PayPal has been taken to court by Australia's corporate regulator, which claims the payment service's contracts with small businesses are unfair.
by Australia's corporate regulator, which claims the payment service's contracts with small businesses are unfair.in the Federal Court today over a clause that only gives businesses 60 days to dispute fees or charges with the payment service.
ASIC has called that unfair, alleging it allows PayPal to keep fees it has overcharged or otherwise incorrectly applied if a business doesn't notify it within two months.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live: Philip Lowe to give final speech as RBA governor, ASIC sues PayPal Australia, ASX lowerOutgoing RBA governor Philip Lowe will give his final public speech before handing over to Michele Bullock next week, while the ASX is trading down following poor US economic data prompted concerns interest rates will stay higher for longer. Follow live.
Read more »
Live: Lowe delivers final speech as RBA governor, ASIC sues PayPal Australia, ASX lowerOutgoing RBA governor Philip Lowe is giving his final public speech before handing over to Michele Bullock next week, while the ASX is trading down after poor US economic data prompted concerns interest rates will stay higher for longer. Follow live.
Read more »
Why Matildas hero rejected overseas interest to stay in AustraliaThe Aussie star believes the ‘sky’s the limit’ for women’s football.
Read more »
Why Australia could lose the race on critical mineralsThe rhetoric on the potential of critical minerals has yet to match reality. Tesla chairman Robyn Denholm has an answer, but will the government listen?
Read more »
Why claims Australia’s aviation market is competitive don’t flyThe idea that Australia is the world’s most competitive aviation market doesn’t stack up when viewed against arguments used to justify the Qatar decision.
Read more »
PayPal targeted by ASIC for contract clause letting it keep wrong feesThe corporate regulator alleges PayPal has an unfair clause in its contracts allowing it to keep overcharged fees if errors aren’t notified by customers.
Read more »