Quote:
Originally Posted by disneysteve
Let's say I'm shopping for a used laptop. Someone has just the one I want listed, but they have a low feedback rating, just started selling recently. I'm not bidding on that item. I'm not taking a chance of getting ripped off. Enter the new system where I know that the seller won't receive the money until I receive the item and I'd be much more likely to consider bidding.
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If PayPal had any faith or confidence in their existing "buyer protection process", then they wouldn't need to hold funds. To me, implementing this means PayPal is essentially admitting that buyers have (or had) no efficient means of recourse through them if a transaction goes awry. If the protection and resolution aspects that PayPal has claimed make it a safe choice for buyers
actually worked, then this would be totally unnecessary.