Paymate Issues Challenge to eBay Over Buyer and Seller Protection

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Paymate Issues Challenge to eBay Over Buyer and Seller Protection

May 7, 2008 by Ty Tribble | 0 Comments

iTWire – Paymate issues open challenge to eBay over buyer and sell protection

Australian-based Internet payment services provider Paymate has issued an open challenge to eBay Australia to prove claims made to iTWire last week that eBay-owned PayPal offers better buyer and seller protection than Paymate are true. In addition, Paymate says that its payment system can be easily integrated with the eBay site contrary to the claims made by eBay.In what is being widely viewed as a precursor to a global rollout, eBay Australia plans to make PayPal the only payment option other than cash on delivery, eliminating choices such as direct credit card payments and bank deposits, as well as competing payment clearing systems such as Paymate. Opponents are calling on the Australian Competition and Consumer Commission (ACCC) to block the anti-competitive move by eBay, while eBay is seeking indemnity from the Trade Practices Act, claiming that a PayPal only eBay Australia is for the greater good of consumers.