|Mon Mar 24 2008 08:52:19|
PayPal Required on eBay UK - Coming Soon to eBay.com?
By: Ina Steiner
After banning sellers from accepting Google Checkout when it launched, eBay told its UK sellers today that they must now accept its own payment service PayPal on all listings. eBay said the policy would help reduce fraud and "boost buyers' confidence."
eBay UK is also implementing a "Payment Hold" policy in which its online payment service PayPal imposes a 21-day hold on transactions in certain circumstances it identifies as high-risk. In a write-up of the policy in Fortune Small Business when it was announced on eBay.com, the magazine wrote, "Because PayPal has sole discretion over whether to freeze funds, sellers are upset about a perceived lack of accountability."
No doubt eBay sellers outside the UK will wonder if eBay will impose this policy elsewhere. eBay.com sellers are restricted by the Accepted Payments policy but still have the option of not accepting PayPal. Is eBay UK's policy a sign of things to come for US and Canadian sellers?