Paypal's 'Unfair Contract Term' With Small Businesses That Led To Overcharging Ruled Out By Australian Court
Paypal's 'Unfair Contract Term' With Small Businesses That Led To Overcharging Ruled Out By Australian Court
In a recent development, the federal court of Australia has ruled that the local unit of PayPal Holdings Inc. (NASDAQ:PYPL) had an unfair term in its contracts with small businesses, leading to instances of overcharging.
最近澳洲聯邦法院裁定，PayPal Holdings Inc.（納斯達克股票代碼：PYPL）的本地單位在其與小型企業的合同中存在不公平條款，導致了過度收費的情況。
What Happened: The Australian Securities & Investments Commission (ASIC) announced that the court deemed PayPal's term unfair, Reuters reported on Friday. This particular term required customers who failed to report overcharging errors within a 60-day period to accept the charges as accurate.
發生了什麼：據路透社週五報道，澳大利亞證券與投資委員會（ASIC）宣佈，法院認爲PayPal的條款不公平。這一特定條款要求未在60天內報告收費錯誤的客戶接受收費爲準確。
The court proceedings against PayPal were initiated by ASIC in September of the previous year. ASIC Deputy Chair Sarah Court stated, "Today's decision serves as a reminder to all businesses that unfair contract terms contained within standard form contracts with small businesses will not be tolerated."
ASIC於去年9月展開了針對PayPal的訴訟。ASIC副主席Sarah Court表示，“今天的裁決提醒所有企業，不會容忍在與小企業簽訂的標準格式合同中存在的不公平合同條款。”
Paypal has yet to respond to the queries sent by Benzinga.
Paypal尚未就Benzinga的查詢做出回應。
Why It Matters: The ASIC disclosed that PayPal cooperated voluntarily during the investigation. The company acknowledged that the term was unfair, agreed to the court's declarations, and voluntarily removed the term from its contracts on Nov. 8, 2023. The court has also ordered PayPal to pay ASIC's litigation costs.
爲什麼很重要：ASIC披露，PayPal在調查期間自願合作。該公司承認該條款是不公平的，同意法院的聲明，並自願於2023年11月8日從其合同中刪除該條款。法院還命令PayPal支付ASIC的訴訟費用。
This ruling comes at a time when PayPal is undergoing a transition phase. The company's new leadership and strategy are expected to drive long-term profitable growth. The company's stock closed at 59.51 USD on July 5, 2024, down 0.22% from the previous close.
此次裁決正值PayPal正在經歷轉型期。公司的新領導層和策略預計將推動長期盈利增長。公司股票於2024年7月5日收盤價爲59.51美元，比前一交易日下跌0.22％。
Price Action: On Wednesday, Paypal closed at $59.64 and was trading 0.23% lower at $59.50 during Friday's pre-market, according to Benzinga Pro.
價格行動：週三，Paypal股價收於59.64美元，根據Benzinga Pro的數據，週五盤前交易時下跌0.23％，價格爲59.50美元。
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Photo: Lets Design Studio/Shutterstock
照片：Lets Design Studio/Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成，並由Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。