eBay Safer Payments Requirements Go Into Effect

eBay is making some changes that are intended to
make the buying experience on eBay better and
safer. As part of this initiative, expanded safer
payment requirements went into effect on March 17.
Since January 2007, all new sellers have been
required to offer PayPal or a merchant credit
card as a payment option to their buyers. On
March 17, this policy was expanded to sellers or
items when they meet one or more of the following
conditions:

• Seller has higher than 5% buyer
dissatisfaction rates
• Seller has less than 100 feedback
• Items are listed in categories with higher
rates of buyer complaints, including:
Gift Certificates, Video Games, Cell Phones,
Computers and Consumer Electronics.

In addition, for a small number of transactions
that have a higher risk of buyer dissatisfaction,
we may delay the release of funds paid through
PayPal. This hold will be placed on only a small
percentage of transactions for up to 21 days.
(Remember - PayPal is NOT a bank -
they can hold your money indefinitely)
Then the funds will be released if there is no
dispute. The funds may be released earlier if the
buyer leaves positive feedback, or if PayPal can
confirm delivery of the item. Sellers enrolled in
the PayPal Money Market Fund will earn interest on
any pending funds in their PayPal accounts.

Your payments will not be held if you meet the
following requirements:

• You have been an eBay member for 6 months
or more &
• Your total Feedback score is 100
or greater &
• Your buyer dissatisfaction percentage is
less than 5%.

Or

• Your average DSR is 4.5 or greater and
• Your have received 20 or more DSRs in the
last 12 months.

No comments: