German antitrust authority says PayPal practices may restrict competition

What happened: Germany's Federal Cartel Office said PayPal's ban on online merchants charging customers extra fees to use the payment method may restrict competition and violate the law. PayPal did not immediately respond to a request for comment. Why it matters: The cartel office's preliminary assessment is that the prohibition could restrict competition between various payment services and violate competition law. Key numbers: Preliminary assessment announced Nov 11.

Germany's Federal Cartel Office said PayPal's ban on online merchants charging customers extra fees to use the payment method may restrict competition and violate the law. PayPal did not immediately respond to a request for comment.

The cartel office's preliminary assessment is that the prohibition could restrict competition between various payment services and violate competition law. Key numbers: Preliminary assessment announced Nov 11.