LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

PayPal lists NFT transactions over $10,000 as non-compliant

February 16, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte
PayPal lists NFT transactions over $10,000 as non-compliant

According to news on February 16, payment giant PayPal recently updated its user agreement revision to include NFTs with a transaction value of more than $10,000 on the list of items that do not meet the conditions of its seller protection program. The revision will take effect on March 21.

It is reported that PayPal’s seller protection program can provide some protection for merchants using payment services. When a buyer refuses to pay or withdraws, the merchant is eligible to keep the purchase amount and avoid paying the related chargeback fees.

The program does not apply to more than 1 Related NFTs, antiques, artworks, collectibles, etc. transactions of 10,000 US dollars or the equivalent local currency calculated at the time of the transaction.

Previous ArticleUS lawmakers propose bill to protect crypto self-hosted wallets from government agency restrictions
Next Article JPMorgan becomes the first bank to enter the Metaverse

Related News

January 5, 2023

Asset Management Giant BlackRock Adds Bitcoin to Its Global Allocation Fund Portfolio

January 5, 2023

Data: By the end of last year, Binance had controlled 92% of Bitcoin spot transactions

January 5, 2023

Wemade plans to launch an Ethereum Layer 2 platform using zero-knowledge proof technology

January 5, 2023

Memeland Captain NFT “CaptainZ” was released within 12 minutes, and the team’s income was about 9801 ETH

January 5, 2023

Online password management platform LastPass hit with class action lawsuit, accused of stealing more than $50,000 in Bitcoin due to data breach

January 4, 2023

The White House: SBF’s visit to the White House last year was mainly about the pandemic, but also general information about encryption

January 4, 2023

The founder of the NFT project Goobers embezzled investors’ funds for gambling and lost all his assets

January 4, 2023

Data: 70% of DOGE addresses have held coins for more than 1 year

The Latest
Bitcoin News January 5, 2023
Asset Management Giant BlackRock Adds Bitcoin to Its Global Allocation Fund Portfolio
Bitcoin News January 5, 2023
Data: By the end of last year, Binance had controlled 92% of Bitcoin spot transactions
Ethereum News January 5, 2023
Wemade plans to launch an Ethereum Layer 2 platform using zero-knowledge proof technology
NFT News January 5, 2023
Memeland Captain NFT “CaptainZ” was released within 12 minutes, and the team’s income was about 9801 ETH
Bitcoin News January 5, 2023
Online password management platform LastPass hit with class action lawsuit, accused of stealing more than $50,000 in Bitcoin due to data breach

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.