Feeds

'Pay with PayPal and you're covered'

eBay payment protection doubled

Top 5 reasons to deploy VMware with Tegile

PayPal is doubling payment protection in the US and Canada for most eBay transactions to $2,000.

Buyers can claim if the goods they buy do not arrive or are "significantly not as described". Which is nice, but a few get-outs remain for PayPal.

The improved terms cover 95 per cent of items listed on eBay. To qualify for (free) buyer protection, sellers must maintain 98 per cent positive feedback and have at least 50 feedback points. The green box on item listings will show how buyers are protected.

So what about the other five per cent? Presumably this covers the big ticket items, the newbies, the bad-rep sellers and the sales transacted outside PayPal. Under the new insurance regime, eBay is dropping purchase protection for non PayPal transactions - previously it offered up to $200, less a $25 processing fee. So that's $175, then. PayPal is stepping into the breach a little by offering $200 protection without a processing fee for all other qualified transactions. The green box on item listings will show how buyers are protected.

The move, which comes into effect on 17 January, follows last September's settlement with the Attorney Generals of 28 states, in which eBay agreed to shorten its user agreement and to improve the way it communicates its protection programs.

So the new, improved message from eBay and its PayPal subsidiary is: "Pay with PayPal and you’re covered." Which is almost true. But Caveat Emptor: insurance claims are always a pain to make, and better protection will not make eBay any less of a fraudsters' playground. If this makes buyers more trusting of the site then it will make the life of the online conman even easier than it is today.®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.