Magazine article American Banker

eBay Ends PayPal Effort in Australia

Magazine article American Banker

eBay Ends PayPal Effort in Australia

Article excerpt

Byline: DANIEL WOLFE

After facing stiff opposition from consumer groups and regulators, eBay Inc. is reversing its stance on requiring Australian users to pay for most purchases through its PayPal Inc.

The San Jose company said in a notice posted last week on its Web site that it had told the Australian Competition and Consumer Commission it would continue to "allow all existing payment methods" through its Australian auction Web site.

The company's goal "has always been to provide members with a safer experience," eBay said. "Under the current circumstances, we will continue to look for ways to do that while still offering a variety of payment options."

"I think this was always an experiment," said Avivah Litan, a vice president and research director at the market research company Gartner Inc. If eBay had been able to reduce fraud by mandating PayPal's use in one place, it might have done the same elsewhere, she said. …

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