Re: New Paypal Policy Lets Firm Fine Users $2,500 for Spreading 'Misinformation,' ToS Condemned and Called an 'Abomination'

[Embrace Woke Go Broke!]

In article <smerlm$dbp$1...@news.dns-netz.com>
governo...@gmail.com wrote:
>
> Looks like it's time to cancel paypal.
> I just deleted my cards from the paypal account.
>

A new Paypal user policy that permits the company to fine users
$2,500 for spreading “misinformation” has caused quite a stir on
social media platforms. After November 3, anyone who posts or
publishes information or content to “promote misinformation”
will be subject to the penalty.

Editor’s note: This article was updated to reflect that Paypal
has retracted the user policy information after the social media
backlash. The company said: “An AUP notice recently went out in
error that included incorrect information.” The last paragraph
in this article contains the full statement from Paypal
concerning the user policy.

Paypal’s New User Agreement Clause Says It Can Pull $2,500 in
Funds From Users That Spread ‘Misinformation’
The payments services corporation Paypal reportedly plans to
update its user agreement with a new clause added that fights
against so-called “misinformation.” A new update added to the
restricted activity section of Paypal’s user agreement shows
that people who post or publish hate speech or misinformation
“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.” The Daily Wire first
discovered the upcoming terms of service (ToS) agreement.

The prohibited acts include “the sending, posting, or
publication of any messages, content, or materials” that
“promote misinformation,” the payments company warns. Of course,
the news wasn’t taken too kindly by the general public, and a
significant number of social media posts critized Paypal’s
decision to implement the new user agreement. Canadian lawyer
David Anber wrote: “[Hey Paypal] you have 30 days to explicitly
renounce this abomination of a policy or I am permanently
closing my account as will millions of others I am sure. Your
subjective views on ‘misinformation’ or ‘discrimination’ don’t
entitle you to your clients’ money.”


Moreover, the Paypal news caught the attention of Tesla
executive Elon Musk. When an individual wrote that the new ToS
news was “worrying” and “that’s why we need the X platform more
than ever,” Musk responded “100%.” Bitcoin supporters, of
course, took to their Twitter handles and exclaimed that
“bitcoin fixes this.” A great number of people on social media
begged others to “close their Paypal accounts” and “boycott” the
payment services company.


“Paypal’s new policy lets it pull $2,500 from user accounts for
promoting ‘misinformation,’ the Biden administration made easier
for the government to spy on Americans, the FBI is acting like
the KGB,” Pedro Gonzalez wrote on Saturday. “Venmo is owned by
Paypal which is owned by Ebay. Pull away from all 3 ASAP,”
another person tweeted. A number of individuals asked how Paypal
decides what information is “misinformation” or not, and people
many said current times are akin to a communist regime. One
person wrote:

And who decides what “misinformation” is? Why, Paypal, of
course. I am sure they will be fair. Twitter will restrict your
account if they don’t like what you post. Paypal has authorized
[itself] to assess monetary fines for bad behavior. Welcome to
the Soviet Union.


Paypal’s Long History of Holding Back Funds and Censoring
Financial Transactions
Paypal has been accused of censorship for a long time now and
picking and choosing sides based on the firm’s own subjective
valuations and of course, state orders. At the end of July last
year, Paypal revealed it partnered with the nonprofit
organization the Anti-Defamation League (ADL) and said it
planned to study financial transactions that funded extremism
and anti-government groups.


In 2010, Paypal and a number of other financial giants blocked
Wikileaks from getting donations, and it pushed Julian Assange
and the non-profit toward bitcoin. In 2019, Paypal shut off ties
to sex workers leveraging the adult web portal Pornhub, and at
the time 100,000 adult performers were left stranded. In 2020,
Paypal merchants who sold products associated with the eight-
legged micro-animals called tardigrades or “moss piglets” had
issues with the payment processor because the name tardigrade
was used by a Balkan arms dealer.


According to Eric July, owner of Rippaverse comics, two months
ago Paypal gave him significant issues when he sold Rippaverse
comics using Paypal and credit cards. At the time, $1.2 million
was put on hold by Paypal and on October 6, July said that after
making an erroneous error of only paying him back half of the
funds, “the other half was released,” and “there was no official
statement from Paypal as to why.” After a huge hassle, July got
back “all of the initially held funds” and he further stressed
that his firm would “never be using Paypal again.”

The Rippaverse comics owner added:

It’s a piece of sh*t company and I recommend that small business
owners especially avoid using them.

Paypal Claims New User Policy Went Out in Error
On October 8, a Paypal spokesperson explained to the National
Review that the user policy notice shared wildly on Twitter and
publications, was a mistake. “An AUP notice recently went out in
error that included incorrect information,” the Paypal
spokesperson insisted. “Paypal is not fining people for
misinformation and this language was never intended to be
inserted in our policy. Our teams are working to correct our
policy pages. We’re sorry for the confusion this has caused.”

TAGS IN THIS STORY
$2500 fine, Anti-Defamation League (ADL), Balkan arms dealer,
Censorship, Communist Regimes, Daily Wire, Elon Musk, Elon Musk
reply, Eric July, Free Speech, hate speech, Julian Assange,
misinformation, Paypal, Paypal company, Paypal policy, PayPal
User policy, Pedro Gonzalez, Porn hub, Rippaverse Comics, Soviet
Union, Tardigrades, user policy, Wikileaks
What do you think about the controversy surrounding Paypal’s
upcoming ToS agreement that says it can fine accounts for
spreading misinformation? Let us know what you think about this
subject in the comments section below.

https://news.bitcoin.com/new-paypal-policy-lets-firm-fine-users-
2500-for-spreading-misinformation-tos-condemned-and-called-an-
abomination/

--
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