Reserve Bank not reviewing eBay policy

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The Reserve Bank of Australia has said that it has not initiated a formal review on eBay’s move to force sellers to offer PayPal as a payment method, even though there are complaints from a group which claims to be made up of disgruntled sellers.

Even though eBay has backed down from a policy of using PayPal exclusively, it has made it a permanent fixture on all auctions; even though it has allowed the use of other payment options.

The disgruntled eBay sellers’ group’s spokesperson has said that "eBay have been and continue to pursue through stealth the objective denied it by the ACCC," and has also written to the ACCC and other relevant authorities.

However, the Reserve Bank has said that it had just receive the letter and has not made any response to the letter.

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