PayPal Boosts Fraud Protection for Retailers Down Under

PayPal Boosts Fraud Protection for Retailers Down UnderWith everything from identity theft to credit card fraud becoming bigger concerns among Australian consumers, PayPal is stepping up efforts to give Australians the added protection they desire.

Mobile Payments Today reported on Monday that PayPal is bringing its seller protection guarantee to Australian retailers.

The payments provider is looking to bolster its security credentials so Australian companies feel more confident accepting payments through non-traditional systems…

“We realize that businesses are actually the biggest target for fraud,” Jeff Clementz, managing director of PayPal Australia was quoted saying by a local media outlet. “The next big evolution for us is to help retailers to scale their businesses online and on mobile by protecting them against this sort of activity.”

According to the same report, when the new protection policy takes effect next month on October 11th, PayPal “will accept financial liability for sellers who have been targeted by fraudulent campaigns, providing they can provide proof of shipping and proper practice.”

But PayPal isn’t stopping there. The mobile payments giant promises to keep chipping away at further improvements and refinements.