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[PSA] No more buyer or seller protection from Paypal for gift cards after June 25, 2016

sdaaronr 1,031 1,280 May 4, 2016 at 04:13 PM in Other More PayPal.com Deals
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Last Edited by BeAuMaN May 4, 2016 at 10:53 PM
Mods, please move if needed. I thought this update to PayPal's user agreement was interesting:


https://www.paypal.com/us/webapps/mpp/ua/upcoming-policies-full

SECTION 13.3 Ineligible Items
We're updating the list of items that are not eligible for Purchase Protection.
We're also clarifying the exclusion for items equivalent to cash to now include stored value items such as gift cards and pre-paid cards.
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129 Comments

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#2
Let the scams begin
Reply Helpful Comment? 6 0
Joined Mar 2015
Sultan of Sodium
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#3
Raise and similar reseller sites are gonna get flooded with bogus cards after this :|
Reply Helpful Comment? 2 1
#4
Quote from SaltyOne View Post :
Raise and similar reseller sites are gonna get flooded with bogus cards after this :|
Wouldn't all the bogus cards go to PayPal where buyers have no protection?
Reply Helpful Comment? 4 0
#5
nvm..
Reply Helpful Comment? 0 0
#6
Without any type of guaranteed protection, what the hell is the point of even the point of buying and selling gift cards on eBay? Glad you caught this OP. So nice of PayPal to make it so overtly clearly clear without having to constantly keep tabs on their policies.
Reply Helpful Comment? 10 0
Joined Mar 2015
Sultan of Sodium
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#7
Quote from fireballs View Post :
Wouldn't all the bogus cards go to PayPal where buyers have no protection?
I....What? Raise is a gift-card reselling site, not a paypal-like site. I'm saying that their will likely be more bogus cards popping up on Raise after this Paypal change goes into effect.
Reply Helpful Comment? 1 3
#8
But not for long - I'm guessing that once you've sold a bogus card on Raise you're not welcome back.
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#9
What's the best website to unload legitimate gift cards?
Reply Helpful Comment? 1 0
#10
Quote from SaltyOne View Post :
I....What? Raise is a gift-card reselling site, not a paypal-like site. I'm saying that their will likely be more bogus cards popping up on Raise after this Paypal change goes into effect.
i don't get it... raise doesn't take paypal as a form of payment
Reply Helpful Comment? 2 0
#11
Paypal and Ebay which this affects are a joke. They just keep finding ways to upset customers.
Reply Helpful Comment? 13 0
Joined Jun 2007
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#12
So this means that mean ppl can put up their used giftcards on eBay to sell them pretending there's money still on them and buyer gets an empty giftcard & there's nothing the buyer can do to get their money back? Wowzers I guess no one will be buying gift cards from eBay now.
Reply Helpful Comment? 12 0
Joined Nov 2005
The Really Cheap One
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#13
always buy with american express never pay using your bank account or balance via paypal
Reply Helpful Comment? 3 0
#14
Ebay is getting shady AF. Now I have to be cautious and use a credit card all the time and only use Ebay GCs or Ebay bucks to purchase from the big store vendors.

Thanks for pointing it out, OP. Wouldn't have known until I get screwed.
Reply Helpful Comment? 2 0
Joined Apr 2004
Will Work For $lickDeals!
4,722 Posts
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#15
Nothing new, PayPal Buyer Protection [paypal.com] already excludes prepaid cards or gift cards. YMMV doing a CC chargeback.

Quote :
13.3 Ineligible Items. Payments for the following are not eligible for reimbursement under PayPal Purchase Protection:

Real estate, including residential property
Businesses
Vehicles, including motor vehicles, motorcycles, caravans, aircraft and boats
Significantly Not As Described issues for Custom-made items
Items prohibited by the PayPal Acceptable Use Policy
For INR claims, items which you collect in person or arrange to be collected on your behalf, including items bought through In-Store Checkout at the retail point of sale
Industrial machinery used in manufacturing
Items equivalent to cash, including prepaid or gift cards
PayPal Direct Payments
Virtual Terminal Payments
Personal Payments
Reply Helpful Comment? 0 0
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