PayPal to charge your account $2,500 for wrongthink

[Baud Dude]

New PayPal rule: The company can take $2,500 from your account for sharing misinformation (UPDATE)

PayPal account owners might soon find themselves charged $2,500, under a new PayPal rule levying fines for the sharing of misinformation.

bgr.com

PayPal says it’s expanding its existing list of prohibited activities to include the “sending, posting, or publication of messages, content, or materials that meet certain criteria.” The full details are explained right here, but PayPal is basically set to start levying a fine when users are found to have shared “misinformation” or promoted content that’s deemed to be “discriminatory” or promoting “hate.”

The list of prohibited activities is broader than that, but it’s especially the prohibition on sharing “misinformation” that’s giving many people pause. Moreover, PayPal gives itself the right to debit $2,500 from your PayPal account for each violation of this new, expanded acceptable use policy.

This quietly appeared in PayPal ToS near the beginning of the month, was pulled out after it got lit up on social media as "an error", but is now back in the terms of service that will take effect November 3 (next week).

 

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