EBay offers the best protection for your transactions against electronic fraud, when you are selling or buying any product on the site. EBay and PayPal combined offer customers a great protection plan. According to the many reports of Cyber crimes, people are cheated a lot through electronic fraud. People are robbed about US$2.8 million each year through electronic fraud.

Out of every US$100 spent in electronic transactions nearly US$.18 to US$25 cents constitutes to electronic fraud. That is the reason why customer protection is one of the most important priorities for EBay. Although eBay and PayPal are trying their best to protect our money, you need to be careful while making transactions with any person.

It is recommended to make transactions through PayPal for security purposes on EBay. Currently it has become mandatory to create a PayPal account before creating an EBay account. The reason is to avoid any kind of electronic fraud while making payments. EBay offers protection for both buyers and sellers and has a lot of features and tools that will help you detect fraud. Before buying or selling products on eBay it is highly recommended to read the terms and agreement policies of PayPal. There are several people who get into problems as they do not read the PayPal user agreement.

EBay and PayPal – Buyers Protection

EBay has an agreement with PayPal to help protect customers of EBay, by making online transactions through PayPal. You can claim the money if you do not received a product you purchased on eBay. Also, protection against those items which has a wrong description or even if the description of the product does not match the actual item. For example, if you are purchasing a laptop and if it says “Sold as is” in the picture. And when it is shipped and if the item is different, you can claim refund on eBay. Another important thing is that EBay offers unique protection for items exceeding US$2,000. You can read these terms and see in detail about the kind of protection you would receive from PayPal in detail when you are signing up.

EBay and PayPal – Sellers Protection

In the same way EBay has protection plans for buyers, merchants are equally protected too. Sellers can also be victims of electronic fraud. In other words, malicious scripts can use the credit card information of other people and impersonate their personal information to purchase items. This could put such online traders in trouble, as severe penalties would be imposed on any person who is caught doing such illegal activities. This is why EBay keeps all its members updated about the new techniques used to cheat people through electronic fraud. EBay always ensures security of its users as their top most priority.

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