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German antitrust authority says PayPal practices may restrict competition

German antitrust authority says PayPal practices may restrict competition

Germany's Federal Cartel Office, the country's antitrust authority, has concluded that PayPal's policy of forbidding online merchants from charging customers additional fees for using PayPal may limit competition and infringe upon competition laws. The office's preliminary assessment, which has not been officially confirmed, suggests that this prohibition could hinder competition among various payment services and violate competition regulations. PayPal has not yet responded to requests for comment on the matter.

Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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