The hundreds of millions of consumers who pay online with PayPal and Venmo are facing higher prices because of rules the platforms impose on merchants that prevent them from steering customers to different, cheaper payment options, according to a proposed class-action lawsuit filed Thursday.
Democracy Dies in Darkness
PayPal’s merchant rules raise prices for consumers, lawsuit says
A proposed class-action suit argues that merchants should be allowed to steer customers to different, cheaper payment options
By Julian Mark
October 5, 2023 at 6:33 p.m. EDT