Australian regulator sues PayPal unit over unfair term in small business contracts ...Middle East

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Australian regulator sues PayPal unit over unfair term in small business contracts
The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo/File Photo Acquire Licensing Rights Sept 7 (Reuters) – Australia’s securities regulator said on Thursday it will take PayPal’s (PYPL.O) local arm to court alleging that the digital payments giant’s standard contracts with small business customers contain an unfair term that could overlook errors in overcharging, burdening its clientele. The Australian Securities and Investments Commission (ASIC) said it has started proceedings against PayPal Australia Pty Ltd in a case that highlights a contract term that gives PayPal business account holders 60 days to notify discr

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