Quote:
Originally Posted by silkstone
... Ben then says he never received the goods, and complains to PayPal who tell him that the maximum protection is £150. They pay him the £150 and discontinue Bill's account ...
|
When Paypal pay out a claim, it is not from their own money, it is from money they recover from the seller. It is a lengthy procedure to claim from Paypal, they don't just pay up to every buyer who asks
Found
this site which seems to support what I said about credit card protection, in particular :
"Paying for goods online - It may be worth paying by credit card. If the goods or services you are buying cost over £100 and you pay by credit card, you may be protected by the Consumer Credit Act. This states that the credit card company is equally liable for any defects. Therefore, should a problem arise, you can claim either from the trader or from the credit card company."
and
"Internet Auctions - If possible, you should use a credit card (check your details are protected) because it offers the most protection if there's a problem."
Edit: That's not to say there is no risk. Best thing is to read your own credit card terms & cond's.