ACCC still has its eye on eBay

Jul 07, 2008 (The Australian - ABIX via COMTEX) -- PYPL | Quote | Chart | News | PowerRating -- The Australian operation of web auction services provider eBay has stepped back from a proposal involving its subsidiary, PayPal. Following public outrage, protests by users and an investigation by the Australian Competition & Consumer Commission (ACCC), eBay has dropped plans to make PayPal the only approved electronic funds transfer method on its site. However, a second change, to make it mandatory for PayPal to be included as a payment option for all auctions on eBay, is still being looked at by the watchdog and may also be blocked as anti-competitive. Meanwhile eBay is to retain the services of law firm Deacons, despite the later failing to gain its client an exemption for the PayPal issue from the Trade Practices Act's section 47 before the ACCC.

Publication Date: 8 July 2008

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