Mumbai, June 30 (ANI/Business Wire India): PayPal, an eBay company, today announced that it is launching new protection for its eBay sellers.

The new coverage will provide protection against unauthorised payments and claims for items not received for eligible items sold on eBay websites.

Additionally, as part of PayPal's new seller protection coverage, sellers will benefit from a new feature which alerts them of potential, high-risk transactions within moments of receiving a payment so that they don't ship their items until the payment clears - helping them to reduce their losses.

"PayPal's number one priority has always been providing the safest online payment service for buyers and sellers. We are excited to offer our sellers industry-leading protection which will help to them to better manage their risks and reduce their costs. For our eBay sellers in India, we also believe that seller protection will provide them greater confidence to grow their businesses safely in more markets." said Mario Shiliashki, General Manager of PayPal Southeast Asia and India.

PayPal currently has over 70 million active accounts globally. The addition of seller protection helps sellers by reducing their burdens of online risk and for making selling on eBay with PayPal even safer and easier.

Seller protection is free and has no annual coverage limit.

To qualify, sellers will need to submit the appropriate shipping documentation for eligible items when a transaction issue arises.

Additionally, it is available for payments from 190 PayPal accepted markets for eligible eBay items. (ANI)