Quote:
Originally Posted by ckgb
Who is liable if a buyer pays, and a seller runs off with money?
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When a seller creates a listing, the seller verifies his identity via a PayPal API.
Panjo currently uses PayPal as its payment processing partner. Panjo optimized the selling and buying work flows to maximize protections for both buyers AND sellers (like protections from chargebacks).
When the buyer pays, the buyer is covered by PayPal's buyer protection. If the buyer pays and the seller disappears, the buyer simply follows PayPal's dispute resolution process and is entitled to a full refund.