Specifically, it is about PayPal’s terms of use: According to this, retailers are not allowed to offer their goods and services at lower prices if consumers choose a cheaper payment method than PayPal for payment.
According to market studies, PayPal is one of the most expensive online payment services in Germany. PayPal initially did not comment.
“We will now examine what market power PayPal has and to what extent online retailers are dependent on offering PayPal as a payment method,” said Andreas Mundt, head of the Cartel Office. “If merchants are prevented from taking into account the different costs of the various payment methods with corresponding surcharges or discounts, other and new payment methods can hold their own less well in the price and quality competition,” he emphasized. Consumers would then also suffer, as they would ultimately have to pay higher costs indirectly through product prices.
The Cartel Office has kept an eye on the booming Internet economy in order to secure competition in this area. In January 2021, the legislator had given the Cartel Office new instruments for this purpose. Among other things, the people from Bonn are also taking a close look at Amazon and Facebook.
more from economy
Greenhouse gas emissions increased by 4.9 percent in 2021 compared to 2020
How Little Israel Became a Technological Power
Euro rose to highest level since April 2022
Stocking manufacturer Wolford announces staff cuts
My themes
For your saved topics
found new items.
info By clicking on the icon you add the keyword to your topics.
info
Click on the icon to open your “My Topics” page. They have of 15 tags saved and would have to remove tags.
info By clicking on the icon you remove the keyword from your topics.
Add the theme to your themes.
Source: Nachrichten
