Payment Gateway PayPal Starts a Service to Safeguard Cross-Border Digital Transactions
International payment gateway PayPal today began a service to safeguard cross-border digital transactions which will, in turn, insulate sellers and buyers from frauds.
Under the companys seller protection programme for intangibles, two types of buyer complaints will be covered ? Unauthorised Transaction, when a buyer claims that he or she didnt authorise the payment and Item Not Received, when a buyer pays for the service but claims that he or she did not receive the service.
"A key objective for PayPal in India is to ensure that genuine sellers, small or big, are protected from unauthorised claims and chargebacks. Growing instances of online fraud act as a barrier for sellers selling online services and other intangible goods to clients abroad," PayPal India Country Manager and ...