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.
Recent News
Pizza Hut Introduces Cheeseburger Melt
Pizza Hut, renowned for its delectable pizzas, is now venturing into new culinary territory with the introduction of the Cheeseburger Melt.
Delta Air Lines Plane Catches Fire in Seattle
Recently, a scary video emerged online, capturing the terrifying moment for all involved as a Delta Air Lines plane burst into flames upon landing at Seattle-Tacoma International Airport.
Federal Probe Launched Into Waymo and Zoox Over Erratic Behavior in Self-Driving Cars
The National Highway Traffic Safety Administration (NHTSA) is probing two self-driving vehicle companies after incidents where their cars acted unpredictably, breaching traffic safety rules or getting into accidents.
Threads Launches Its Own Fact-Verification Effort
Threads, Meta’s latest social network, is beginning its independent fact-checking program after relying on Instagram and Facebook’s network for some time.