01-20-2006, 11:46 PM
...umm that is eBay/PayPal in China In the US buyers and sellers will not be compensated, and sellers are being pressured by eBay to give up their PayPal seller protection in order to list on eBay's new Express site.Â
http://en.chinabroadcast.cn/855/2006/01/...@44718.htm
Quote:US online trading giant eBay yesterday cancelled transaction fees for its users in China amid intensifying competition from Taobao and Tencent.
It now also requires customers to trade only using its two payment tools, Escrow or Paypal, to complete transactions.
Escrow is a payment tool that eBay designed for the Chinese market, where trust and credit information are largely absent.
The online auction giant also said it would guarantee all transactions on is website, saying it would compensate for any fraud if traders use the two payment tools
http://en.chinabroadcast.cn/855/2006/01/...@44718.htm