[1/2] The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019.   REUTERS/Fabrizio Bensch/File Photo  GLOBAL BUSINESS WEEK AHE

German cartel office initiates proceedings against PayPal

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2023-01-24 11:30:10

[1/2] The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo GLOBAL BUSINESS WEEK AHEAD

BERLIN, Jan 23 (Reuters) - Germany's cartel office regulator said on Monday it had initiated proceedings against payment company PayPal Europe (PYPL.O) over the possibility that it hindered competition.

The subject of the proceedings was PayPal's rules for extra charges and the presentation of PayPal in the terms of use for Germany, the watchdog said. PayPal did not immediately reply to a request for comment.

The regulator is investigating in particular rules that say merchants may not offer their goods and services at a lower price to customers who choose a cheaper payment method than PayPal.

PayPal demands that sellers do not express a preference for other payment methods or make their use more convenient for customers, according to the antitrust watchdog.

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