ACCC drops eBay after payment changes with online classifieds
A couple of years ago reported in the world of internet business, classifieds online Australia, free posting and buy sell trade like eBay Australia make an effort to compel sellers to use PayPal as the only available payment option on the online auction and sell online giant’s local site. Unfortunately the attempt went wrong with the results on problems between the eBay and Australian Competition & Consumer Commission and the Reserve Bank.
According to eBay they have learned their lessons and will refrain by making this kind of mistakes. The change of course also follows a huge number of complaints made to the ACCC over eBay’s operations. The ACCC started their own investigation with complain to the eBay eBay and its Australian subsidiaries, eBay Australia and PayPal Australia. The main effect will take on the substantially lessening rivalry in contravention of section 45 of the Trade Practices Act 1974.
“While the ACCC had not formed a final view, following meetings with senior eBay staff, eBay has introduced and brought forward changes to its payments policy which the ACCC considers will give its members greater flexibility in choosing payment options,” the regulator said.
In accordance to the report starting July 14, eBay will oblige sellers to offer at least one of three safe payment methods — PayPal, Paymate and merchant credit cards.