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The Almighty Buck

+ - eBay.com.au to restrict payment methods

Submitted by Sam Ritchie
Sam Ritchie writes: eBay Australia have announced they will stop allowing direct deposit, personal cheque and money order payment methods after June 17, leaving COD and PayPal (owned by eBay) as the only payment method options on the popular auction site. They're claiming this change is to increase security for buyers & sellers, but the cynic in me is suggesting it's designed to give eBay a larger slice of seller's auction proceeds. Is eBay using Australia as a test bed prior to a global rollout of this policy?

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