PayPal launches Seller Protection in Asia Pacific

MUMBAI, INDIA: PayPal, the global leader in online payment, will be launching an expanded Seller Protection policy in Asia Pacific (APAC) on October 11th, 2013.

PayPal's Seller Protection will help to protect merchants from fraudulent transactions and cases where items are not received by buyers to enable merchants to seek out growth opportunities in new markets. Seller Protection will be available to PayPal merchants in India, Australia, New Zealand, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.

As of October 11th, 2013PayPal will provide Seller Protection to eligible merchants that use PayPal to process transactions for tangible items. With this launch, PayPal is reducing the liability for fraud from the millions of merchants fuelling the Asia Pacific economy. Businesses currently selling on the web are forced to dedicate a huge amount of time and money to tackling fraudulent transactions, while many offline companies lack the confidence to sell online due to fear of fraud and sheer size of this issue.

PayPal understands the pain points that merchants face, particularly when selling beyond their own borders, and partners with merchants to help them adopt best practices at every stage in the sales cycle including customer service, shipping and checkout. Today, PayPal is adding another layer of security to help merchants reduce risk and increase sales.

The Seller Protection program safeguards merchants against risks to their business which cost significant time and resources to address, including fraudulent transactions and items not received by the buyer. Online businesses can benefit from Seller Protection for no extra cost and with no need to subscribe provided they meet the eligibility criteria.