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Oct. 9, 2023

Lawsuit accuses Paypal of anticompetitive agreements

“To accept PayPal, e-commerce merchants in the U.S. enter form contracts with PayPal that (since no later than 2010) strictly prohibit offering price discounts when consumers use non-PayPal means of payment,” Hagens Berman partner Ben M. Harrington wrote in the complain

PayPal Holdings Inc. is facing a proposed federal class action accusing the financial services company of designing anticompetitive agreements with e-commerce merchants that use the payment platform.

The lawsuit was filed Thursday in San Jose by attorneys at Hagens Berman Sobol Shapiro LLP.

“PayPal continues to put our customers first in everything that we do, and we take this responsibility seriously. We are ...

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