Visa Inc. is facing scrutiny from the Department of Justice over an arrangement with PayPal Holdings Inc. that was struck years ago, Bloomberg Law reported...
Visa Inc. V is facing scrutiny from the Department of Justice over an arrangement with PayPal Holdings Inc.
that was struck years ago, Bloomberg Law reported earlier Tuesday. In the early days following PayPal’s spinoff from eBay Inc. the digital-payments company preferred that users paid with their bank accounts rather than with credit or debit cards because of the fees associated with card payments, but PayPal ultimately struck partnerships with the networks that meant it wouldn’t steer customers toward account-funded methods. The Bloomberg report, which cites unnamed sources, said that the DOJ is looking... Visa Inc. V is facing scrutiny from the Department of Justice over an arrangement with PayPal Holdings Inc.
that was struck years ago, Bloomberg Law reported earlier Tuesday. In the early days following PayPal’s spinoff from eBay Inc. the digital-payments company preferred that users paid with their bank accounts rather than with credit or debit cards because of the fees associated with card payments, but PayPal ultimately struck partnerships with the networks that meant it wouldn’t steer customers toward account-funded methods. The Bloomberg report, which cites unnamed sources, said that the DOJ is looking into Visa’s version of the arrangement with PayPal as part of a deeper antitrust examination.
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