Chinese online sellers' Paypal accounts frozen
Updated: 2015-01-27 17:17
By Meng Jing(chinadaily.com.cn)
|
|||||||||||
A PayPal sign is seen at an office building in San Jose, California, May 28, 2014. [Photo/Agencies] |
International third-party payment platform Paypal has frozen a number of Chinese merchants' accounts due to their failure to respond to lawsuits, said a report in the Beijing News on Tuesday.
Paypal said the action to deactivate the accounts came following an order by court in the United States, and suggested Chinese sellers recourse to legal procedures to find a solution.
The Chinese merchants have been sued for allegedly selling counterfeit products after US buyers submitted to the court chatting records, which indicate some of them deal in fake items online
Due to the high cost of getting involved in a lawsuit in the US, many sellers chose to remain silent. Their Paypal accounts face the risk of being reset to zero.
The dispute comes as an increasing number of Chinese smal- and medium-sized enterprises, even individuals, engage in cross-border e-commerce, selling products to foreigners around the world.
According to the Ministry of Commerce, more than 200,000 Chinese enterprises used online platforms to sell goods to foreign buyers in 2013.
Related Stories
China's cross-border e-commerce pilots see growing trade 2015-01-27 10:00
Finding the balance in changing global environment 2015-01-20 10:55
China allows foreign investors to wholly own e-commerce business 2015-01-14 09:29
Internet sector to fuel 7% to 22% of China's GDP growth through 2025 2015-01-08 10:04
9 websites that provide 'haitao' service in China 2015-01-08 07:39
Today's Top News
Greek's Tsipras sworn in to fight bailout terms
IMF ready to continue supporting Greece after election
10 dead, 21 hurt in crash of Greek F-16 jet in Spain
Auschwitz concentration camp survivor calls for lasting peace
Greek leftist leader Tsipras claims victory
Favorable visa policy to draw talent
German company counts on brand to lure top people
EU FMs to discuss Ukraine crisis
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
CES: Spotlight on Chinese gadgets |
Yearender: What happened around the globe in 2014 |
National Memorial Day for Nanjing Massacre victims |
Corrupt female officials spark debate |
Blue skies ready to greet APEC |
Growth pangs |