[ May 1, 2024 ]
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Paypal backed down. But for how long?
It’s hard for me to openly criticize a company I used to love and gave so much to. But @PayPal’s new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity. https://t.co/Gzf8faChUb
— David Marcus (@davidmarcus) October 8, 2022
Well, well… looks like PayPal spread misinformation about itself. Maybe they should pay a $2,500 fine to all of us? pic.twitter.com/5AjWTpDvYv
— Christina Pushaw 🐊 🇺🇸 (@ChristinaPushaw) October 9, 2022
After Major Backlash, PayPal Now Says Company Will Not Seize $2,500 From Users if They Spread ‘Misinformation’
By Cristina Laila, October 8, 2022:
After major backlash, PayPal reversed course and said they will not be fining people $2,500 for spreading ‘misinformation.’
In its newly updated policy, PayPal announced it will begin fining users $2,500 directly from their accounts if they are found to be spreading “misinformation.”
In 2020, PayPal changed its policy and users were compelled to agree to a $2,500 PayPal fine if they violated the PayPal acceptable use policy.
On September 26th, the financial service announced some changes to certain agreements.
Starting November 3, 2022, PayPal is expanding the existing list of prohibited activities to include the sending, posting, or publication of messages, content, or materials under its Acceptable Use Policy.
“Violation of this Acceptable Use Policy constitutes a violation of the PayPal User Agreement and may subject you to damages, including liquidated damages of $2,500.00 U.S. dollars per violation, which may be debited directly from your PayPal account(s) as outlined in the User Agreement,” said PayPal.
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