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Published 18 days ago

PayPal Revises Buyer and Seller Policy for NFT Transactions

Summary by NFT Plazas

PayPal, the renowned payment giant, has announced revisions to its trading policy regarding NFTs effective May 20. The company will no longer offer buyer protection for NFT purchases, and it will amend its seller protection program, removing safeguards for transactions involving NFTs valued above or below $10,000. Under the revised policy, NFT sales exceeding the threshold will no longer be covered against false claims and chargebacks while for…

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PayPal Revises Buyer and Seller Policy for NFT Transactions

PayPal, the renowned payment giant, has announced revisions to its trading policy regarding NFTs effective May 20. The company will no longer offer buyer protection for NFT purchases, and it will amend its seller protection program, removing safeguards for transactions involving NFTs valued above or below $10,000. Under the revised policy, NFT sales exceeding the threshold will no longer be covered against false claims and chargebacks while for…

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