PayPal removes buyer and seller protections for NFTs
As of May 20th, NFT purchases will no longer be supported by PayPal's buyer protection plan. In addition, NFT sales worth over $10,000 will not be protected against false claims and refunds. Their website shows that PayPal issued a notice on March 21st, announcing plans to stop providing protection for some NFT-related transactions. However, these changes have not yet been reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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