Paypal promises to pay for your Nokla mistakes

PayPal has announced that their buyer protection has increased to $20,000.

Happy shoppers will now have the increased confidence that if that really real $3,600 Louis Vuitton monogram real leather shoulder bag actually turns out to be a torn, vinyl shopping bag from the depths of mainland China, they will be reimbursed for their lost funds.

“We’re combining the power of eBay and PayPal to give all buyers and sellers more confidence and trust,” said Lorrie Norrington, eBay’s president of Marketplace Operations in a statement. “Buyers who pay with PayPal on eBay will be covered, with no limits, on most transactions.”

Judging by the comments on Business Week, the confidence and trust customers have in eBay and PayPal are is not exactly overwhelming. Particularly passionate is the simile loving sickandtired who compares eBay to “A Venus Flytrap. Pandoras box. Shes a beautiful horse but it dumps us in the drink when the show starts. Its race car that suddenly goes backwards and the door wont close.” (eBay via Business Week)