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Information Technology News ACCC kills eBay's PayPal only plan
Information Technology News ACCC kills eBay's PayPal only plan | ACCC kills eBay's PayPal only plan |
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| by Stan Beer | |
| Thursday, 12 June 2008 | |
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Page 3 of 4 "eBay proposes to implement the conduct in two stages.
From 21 May 2008, all sellers on eBay were required to offer PayPal as
one of their accepted payment methods. The second stage of the conduct
is due to commence on 17 June 2008, with the requirement that all
transactions on eBay must be paid for using PayPal or cash on pickup,"
the ACCC stated in its release.Featured Whitepaper
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eBay and interested parties now have time to lodge submissions in response to the draft notice, before the ACCC decides whether to issue a final notice revoking the notification. While eBay may claim that it still has a chance of achieving its objectives, its opponents are already popping the champagne corks. Local rival online payment service Paymate, which was originally used by eBay Australia before eBay acquired PayPal, has issued a cautious victory salute in a release. Paymate stated that the ACCC had vindicated Paymate’s claims in asking eBay Australia to let members choose between Paymate and PayPal since both offered comparable levels of protection. The Paymate statement went on to say: "In its draft notice published today, the ACCC considers that 'PayPal offers sellers more protection than some other methods of payment, however, PayPal is not unique in this respect as it offers similar seller protection to that provided by Paymate.'" The jubilation, however, was tempered by caution. Please read on to page 4 |
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