123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Paypal Vs. Merchant Account

Profile Picture
By Author: Scott Burke
Total Articles: 113
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

ALBANY, New York (AP) -- 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 claims 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.

For example, consumers who didn't receive merchandise purchased
through PayPal were often denied reimbursement from either PayPal
or American Express or Discover credit cards. A spokeswoman for
Spitzer said consumers complained they were being bounced between
PayPal and their credit card companies and there was no prompt
action.

The credit card firms agreed to properly credit consumers in an
agreement with Spitzer late last year.

PayPal creates accounts for buyers and ...
... sellers using the
Internet, including PayPal's parent, eBay, the Internet auction
site. The service lets buyers and sellers exchange money through
e-mail.

Besides the penalties, PayPal will pay New York state the
investigation costs. The online payment service also will clearly
describe consumer rights including conditions or limitations on
their rights and refund policies.

Without the agreement, consumers using their credit cards through





-------------------------

About the Author:

-------------------------

Scott Burke, President of MAXX Business Solutions is committed
to making the merchant experience a pleasure and one that will
build long-lasting business relationships. MAXX works as a
trusted partner in merchant account credit card processing
and strives to provide merchants with the best support,
the best rates, and the best service in the industry. http://www.cmscreditcards.com/payment-processing.html



Total Views: 284Word Count: 262See All articles From Author

Add Comment

Business Articles

1. Finding A Trusted Sustainability Consultant In Abu Dhabi
Author: Agile Advisors

2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors

3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review

4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals

5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo

6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan

7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun

8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie

9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort

10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd

11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo

12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals

13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene

14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog

15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: