Australian regulator signals no deal on eBay plan
SYDNEY, Australia - EBay said Friday it will postpone plans to make its PayPal system the only way to pay for deals on its auction site in Australia after the antitrust regulator said it would reduce competition.ADVERTISEMENT
Australia was the first place where eBay was planning the PayPal-only system, though the company often tests big changes in smaller markets before expanding them worldwide.
The plan angered some users who said using PayPal would cost them more than other payment methods such as bank transfers, and that eBay was just interested in increasing revenue for PayPal, which it owns.
The government's fair-trading regulator the Australian Competition and Consumer Commission opened an investigation into the plan and considered submissions from Australian banks and users of the online auction site claiming the restrictions were unfair.
Read the entire article on Yahoo