PayPal Sued in US Consumer Case Over ‘Industry-High’ Transaction Fees
October 5, 2023
PayPal is facing an antitrust lawsuit in California, where two consumers allege the company has crafted agreements with e-commerce merchants to artificially maintain high transaction fees, violating competition law. The suit contends that PayPal, which owns Venmo, enforces the highest transaction fees among payment processors and asserts that PayPal’s “anti-steering” rules serve no plausible procompetitive purpose. The plaintiffs seek unspecified monetary damages and an injunction against what they deem anticompetitive practices.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.