PayPal Faces $27.3M Fine In Poland Over Ambiguous Contract Clauses, Watchdog Criticizes Lack Of Transparency
PayPal Faces $27.3M Fine In Poland Over Ambiguous Contract Clauses, Watchdog Criticizes Lack Of Transparency
The Polish antitrust and consumer protection watchdog, UOKiK, has imposed a hefty fine on PayPal Holdings Inc. (NASDAQ:PYPL) for using unclear contract clauses.
波蘭反壟斷和消費者保護監管機構UOKik已對PayPal Holdings Inc.（納斯達克：PYPL）處以巨額罰款，原因是其使用了不明確的合同條款。
What Happened: UOKiK has fined PayPal Europe 106.6 million zlotys ($27.3 million) for not clearly outlining to consumers the activities for which they could be penalized in their contractual clauses, Reuters reported on Monday.
UOKik對PayPal歐洲處以10660萬茲羅提的罰款($2730萬)，因未明確概括合同條款中可能會受到處罰的行爲，路透社週一報道。
The watchdog stated that the prohibited activities were described in an ambiguous manner, making it difficult for users to understand what actions could result in penalties.
監管機構稱，禁止的行爲描述不清，使得用戶難以理解可能會被處罰的行爲。
UOKiK's President, Tomasz Chrostny, criticized PayPal's clauses for being "general, ambiguous, and incomprehensible." He added that this ambiguity gives PayPal the power to unilaterally decide if a user has violated a clause and what penalty they will face, which could include freezing funds in the user's account.
UOKiK的主席Tomasz Chrostny批評PayPal的條款“普遍、不明確和難以理解”。他補充說，這種模糊性給了PayPal決定用戶是否違反條款以及他們將面臨哪種懲罰（可能包括凍結用戶帳戶中的資金）的權力。
PayPal has the option to appeal the decision in court, according to UOKiK.
據UOKik稱，PayPal有權在法庭上提出上訴。
"PayPal is committed to treating its customers fairly and giving them accurate, easy to understand and transparent information," the company said, according to the report. "We have been working closely with UOKiK throughout its investigation, and we are reviewing today's announcement. As UOKiK states, this decision is not final and there will be an opportunity to appeal," it added.
根據報告，該公司表示：“PayPal致力於公平對待其客戶併爲他們提供準確、易於理解和透明的信息。我們一直在密切與UOKik合作調查，我們正在審查當天的公告。正如UOKik所述，這個決定並不是最終的，還有上訴的機會。”
Why It Matters: This fine is not an isolated incident for PayPal. Recently, the company faced scrutiny in Australia. Last week, the federal court ruled that PayPal's local unit had an unfair term in its contracts with small businesses, leading to overcharging.
這筆罰款不是PayPal所面臨的唯一事件。最近，該公司在澳大利亞遭到了審查。上週，聯邦法院裁定PayPal的當地部門在與小企業簽訂的合同中有不公平條款，導致對企業進行過度收費。
The Australian Securities & Investments Commission highlighted that customers who failed to report errors within 60 days had to accept the charges as accurate.
澳大利亞證監會指出，如果客戶在60天內未能報告錯誤，則必須接受收費爲準確。
Moreover, PayPal is undergoing significant changes in its leadership and strategy. In late June, RBC Capital analyst Daniel Perlin reiterated that PayPal's new leadership is poised to drive profitable growth, with fiscal 2024 marked as a transition year for the company.
此外，PayPal正在經歷重大的領導層和戰略變革。 6月底，RBC資本分析師Daniel Perlin重申，PayPal的新領導層正準備推動盈利增長，2024財年標誌着該公司的過渡期。
However, the company is also facing increased competitive pressures. In June, Goldman Sachs analyst Will Nance noted that PayPal's competitive positioning in online payment processing is under threat from mobile and web-based wallets.
然而，該公司也面臨着日益增加的競爭壓力。高盛分析師Will Nance在6月表示，PayPal在在線支付處理方面的競爭地位受到來自移動和基於Web的錢包的威脅。
Price Action: PayPal stock closed at $60.24 on Friday, marking a gain of 0.42% for the day. In pre-market trading, the stock rose by 0.93%. However, year to date, PayPal has seen a decline of 1.99%, according to data from Benzinga Pro.
PayPal股票於週五收盤價爲60.24美元，當天上漲0.42%。在美股盤前交易中，該股上漲了0.93%。然而，根據Benzinga Pro的數據，PayPal今年以來下跌了1.99%。
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Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote