PayPal Settles $30M DOJ Fee Dispute Over Black Owned Businesses PayPal has agreed to pay $30 million to resolve allegations made by the US Department of Justice (DOJ) that it discriminated against black owned businesses in its payment processing practices.
The charges were first brought forth in 2018, and since then, have been the subject of intense scrutiny and debate within the fintech community. What Was at Stake in the DOJ Fee Dispute?
The $30 million fee dispute centered on allegations that PayPal engaged in discriminatory practices against black owned businesses by charging them higher fees for payment processing.