Now says two hours:
https://support.google.com/googleplay/answer/134336

On Wednesday, October 1, 2014 3:18:45 PM UTC-7, Kostya Vasilyev wrote:
>
> 2014-10-02 0:07 GMT+04:00 jtoolsdev <brian...@gmail.com <javascript:>>: 
> > I still want to know what EU laws they are complying with?  I don't see 
> > anything about developer addresses in the letter the EU sent to them. 
> > 
> > Also if you read the new agreement, section 3.7 shows the refund period 
> as 
> > 48 hours instead of the NEW refund period of 2 hours.  It apparently was 
> > left at 48 hours even when it was only 15 minutes (from reviewing the 
> > archive). 
>
> The web version of Play store still shows this after a purchase -- 15 
> minutes. 
>
> >> 
> If you are not satisfied with this app, it can be returned from your 
> device up to 15 minutes after installation. Refund policy 
> OK 
> << 
>
>
> > Kinda sloppy.  Are the Google attorneys fresh out of law school 
> > too? 
>
> 48 hours, 15 minutes, pretty close anyway? :) 
>
> -- K 
>

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