Advertisement

PayPal Extends Buyer Protections to All Merchant Sites

Oct. 4, 2010

PayPal recently announced that it will expand its buyer protections for online shoppers starting Nov. 1, 2010. The expanded protections will cover shoppers on merchant websites if they don’t receive an item they purchased, or if they receive an item that is significantly different than described by the merchant. “PayPal is committed to giving customers a safer online experience through privacy, prevention and protection,” said Katherine Hutchison, senior director for global risk management at PayPal. “When you use PayPal this holiday shopping season and beyond, you can have peace of mind knowing that we’re offering even more protection if something goes wrong.” PayPal has offered buyer protection for purchases made on eBay—its corporate parent—since Oct. 2003. The company said it will offer the protection in every country in which it operates except Belgium, Brazil, France, Italy, the Netherlands, Poland and Spain.

 Average 4 out of 5
 Your Rating:
Your Review:
  

WP Pro

  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

Advertisement

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here