September 03, 2010 | 05:05PM a PHT
The eBay User Agreement has been updated to support policy and other changes. The updated Agreement is effective on 7 October, 2010 for current members and immediately upon acceptance by new users.
There are two key updates to the User Agreement:
- Provisions have been added regarding eBay Buyer Protection that may be applicable to your transactions . If a seller changes his or her reimbursement method for eBay Buyer Protection cases from PayPal to a new one, the new method will only be effective for transactions not yet paid for, and for future transactions. In addition, eBay may correct payment processing errors made in connection with an eBay Buyer Protection Claim. Please refer to the eBay Buyer Protection policy as may be published on each eBay site for the full terms.
- Provision is added to reinforce the existing practices where seller funds may be held as pending in their PayPal accounts. PayPal has held and will continue to hold seller funds according to its User Agreement, policies and any other agreements entered into with its users to help facilitate smooth transactions on eBay .
As with earlier updates, other changes have been made to keep the User Agreement up-to-date with our product and service offerings.
You don't need to take any further action to accept the new eBay User Agreement. If you choose not to accept the new terms, visit this help page for further direction.
The eBay team