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PayPal faces new antitrust lawsuit claiming it unfairly stifles competition with Stripe, Shopify and more

PayPal has been hit with a class-action lawsuit by consumers represented by law firm Hagens Berman alleging that the fintech giant’s anti-steering rules stifle competition against lower-cost payment platforms such as Stripe and Shopify. Specifically, according to an investigation conducted by the firm’s consumer rights attorneys, PayPal has subjected consumers to excess charges when purchasing […]

source https://techcrunch.com/2023/10/05/paypal-faces-new-antitrust-lawsuit-claiming-it-unfairly-stifles-competition-with-stripe-shopify-and-more/

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shashi pathipaka
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