New York Fines Paypal $150,000; Fraud Protection Policy Examined
Charleston Gazette › March 09, 2004
Linked as:
Summary
ALBANY, N.Y. - The nation's largest online payment service, PayPal, is paying New York $150,000 in penalties after misrepresenting to consumers its policy on repayment when merchandise doesn't arrive, the state attorney general said Monday.
PayPal, which has 40 million customers worldwide, had specifically stated that it provided the same rights and protections of a traditional credit card transaction, said Attorney General Eliot Spitzer. But consumers were often denied those rights, he said.See the full content of this document
Extract
New York Fines Paypal $150,000; Fraud Protection Policy Examined
PayPal creates accounts for buyers and sellers using the Internet, including PayPal's parent, eBay, the Internet auction site.
PayPal lets buyers and sellers excha...See the full content of this document
Sponsored links
