PayPal just announced they are extending their buyer protection policy to six months.
Personally speaking, this is a disaster in the making. Shady buyers already flock to eBay looking to scam sellers. Now the popular ecommerce website will be known as the place to "rent an item" use it for a few months then return it for a full refund.
"eBay and PayPal makes money in fees when a purchase is made, on top of the listing fees to advertise an item on their website. It make sense that they implemented this 6 month buyer protection policy that will further add to their bottom line. If you were going to buy an item elsewhere with say 30 day protection, 6 months buyer protection should give eBay the edge. Unfortunatly their sellers are the ones potentially left hanging on the hook for six months."
This eBook titled "The Great BIG eBay CON" is a guide how to scam eBay sellers was removed from Amazon.com, but we were able to grab a screen shot of the item page that included some good comments. It is available from other retailers by searching the title.
Ina Steiner of eCommercebytes Blog wrote this article, that has received 108 comments as of this posting.
eBay TRS CrazeeNyDriver produced this video to YouTube with his two cents worth.
Just my two cents worth as usual.
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