E-commerce Platform Wish to Compensate Hungarian Users
U.S.-based e-commerce platform Wish has agreed to compensate 100,000-150,000 Hungarian consumers in lieu of paying a fine, the Competition Office (GVH) said on Tuesday, according to state news wire MTI.
Wish will offer all Hungarian consumers who made purchases on the platform in 2021 by clicking on the "instant offer" button HUF 1,500 in credit. That credit should add up to HUF 150 million-225 mln, GVH said.
GVH said it suspected certain prices on the platform could be "fictitious", while some products were advertised with "unrealistic" discounts and using "false claims".
Wish agreed to cease its practice of showing consumers the "instant offer" button with a countdown timer, suggesting they can lock in discounts.
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