Source: PayPal

Summary:
Starting in 2011, all U.S. payment providers including PayPal will be required by the Internal Revenue Service (IRS) to report sales information to the IRS about certain customers who receive payments for the sale of goods or services through PayPal. We want to help you understand these changes.

• Applies to sellers receiving over $20,000 in gross payment volume AND over 200 payments
• Applies only for sales on or

... [Read More]

Source: PayPal Blog
CNN
Summary: 6800 US Starbucks will begin accepting mobile payments. You use the touch screen to pay on your phone. Then you hold your phone up to a bar code scanner to verify payment was sent.

Lot of customers are seen holding mobile phones while waiting in line at Starbucks and 1/5 transactions are paid with a Starbucks card.

My comments: Wonder what other things will we be able to pay for using our mobile phone in the future? Will we get to the point... [Read More]

Source: Markeedragon

Summary: Seller sells an Ultima Online item for $500. Buyer pays and 2 weeks later claims the item was not received. The seller had withdrew the $500 to bank account before his funds could be frozen. Now PayPal wants their money back. Markeedragon recommends TrustWho to stop this.

My comments: Hard to say what to do here. Probably need your own attorney to help fight back. May end up costing more than $500 to win. I have heard some others who have been ok j... [Read More]

Here's my proposal. It's really simple.

Under Authorized Payment Protection, PayPal conducts an investigation on the buyer when payment is sent. PayPal verifies the buyer authorized the transaction. Then PayPal notifies the seller this payment is authorized. Afterwards, there are no PayPal payment holds, reversals or unauthorized disputes unless a 3rd party source intervenes like credit cards or bank chargebacks.

Please direct your replies... [Read More]

Source: Yin Yang Data Report

Summary: PayPal will be making changes to their micropayment system. The micropayments system will allow end-users to sell books, software, paid content and other virtual download goods. It's currently 5% + 10 cents per transaction. Anything under around $12 is less than the standard rate. However you cannot switch to this fee structure on the fly. It must be set when you start your PayPal account and changed manually. Micropayments is expected to grow b... [Read More]

Source: PayPal Blog

Summary: iPhone app allows you take digital pics of physical checks. That money then gets deposited into your PayPal account. PayPal asks you to hold onto the physical check for 15 days.

My comments: That's pretty damn awesome! So now there's something slightly more convenient than a money order but just a little more hassle. I wonder what the drawer's protection for this is? Normal check protection would mean a stop payment if the check hasn't been cashed.... [Read More]

Source: PayPal Blog

Summary: Today, we announced that we’ll expand our buyer protection policy beginning Nov. 1, 2010. 4 tips are given for sellers to prevent buyer disputes.

4. Understand that some exposure is inevitable. Most businesses factor returns and claims into their budgets up front. Unfortunately, it’s a fact in retail that some buyers can never be satisfied, and it does little good to fight them because of the risk to your reputation. Better to accept a re... [Read More]

Source: Rock, Paper, Shotgun
Source: Notch

tl;dr: First, 600K Euro is $760734 USD based on iGoogle. Account was limited for unspecified reasons (a suspicious withdrawal or deposit! wow, thank you for that amazingly detailed information) [edit:] Just to clear things up: I withdraw everything from paypal every week. They limited my account just as sales started spiking, so this money has accumulated since they limited the account.

My comments: Wow PayPal! $750+K?... [Read More]

Source: Inside Facebook

tl;dr: PayPal will launch a new suite of developer tools at the end of October that will make it easier for social gamers to pay as they go, potentially on-boarding millions of new casual gamers who are deterred by the hassle of topping up on virtual currencies.

My comments: It looks like they're trying to set up a system for PayPal to deduct funds from your account automatically or at the end of the month just by clicking your mouse. I can imagi... [Read More]

Source: PayPal Blog
Money Pak

tl;dr: PayPal is working with Green Dot, provider of MoneyPak, on a special promotion that is set to kick off today. The promotion runs from September 1st through November 14th and will give $10 to all PayPal customers who try MoneyPak for the first time, as well as the chance to win $1,000 every day in a daily drawing.

My comments: Money Pak remains the 100% safest way to accept money from PayPal since it's not from bank or credit card fund... [Read More]

Source: Tech Crunch
via: Markee Dragon

tl;dr: Reports are appearing this morning about a major security hole in iTunes accounts linked to PayPal. At least one group of scammers has found a way to charge thousands of dollars to iTunes accounts through PayPal. One targeted customer told us, “My account was charged over $4700. I called security at PayPal and was told a large number of iTunes store accounts were compromised.” His email was filled with nearly 50 rec... [Read More]

Source: PayPal Blog

tl;dr: Talks about online saftey & protection from phishing sites. Here are a few simple things that I highly recommend you do today:

• Use a safe password: use a strong password which includes a combination of upper and lowercase letters and numbers.
• Protect your computer: use an updated Internet browser that blocks fraudulent websites.
• Don’t click on links in email: never click on links in email, even if the email looks like it’s from your bank, th

... [Read More]

Source: The PayPal Blog

PayPal is working with key industry leaders eBay, Microsoft, Citizens Bank and several U.S. regulators, consumer organizations and security groups, in an effort to combat Internet fraud. It’s administered by the U.S. National Cyber-Forensics and Training Alliance (NCFTA) and promises to help financial and online institutions spot hijacked accounts, close them and/or let customers know when they are affected by the security breach.

My comments: Wow about tim... [Read More]

Source: PayPal Blog

1. Refund Prices – Starting August 10, PayPal will retain the transaction fee (typically $.30) when a seller issues a refund (U.S. and Canada merchants).
2. Chargeback Prices – Starting August 24, we’ll be increasing chargeback costs from $10 to the typical industry rate of $20 (U.S. merchants only, eBay merchants enrolled in the PayPal Preferred program are exempt).
3. American Express Card Acceptance will be 3.5% starting July 13

... [Read More]