No, it hasn’t.

For one thing, it has nothing to do with ASIC – that’s a completely different entity who have nothing to do with the issue! As said in my post that you tried to argue, the relevant authority is the ACCC.

Secondly, there’s no immunity, even with your attempt at qualifying “the period the proposal is under review”. In fact, they haven’t even applied the full restriction which is suggested by your claim of being “immune”. What they have done is lodge a _notification_ of what they intend to do, which is to breach current TPA laws.

If you’re going to make claims, and try to debate, maybe you should do some research in future…!

With the claims being made, if anything it looks like it’d be _easier_ in the States to get this past. There’s already a greater acceptance of Paypal there than there is in the Australian terrirtory, which is one of the reasons ebay are keen to roll it out in Australia, to get a bigger share of the action as they have elsewhere.

No, it hasn’t.

They had to apply but the process is still underway. So far, submissions have been called and closed with heavy hitting responses from the ABA, RBA and major banks amongst others. Ebay now has a chance to respond and then the ACCC will make a decision. A long way off immunity being granted.

eBay has the potential to be the B2B and B2C showcase for small exporters worldwide.

But PayPal has a limit of $10,000 per international transaction, so for big ticket items it can handle the deposit.

After that eBay’s avoidance of even mentioning that international commercial banks have been successfully using escrow accounts for hundreds of years to facilitate exports, is very puzzling.

Documentary Letters of Credit are far more secure for both buyers and sellers — and they work domestically as well as internationally — and can transfer unlimited amounts of money.

Ah well, I guess eBay just wants to sell small stuff. Someone else will have to help the B2B and B2C crowd.