PayPal will now exclude Gold from Buyer/Seller protections

[azda 973]

PayPal has just announced an update to their user legal agreements.  Some points to note:

Gold will now be specifically excluded from the buyer and seller protections.

Cross border sale fees are being increased.

Clarifications on fundings sources.  i.e. linking, default, preferred, limitations, bank transfers and card information.

Lifting limits.

Risk of Reversals, Chargebacks and Claims. In relation to PayPal's role and their fees.

Closing accounts.  In relation to terms, and responsibilities.

Full details here:

https://www.paypal.com/uk/webapps/mpp/ua/upcoming-policies-full?locale.x=GB

Comes into force 27th April 2017

[DaveG38 385]

What's the logic in specifically excluding gold, I wonder? Too much fraud?

[Rob 3,000]

1 hour ago, DaveG38 said:

What's the logic in specifically excluding gold, I wonder? Too much fraud?

Likely. I had someone attempt a fraud on two gold pieces out of three listed in the past and I don't win the lottery, so unless I'm very unlucky there is probably a lot of dodgy buyers out there for gold.