eBay has been given notice from the ACCC regarding their proposal to change payment methods on all transactions on its Australian website to PayPal only. They basically lost this battle, as ACCC rejects its immunity from anti-competitive sanctions.
They ought to, with hundreds of complaints flying from all sides, including individuals, business, and institutional bodies like RBA, eBay better rethink its future in introducing its PayPal only policy. Of course, eBay is still hanging onto the "PayPal offers better customer protection" line.
The idea was ridiculously stupid to start off with, especially when PayPal is owned by eBay itself. The major problem that I see is that PayPal charges sellers for accepting payment. Given that eBay also charges sellers for selling things on its website, everyone feels that eBay is double dipping. It's nothing more than a revenue raising exercise.
ACCC has done the right thing, and eBay should just back off, and let the consumers decide what's the best payment method that suits them.
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