EBay Australia's PayPal only policy blocked

June 13, 2008 eBay's PayPal and cash on delivery policy was blocked on Friday by the Australian Competition and Consumer Commission (ACCC) after it released a draft ruling citing that it was an "anti-competitive effect" and calling on eBay to postpone its policy which is due to take effect next week.

ACCC's final ruling is still pending however it is unusual for the ACCC to reverse draft rulings once issued.

In a statement eBay said that it was "disappointed" by the ruling and that "eBay believes the consumer benefits of this initiative are worth fighting for on behalf of its buyers which will ultimately benefit sellers."