Increased Fraud Protection from EBay and PayPal

According to an article released by the Associated Press and published in today's New York Times, EBay and PayPal are taking aim at traditional credit card vendors by increasing protections for both buyers and sellers who use PayPal as a payment method. They're removing limits on full refunds to buyers if a purchase is not delivered, and eliminating reversal charges to sellers if a delivery fails or buyers claim that they never received the item. These improved benefits reflect increasing sophistication in authentication, verification, and fraud detection in the online environment. Let's see what the major credit card vendors do in response.