Good news for eBay sellers who favour choice: the Australian Competition and Consumer Commission has rejected eBay’s proposal to make PayPal the only accepted remote payment method, arguing that eBay’s claims of increased security don’t outweigh the disadvantages of reduced competition. As ACCC head Graeme Samuel put it:
The ACCC believes that consumers are in the best position to decide which payment method is most suitable for them. The notified conduct denies them that choice. Accordingly, the ACCC considers that these benefits do not outweigh the anti-competitive effects of the conduct.
eBay is allowed to appeal the decision, so we’re not quite at the end of the process, but the original plan to make PayPal compulsory from June 17 now looks like a no-go. List as you like!