PayPal Reinstates Policy to Fine Users $2,500 Directly from Accounts for ‘Misinformation’

“Woke” online payments company PayPal has reinstated its controversial policy to fine users $2,500 directly from their accounts for promoting so-called “misinformation.”

As Slay News previously reported, PayPal provoked widespread outrage over the Orwellian policy.

Earlier this month, PayPal changed the language of the restricted activity section on its AUP to include a clause threatening to impose a $2,500 penalty “debited directly from your PayPal account” for an expanded list of prohibited activities.

The new conditions were supposed to launch effective November 3, the Daily Wire first reported.

The policy changes include a ban on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation,” “hate,” or anything else the company deemed “unfit for publication.”

As many critics pointed out on social media, the new rule would allow PayPal to take $2,500 from the account of a user if they “misgendered” someone on Twitter.

Following a severe backlash to the “woke” move, PayPal quickly withdrew the policy and scrubbed it from their website.

PayPal claimed that the change had been added in “error” and said it wouldn’t be fining users for “misinformation.”

“An AUP notice recently went out in error that included incorrect information,” PayPal said in a statement.

“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.”

However, the company has now reinstated that same policy.

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Starting November 3, 2022, PayPal will begin enforcing its new policy to fine users $2,500 directly from their account if they “provide false, inaccurate or misleading information,” according to the updated PayPal User Agreement.

“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,” the policy states.

“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 (see “Restricted Activities and Holds” section of the PayPal User Agreement).

Its Restricted Activities and Holds states, “In 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 provide false, inaccurate, or misleading information.”

“If you’ve violated our Acceptable Use Policy, then you’re also responsible for damages to PayPal caused by your violation of this policy; or

“If you are a seller and receive funds for transactions that violate the Acceptable Use Policy, then in addition to being subject to the above actions you will be liable to PayPal for the amount of PayPal’s damages caused by your violation of the Acceptable Use Policy,” Paypal said.

“You acknowledge and agree that $2,500.00 U.S. dollars per violation of the Acceptable Use Policy is presently a reasonable minimum estimate of PayPal’s actual damages – including, but not limited to, internal administrative costs incurred by PayPal to monitor and track violations, damage to PayPal’s brand and reputation, and penalties imposed upon PayPal by its business partners resulting from a user’s violation – considering all currently existing circumstances, including the relationship of the sum to the range of harm to PayPal that reasonably could be anticipated because, due to the nature of the violations of the Acceptable Use Policy, actual damages would be impractical or extremely difficult to calculate.

“PayPal may deduct such damages directly from any existing balance in any PayPal account you control.”

Earlier this month, the former President of PayPal, David Marcus, blasted the policy — calling it “insanity” because “a private company now gets to decide to take your money if you say something they disagree with.”

Even the new boss at Twitter, PayPal co-finder Elon Musk, agreed with his comment.

Several public figures have advocated for a boycott of PayPal over the company’s Orwellian “misinformation” policy, and some have already done so.

Following a surge of online calls to close PayPal accounts, the company’s stock price plummeted.

PayPal reportedly responded by offering account holders $15 worth of vouchers in a desperate move to prevent them from canceling their accounts.

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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