eBay's monopoly abuse in Australia
Update: The ACCC page on this can be found here.
eBay has decided to only allow PayPal payments for any buyers or sellers conducting auctions on eBay from the 17th of May 2008.
To me, this decision is against the spirit of Section 47 of the Trade Practices Act and forces eBay customers to lose more of their profit margin (if any) due to the increased fees associated with PayPal transactions.
Under the current structure, sellers have had the option to offer alternate methods of payment. The buyer can then choose which method of payment is preferred. These include (but are not limited to):
- Direct Deposit
- Cash
- Cheque
- Insertation (Listing) fee
- Final Value Fee
- PayPal fee
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