As of May 20, PayPal is amending its policies, excluding nonfungible tokens (NFTs) from its Purchase Protection Program, signifying a move away from safeguarding NFT transactions for both buyers and sellers.
This shift reflects the company's reassessment of the risks associated with NFT purchases.
Moreover, PayPal is adjusting its Seller Protection Program to omit NFT transactions that exceed a value of $10,000.01.
This policy update highlights PayPal's response to the evolving digital asset landscape, marking a significant change for users involved in high-value NFT trading.