posted on June 6, 2001 12:09:11 PM
From the web site---
Chargeback Settlement Fee (Sellers only)
Notice Date: June 6, 2001
Effective Date: June 29, 2001
To cover the cost of processing merchant related chargebacks, PayPal will assess a $10 fee to sellers who are determined to be at fault for credit card payment chargebacks. The $10 fee will be waived in those cases where the sellers have fulfilled all of the requirements of PayPal's Seller Protection Policy. The $10 fee will also be waived for all sellers participating in our PayPal Preferred program.
posted on June 7, 2001 08:00:51 AM
Paypal Preferred means that you only include Paypal as an online payment option within your auctions. Here is where you can get the details.
posted on June 7, 2001 12:48:05 PM
Not a problem, Damon. I know you can't be everywhere at once, and its nice to field some of the easy questions for you. 8)