PayPal’s “Exclusive Seller Protection Program” Lie

March 14th, 2010 by admin | Filed under Uncategorized.

This is a 100% lie.  PayPal claims it offers 100% protection from chargebacks on “qualified transactions.” However, PayPal’s own User Agreement says, “When you receive a payment, you are liable to PayPal for the full amount of the payment plus any Fees if the payment is later invalidated for any reason.”  But wait! There’s more.

PayPal also says, “This means that you will be responsible for the amount of the payment, plus the applicable Fees listed in section 8 of this Agreement if you lose a Claim or a Charge back, or if there is a Reversal of the payment. You agree to allow PayPal to recover any amounts due to PayPal by debiting your Balance.” Nice seller protection. PayPal makes it even more clear later in the User Agreement:

” You are responsible for all Reversals, Charge backs, Claims, fees, fines, penalties and other liability incurred by PayPal, a PayPal User, or a third party…”.

PayPal makes it virtually impossible to qualify for its “Seller Protection Program.” See this website’s TOS EXPOSED section for the raw information on this.

PayPal also says this in the User Agreement: “The Seller Protection Policy does not cover Claims for Significantly Not as Described or for non-receipt of merchandise, or sales of intangible goods, services, or licenses for digital content.” Maybe PayPal doesn’t know the meaning of “100% protection?”

Last, but not least, PayPal itself admitted that it has “limited ability” to comply with the Seller Protection Policy.

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