Quite a bit of news coming out of the first day of eBay Live! 08 today. A press release was issued earlier today outlining how eBay plans to improve protections for buyers and sellers. Buyers who pay with PayPal will be protected on eligible transactions for 100% of an item’s purchase price – with no coverage cap. Additionally, US eBay sellers will receive improved seller protection for eligible transactions when they get paid with PayPal.

PayPal’s improved seller protection will cover ALL sellers (regardless of transaction size or sales’ volume) against claims, chargebacks and reversals due to an unauthorized payment or an item that was not received.
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