PayPal Policy Update
Published January 23rd, 2007
PayPal Policy Update
PayPal, eBay’s online payment service announced several policy changes, with most falling in favor of sellers and buyers with a few exceptions, notably the revoking of its “Money Back Guarantee” program. The “Money Back” plan allowed subscribers to resell merchandise to PayPal if they were unsatisfied with the item, with the guarantee covering transactions for less than $1,000. The company is removing the limit on the number of payouts PayPal awards to a buyer per year under the terms of the protection programs. The company’s buyer protection program helps shoppers get their money back from eBay sellers who fail to deliver or who grossly misrepresent their merchandise.
For those who deal with overseas transactions, PayPal announced that it is updating its Buyer Complaint Process for claims made under eBay’s Standard Purchase Protection Program for payments made in Euros. The maximum payment will now be 230 Euros, up from 200 Euros. The eBay processing cost remains 25 Euros.
PayPal is amending its PayPal Plus Card Rewards program. Reward points may be redeemed for PayPal Reward Vouchers, or for free shipping on PayPal purchases. Reward Coupons will no longer be sent automatically. Instead, cardholders will choose when to redeem their earned points. Reward points that were earned (and not redeemed) under the current program will be rolled over and can be used under the new program. New cardholders who are approved for PayPal Plus credit card will be automatically placed in the new program.
Source:Ecommerceguide.com
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