Did you hear the chorus of cheers go around today. eBay sellers will be rejoicing as they hear of the draft notice issued by the Australian Competition and Consumer Commission regarding eBay’s proposition to mandate the use of PayPal only payment.

In the News released today the ACCC Chairman Mr Graeme Samuel states:

“The ACCC is concerned that the notified conduct will allow eBay to use its market power in the supply of online marketplaces to substantially lessen competition in the market in which PayPal operates,”

and that

“In light of the serious competition concerns raised in the draft notice and the significant concerns raised by interested parties, I have asked eBay to delay implementation of the second stage of the conduct until a final decision is made by the ACCC,” Mr Samuel said.

So a final decision has yet to be made but it looks as if common sense will rein. Click here to read the full ACCC Notification

Head on over to the eBay discussion boards if you want to join in on the celebrations.

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