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.
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Cinco de Mayo 2024: Food and Drink Specials
Cinco de Mayo isn’t just a celebration of Mexican-American culture; it’s also a day of fantastic deals and specials across the nation. This year’s festivities kick off with deals that last until May 5th. Here’s a list of some of the offers: