JUST IN – PayPal spox on $2,500 misinfo fine: “An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy… We’re sorry for the confusion this has caused.”
PayPal now appears to be backing down after many users posted on social media that they will be closing their accounts.
PayPal has back-pedalled after social media users voiced outrage over a new policy posted, which stated it would seize $2,500 from a person’s account for each instance of “misinformation” posted online.
They’re now stating the notice to users “went out in error” and “included incorrect information”, claiming the language was “never intended to be inserted into our policy.”
PayPal’s New Policy will Fine Users $2,500 Directly from their Accounts if they Spread “Misinformation”
In its newly updated policy, PayPal 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.
The company’s current acceptable use policies are as follows:
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.
Users will be subject to a financial penalty if they violate the revised policy in any way, including by spreading false information, engaging in discrimination against the LGBTQ community, posing a risk to user safety, and so on.
Paypal has been on a ban-a-thon recently and has terminated the accounts of a number of campaign organizations. These organizations include the Gay Against Groomers, the Free Speech Union, legal activists Law or Fiction, and the parenting group UsForThem.