The way that John Donahoe (eBay's CEO) sees it, if the customer pays for the item, they have done their part, so negative feedback is prohibited.
I much preferred the old system. The ONLY restriction I ever supported was when they changed it so that you must have had an actual transaction with someone to leave feedback. In the beginning, a competitor could leave you a negative without even buying your product.
The original idea was that feedback is a two-way street. It kept everyone honest and you WERE hesitant to leave a negative without trying to work it out first, as you didn't want one yourself.
This is a part of eBay's Amazonification program.
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