Perhaps one of the biggest names when it comes to online transactions, PayPal has been one of the most popular payment platforms across the world. The company has been a popular name when it comes to the world of business. They have also been appreciated time and again for their policies as well as international network. The company has always worked in accordance with various governments, and they have been ensuring that both, the seller as well as the buyer remain satisfied.
PayPal is coming out with a number of features which are in the interest and benefit of both, the buyer as well as the seller. The company has been ensuring that all the parties remain happy. In a latest move they have now introduced an update in their refund policy. This now helps them increase the refund period from 60 days to 180 days! The company has extended their refund period by 120 days. This has come out as a good news for all the merchants as well as customers happier.
This announcement was made today, and has made a large number of users happier. “The extended refund period is another step towards improving the user experience and enabling them to manage refunds effectively. An extended refund window is a manifestation of our vision of being a customer centric organisation and an enabler of smoother digital payments,” said the company’s Managing Director Anupam Pahuja.
This will now allow the parties involved to manage their issues internally, thereby reducing the number of escalations. PayPal is indeed working forward in a progressive fashion. The company has said that this would help make refunds a much smoother process than it now is. This will also help the merchants maintain their fund flow in an efficient manner. PayPal has been working forward towards improvements, and they had recently introduced fingerprint recognition in their app.