Australia's Reserve Bank could scuttle eBay's plans
Posted in: Legal, Privacy & Security at 23/04/2008 08:11
eBay's plan to force all of its users on to PayPal faces opposition from the Reserve Bank, which is considering weighing in to the issue.
The Central Bank has long called for buyers and sellers to have as much choice as possible in what payment systems they use and strongly opposes any moves that reduce competition in the market.
The Australian Competition and Consumer Commission is investigating whether eBay Australia's new policy of forcing all items to be paid for using PayPal, which eBay owns, or cash on delivery/pick-up, breaches trade practice and competition laws.