EBay executives said Thursday at the company's annual user conference that buyers who pay for items with PayPal will be eligible for full refunds, with no cap, if a seller fails to deliver an item as promised. Previously a buyer's coverage was capped at $200, or $2,000 if the item's seller enjoyed a particularly good reputation on eBay.
EBay sellers who accept PayPal as a payment method — as nearly all of them do — will also get unlimited protection against a charge being reversed.Fortunately, I have never had a problem with paypal. Woops, I better knock on wood.
Here is the link.
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