PayPal Expands Consumer Protections

PayPal announced today that it will expand its buyer protections for shoppers just in time for the busy Christmas shopping season. Beginning 1 November 2010, shoppers around the world will have expanded buyer protection when they make purchases at the millions of retailers that accept 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.”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 will extend these additional benefits to shoppers in nearly all of the 190 countries* it serves.

“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 provides protections for both buyers and sellers in addition to the safeguards that are built into the PayPal system:

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 87 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce.

You can increase conversions by up to 14% by offering PayPal on your online shop website. If you would like more information on integrating PayPal please contact us.