They're coming in line with U.K. standards of "Consumer Protection" apparently.
Obviously they are tired of handing out payments to fraudulent buyers on late chargebacks and other such nonsense, and are once again putting the onus on sellers to carry the load for them.
They want to be a credit card processor without bearing any of the risks that a credit card processor might have to bear.
You would like to see them try to weed out the fraud, instead of penalizing the sellers, but that would take actual effort on their part.
Instead they've been running commercials on TV, essentially hinting to buyers that Paypal is the place to go if you want to be "Protected" and get free stuff.
It's easier and better for the bottom line to just become part of the fraud, rather then do anything about it.
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