PayPal Doubles Buyer Protection on eBay.New, Simpler Protections for eBay (eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale. Buyers - Pay with PayPal A Web payment processing service founded in 1998 and acquired by eBay in late 2002. Operating as an independent brand, PayPal, San Jose, CA (www.paypal.com) is used to shop at PayPal-enabled retail sites as well as to send or request money from anyone with an e-mail address. and You're Covered SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- eBay (Nasdaq: EBAY) and PayPal today announced an expansion of PayPal Buyer Protection, giving buyers up to $2,000 of coverage for qualified transactions on eBay.com. This increase doubles the coverage provided by the existing protection program. PayPal Buyer Protection is a free program that covers qualified transactions on eBay up to $2,000 for non-delivery of items, and for the delivery of items that are significantly not as described. eBay sellers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada qualify to offer $2,000 of PayPal Buyer Protection by maintaining a 98 percent positive feedback rating and having at least 50 feedback points. For all other qualified transactions on eBay.com that are not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. by PayPal Buyer Protection, PayPal will provide up to $200 of coverage with no processing fee, no minimum purchase price and no seller requirements, as long as the buyer pays for the item with PayPal. This replaces the eBay Standard Purchase Protection Program in the U.S. and Canada, which previously covered all eBay transactions Ask a Lawyer Question Country: Canada State: Ontario I had a transaction on eBay worth 167GBP, and I never received the Parcel. I filed complain on eBay for that, and the seller promised he will refund me. for up to $200 minus a $25 processing fee. eBay will no longer offer purchase protection for non-PayPal transactions. Effective January 17, 2007, PayPal will offer purchase protection on more than 95 percent of items listed on eBay.com. "PayPal is the safest way to pay on eBay, and we're excited to offer even more protection for eBay buyers," said Rob Chesnut, senior vice president of Trust and Safety for eBay Inc. "This is a huge step in building even more trust in shopping on eBay, because it makes the message very simple - Pay with PayPal and you're covered." Qualified items will clearly indicate the amount of coverage available on the item page. Buyers should look for the green box on item listings to see how they are protected. About eBay Founded in 1995, eBay created a powerful platform for the sale of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world. Through an array of services, such as its payment solution provider PayPal, eBay is enabling global e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. for an ever-growing online community. About PayPal Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address See Internet address. to send and receive payments online securely and easily using a bank account, credit card or stored balance. Because PayPal allows customers to shop online without sharing their financial information with merchants, privacy is built into the service. PayPal has nearly 123 million accounts and is available to users in 103 markets around the world. More information about the company can be found at https://www.paypal.com. |
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