PayPal today announces the extension of the Seller's Protection Program to Greece. This program covers vendors in the event that they have received an unauthorized payment - for example, from an account that has been the victim of a crime - or if and if the buyer claims to have not received the product - in such cases, of the Seller, covers Vendors for the full amount of eligible sales.
Until recently, this program was in force in Greece exclusively for material goods. Now it is also applied to services (in areas such as design, education, photography, etc.), in tickets (concerts, shows, sports events, etc.), as well as in the travel / , booking of flights or hotels, etc.).
"I'm really excited about this new addition to our services. "PayPal's decision to extend the Seller Protection Program focuses on sellers, who are reassured that they can use e-commerce on a larger scale and with greater confidence - for more types of goods and services," he said. Matt Komorowski, Managing Director of PayPal Northern and Central Europe.
"These changes are an important step in providing enhanced protection to sellers every time they use PayPal. Knowing that you are covered if something goes wrong should be a basic requirement for online shopping and sales. These improvements come from the immediate experience and feedback of users and allow us to market on the Internet with even greater solvency than ever before. It gives us great pleasure to be able to present these enhanced ways of protection in addition to other important services such as the Consumer Protection Program and Free Product Returns - as part of our work to increase the credibility and trust in e-commerce ».
This program helps Greek merchants to sell more securely goods and services to customers not only within Greece but also in other 200 + markets where PayPal operates.
According to recent Accenture research, cross-border e-commerce dominates as a growth driver in B2C commerce, with a compound annual growth rate (CAGR) of 29.3% from 2014 to 20202. One of the most popular categories of cross-border sales, apart from clothing, is travel (tickets, accommodation, guided tours, etc.), which actually represents 25% of the total goods sold, including services.
PayPal hopes that with the expansion of the Seller's Protection Program, Greek merchants will be able to reach new goals and effectively expand their businesses.
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