Under this program, PayPal will introduce a Buyer Protection logo that will be displayed on all qualified sellers’ listings. A qualified seller is categorized by his rating, and must have at least 50 feedback points and a 98% positive feedback. The seller must also have a verified PayPal account and be based in the United States or Canada.
The PayPal Buyer Protection program is free and easy for eBay buyers to use:
Look for the PayPal Buyer Protection logo on the listing
Pay for the purchase using their PayPal account
Increased security is provided through the new Buyer Protection Program, by covering non-delivery of items, or products that are substantially not as described, all with no processing fee. For transactions that do not qualify under the PayPal Buyer Protection program, eBay will continue to provide its standard protection feature of $200 coverage, with a $25 processing fee.
Through its partnership with PayPal, eBay ensures privacy of information, as the buyer’s financial information is never shared with the seller. PayPal maintains one of the best online fraud prevention systems in the world, ensures that sellers are paid instantly and makes the transaction process convenient and easy.
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About eBay
eBay is the World’s Online Marketplace®. Founded in 1995, eBay created a powerful platform for the sale of good and services 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.
About PayPal
Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal’s service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world’s most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution. PayPal has more than 31 million account members and is available to users in 38 countries around the world. Located in Mountain View, California, PayPal was acquired by eBay Inc. in October, 2002. More information about the company can be found at https://www.paypal.com/.
