🤑 PayPal doing damage control after Misinformation Debacle and people closing their accounts

2 years ago
32

#paypal #redacted #closing #pypl
Updated: This Policy has been redacted...
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 well being, and so on.

After major backlash, PayPal reversed course and said they will not be fining people $2,500 for spreading ‘misinformation.’

“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,” said PayPal.

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