits Buyer Protection to PayPal-Funded Transactions

Looks like there's lots of development on the eBay front and not all the new regulations are helpful to us. Last month, there was the restriction on cross border selling. January 2007 sees new listing fees and last week, eBay announced that they will limit Buyer Protection Program to PayPal-Funded transactions only.

eBay will double PayPal Buyer Protection on its site, offering up to $2,000 of coverage for qualified transactions on eBay.com, but is eliminating buyer-protection for non-PayPal transactions.

What this means is, PayPal is making a bold move to weed out Google Checkout from gaining a footing on eBay although it is already a prohibition for Sellers to accept Google Checkout as a payment method.

eBay is keeping the PayPal Buyer Protection program, but doubling its coverage from $1,000 to $2,000. However, the program covers only transactions with qualified sellers who maintain a 98 percent positive feedback rating and have at least 50 feedback points.

eBay's PayPal Buyer Protection program, which has been in place since 1999, will be eliminated beginning 17th January, 2007.

This means that eBay will provide no protection to buyers who pay for transactions with checks, money orders, postal orders, bank-to-bank wire transfers and any other way apart from PayPal.

eBay has no qualms about banning Selles who offer other forms of payment methods like Western Union or MoneyGram as these violates eBay's "Accepted Payments Policy".

When you trade on eBay, tread with care.

Source:
HERE

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