I'll have to review that myself, but if that's the case it really doesn't change much. Seller Protection is something PayPal offers its merchants, but when somebody uses a credit card directly with Guest Checkout, they can just file a dispute directly with the card company. If the card issuing bank sides in favor of the card holder (which they almost always do) they would take the money from PayPal, and PayPal would need to get it from you. They cannot cover this sort of thing and just eat all those refunds. It's up to you as the merchant/seller to make sure you are following standard procedures to avoid problems. The Guest Checkout transactions will still provide info about the shipping address being confirmed and it will provide a security code result. If these things do not check out, in the very least you should try to follow up with the buyer to talk to them about it. In many cases, probably just cancel the order and refund them immediately. If the address is confirmed and the card code matches, and you ship to the confirmed address, the odds of anything going wrong are very slim. This procedure should be following no matter who you're processing credit cards with.
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