 |
It would be interesting to know how many PayPal accounts were closed in the last 24 hours. That’s what really got their attention.
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.
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.
The company reversed course after major backlash.
“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. Our team is working to correct our policy pages. We’re sorry for the confusion this has caused,” PayPal said in an email to the Epoch Times.
No comments:
Post a Comment