PayPal has reinstated it's $2500 fine for misinformation.

https://t.me/The_Library_II/88429

Huh, someone apparently doesn't like people shining a strong light on PP. Someone needs to grow the hell up.

Kyle Becker has something to say about it. Too long to haul it all over, but here is part.

https://thekylebecker.substack.com/p/fact-checkers-called-it-misinformation?utm_source=%2Finbox&utm_medium=reader2

"No, PayPal Isn’t Planning To Fine Users $2.5K for Posting Misinfo," Snopes chided. "Here's what you should know about a since-deleted document supposedly outlining changes to the platform's user agreement."

"However, users concerned about the purported change can relax; no such provision about misinformation is actually being added to the service’s User Agreement, according to a PayPal spokesperson," Snopes said. "In an email to Snopes, the spokesperson said the document didn’t accurately reflect upcoming changes to the platform’s policies."

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Reuters also got in on the fact checking action while noting that numerous users were deleting their accounts.

"Social media users are saying they will be deleting their PayPal account after the company said on Monday that they issued an update saying that customers could be fined $2,500 in damages for sharing misinformation 'in error'," Reuters wrote.

"Some continued to share the claim after PayPal’s clarification (here), (here)," Reuters continued.

"On October 10, Reuters reported a spokesperson for the company saying, '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'."

So, all of these fact checkers are misleading their readers by leaving up these 'fact checks,' given that the user agreement as of October 27 clearly states that PayPal will fine users for 'misinformation.' (No word yet on if PayPal plans to fine Snopes or Reuters.)

Here are terms from the user agreement that are among those that are a definite cause for concern. PayPal states that "[i]n connection with your use of our websites, your PayPal account, the PayPal services, or in the course of your interactions with PayPal, other PayPal customers, or third parties, you must not":

Breach this user agreement, the PayPal Acceptable Use Policy, the Commercial Entity Agreements (if they apply to you), the PayPal Balance Terms and Conditions (if it applies to you), or any other agreement between you and PayPal;

Violate any law, statute, ordinance, or regulation (for example, those governing financial services, consumer protections, unfair competition, anti-discrimination or false advertising);

Infringe PayPal’s or any third party’s copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy;

Sell counterfeit goods;

Act in a manner that is defamatory, trade libelous, threatening or harassing;

Provide false, inaccurate or misleading information;

Refuse to cooperate in an investigation or provide confirmation of your identity or any information you provide to us;

Control an account that is linked to another account that has engaged in any of these restricted activities;

Conduct your business or use the PayPal services in a manner that results in or may result in; complaints;

Allow your PayPal account to have a negative balance;

Access the PayPal services from a country that is not included on PayPal’s permitted countries list;

Take any action that imposes an unreasonable or disproportionately large load on our websites, software, systems (including any networks and servers used to provide any of the PayPal services) operated by us or on our behalf or the PayPal services;

The $2,500 fine is also listed in its "Acceptable Use Policy": "You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal's services, regardless of the purpose of the use. In addition, you must adhere to the terms of this 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."

It will be interesting to see if PayPal again disputes the terms that are posted on its own website and claims that they are "misleading." Once again, it is a hallmark of being "Woke" corporation to exempt oneself from the complaints and accusations that one makes against others.

As pointed out by Twitter user, PayPal’s CEO Dan Schulman was featured at the World Economic Forum discussing the purported “thing that separates good companies from great ones: Trust.”

Schulman boasted to the World Economic Forum about all the Woke ‘do-gooderism’ that his alleged financial services company has ‘achieved.’

“We’ve taken a lot of positive stands: backing immigration reform; providing access to interest-free loans to help federal workers when they were furloughed during the government shutdown in 2019; and investing more than $500 million since 2020 to close the racial wealth gap by supporting Black-owned small businesses and creating an economic opportunity fund to invest in community banks and credit unions serving underrepresented communities,” Schulman said.

“Some is about things you stop doing.,” he went on. “For example, we’ve barred hate groups, the Proud Boys on the far right and Antifa on the far left, from using our platform. The difficult part there is identifying what is hatred and what is freedom of speech. Nobody teaches you that.”

“But the older I’ve gotten and the longer I’ve been in CEO jobs, the more I’ve realized that if mission and values are what guide your toughest decisions, it’s not actually that hard,” he continued. “When North Carolina passed a bathroom law in 2016 that discriminated against LGBTQ citizens, I immediately made the decision that we were going to withdraw our plans to open an operations center there in a week. Because that was a clear assault against people for their gender identity and their sexual orientation. Now, I didn’t realize how much it was going to thrust us into the national spotlight, that I couldn’t go into a bathroom for a while without security searching the stalls first. But it was clear to me that this was a case of putting our values into action, and honestly, we had no choice but to make that decision.”

PayPal’s CEO has made it clear that the company, and its sister company Venmo, cannot be trusted. Americans who value the right for everyone to live in a free society should cancel their accounts. And for everyone who already canceled their accounts, those should stay canceled.

What is Paypal?

Don't they own venmo too? Can they in theory do the same if so?

Seriously though, I don't keep money in my PayPal account, so I don't understand how would these freaks at PayPal supposed to punish me.

If they mean to take money out of my bank account, then watch me unlink my bank account from the PayPal account.