German competition authority to probe PayPal fees

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DPA

Germany’s Federal Cartel Office announced on Monday that it has launched proceedings against the online payment service PayPal on suspicion of obstructing competition and restricting competitive pricing. The reason behind the move is PayPal’s user conditions for premium payments and how PayPal is presented, the office said from its Bonn headquarters. “These clauses could restrict competition and could represent an infringement of the ban on misuse,” cartel office president Andreas Mundt said. Consumers could be paying higher prices for the service indirectly through higher prices for products,…

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