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Paypal settles!

alledanalledan Member Posts: 19,541
edited September 2006 in General Discussion
NEW YORK (AP) - In a settlement with Ohio and 27 other states, the online-payment service PayPal has agreed to simplify its fine print. Along with making its user agreement clearer, PayPal also will keep users better informed about fraud protection.

During the payment process, the company will now explain how the company protects customers against fraud, for example when a seller fails to deliver goods paid for with PayPal.

Ohio attorney general Jim Petro says the settlement will ensure that consumers have relevant information about how PayPal works.

The company will pay $1.7 million dollars to the states to cover the costs of the investigation, and Ohio will receive $102,000 dollars

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