Consumers who purchased consumer electronic goods from an EBay online trader are set to be compensated millions by both PayPal Australia and credit card companies after the retailer went bust selling consumer electronic goods such as universal remotes, HD cables AV and iPod accesories.
SV Partners has been appointed as liquidator for the Queensland-based company, which was registered as EBS International but traded on eBay under the name Ebusiness-supplies. It was wound up last week.
The company was reportedly Australia’s seventh largest seller on eBay was also offering goods such as vibrator armchairs, exercise equipment, electric guitars and sound systems. It was reported to have had sales in
excess of $15 million last year.
Ebusiness-supplies has reportedly sent a letter to customers saying it will not be able to complete any current orders. It has blamed an agent in Hong Kong for failing to ship a container. Principles of the Company have apparently fled to China.
“Not liable but we’ll pay’
PayPal Australia has established a fund to reimburse customers who paid for goods using the controversial eBay payment subsidiary. An ABC radio report last night said the total payout was expected to exceed $1 million.
PayPal Australia spokesman Andrew Pippolo said the payments company was “actually not liable” to make the reimbursements, but because of the impact on the large number of buyers involved, it had made the decision to
reimburse affected those who had used PayPal.
Under pressure from the Australian Competition And Consumer Commission, eBay earlier this month withdrew a controversial plan which would have required most Australian buyers to use PayPal rather then credit cards for purchases.