PayPal: $27.3 Million Fine

PayPal has been fined $27.3 million USD by the antitrust and consumer protection authorities in Poland for failing to clearly state which activities could result in penalties for consumers in its contractual clauses.

According to reports, UOKiK said that prohibited activities were described in an unclear manner, making it difficult for users to understand what actions could result in penalties and what decisions the company could take in such cases. PayPal has the option to appeal the decision in court.

UOKiK stands for the Office of Competition and Consumer Protection in Poland. It is the government agency that is responsible for enforcing competition law and consumer protection law in Poland and takes action against anti-competitive practices.