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New PayPal rule: The company can take $2,500 from your account for sharing misinformation (UPDATE)
MSN ^ | 10-08 | Andy Meek

Posted on 10/09/2022 7:59:39 AM PDT by dennisw

Alittle less than a week before the midterm elections in November, a new PayPal account update will take effect that has sent the internet into an uproar — and also drawn condemnation from PayPal’s former president David Marcus.

What’s happening: PayPal is updating its acceptable use policy, with the update taking effect on November 3. You might say to yourself, well, I don’t use my account with the financial services company for anything improper or illegal, so what do I have to worry about? Here’s why that might not necessarily be true:

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.”

PayPal account update 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.

Marcus, for his part, described this new policy as “insanity.” A tweet from him on Saturday, October 8, reads in part: “A private company now gets to decide to take your money if you say something they disagree with.” Venture capitalist David Sacks chimed in, in response to Marcus: “Get your money out of PayPal right now.” Elon Musk, an erstwhile member of the OG “PayPal Mafia,” also added his approval to Marcus’ tweet, writing simply: “Agreed.”

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy
KEYWORDS: paypal
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1 posted on 10/09/2022 7:59:39 AM PDT by dennisw
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To: dennisw

“PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy...”
https://freerepublic.com/focus/f-news/4099244/posts


2 posted on 10/09/2022 8:00:58 AM PDT by cranked
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To: dennisw

So t-shirts have to adhere to woke content rules?


3 posted on 10/09/2022 8:12:18 AM PDT by dblshot
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To: dennisw

[[“PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy...”]]

Translation ‘becuuse it has caused such an uproar of disapproval, the test terms we thought up and consequently trotted out now will be postponed until a further date when noone is really paying attention, and until we can coordinate with the msm to keep it quiet, so that noone will hardly notice. There will come a day when society does what we demand or else, but because of the consternation of the far right radicals, that day is not today... unfortunately’


4 posted on 10/09/2022 8:12:51 AM PDT by Bob434 (question)
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To: Bob434

> the test terms we thought up and consequently trotted out now will be postponed until a further date <

Yep. I wouldn’t be a bit surprised if they sneak it in later in an “updated terms of agreement”. It will be on line 95 of a 100 line document. All in small print, of course.

Leftists are like that. They just have to be in total control. Freedom of expression? That’s such an outdated concept.


5 posted on 10/09/2022 8:21:57 AM PDT by Leaning Right (The steal is real.)
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To: dennisw

I’d bet anything that policy would be in full effect if nobody bothered to read it and go public.


6 posted on 10/09/2022 8:25:56 AM PDT by jughandle
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To: cranked

” ... and this language was never intended to be inserted in our policy ... “

Whether or not the language was intended to be inserted into policy, someone did write it, and someone did insert it into the policy. Possibly the same someone. Who wrote it? If it was “never intended to be inserted into the policy”, then why was it written in the first place? Has that person or those people been identified? Have they been sanctioned? Also, who inserted it into the policy? Has that person or those people been identified? Have they been sanctioned? If it was never intended to be inserted into policy, where was it intended to be used? What was the intended purpose of the language, if not for company policy?

These are the sorts of questions that the gaslight media never troubles itself to ask, let alone dig around and actually answer.


7 posted on 10/09/2022 8:35:35 AM PDT by coloradan (They're not the mainstream media, they're the gaslight media. It's what they do. )
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To: dennisw

Will Kane said he knows quite a few people who are canceling their accounts due to this policy even after revoking it.


8 posted on 10/09/2022 8:37:46 AM PDT by mware
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To: dennisw

CLOSED! 10/9/22 10:36am


9 posted on 10/09/2022 8:39:32 AM PDT by high info voter (Delivery )
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To: dennisw

Elon Musk could start a new PayPal company and take over


10 posted on 10/09/2022 8:42:20 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: dennisw

You have to LLLLLOOOOOVVVVEEE the democrap destruction of this country in order to not be considered hateful. And God help us if we back it up with the facts they suppress.


11 posted on 10/09/2022 8:44:17 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.for corruptiion)
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To: high info voter

DITTO!


12 posted on 10/09/2022 8:44:25 AM PDT by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: high info voter

CLOSED 10/9 9:45am BYE BYE PayPal, I was also an Amazon junkie haven’t clicked on Amazon in 2 years, closed FB too!! Pretty soon these WOKE companies are going to have to realize you can’t just piss off half the country and survive!!


13 posted on 10/09/2022 8:48:20 AM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: dennisw

PayFail


14 posted on 10/09/2022 8:49:56 AM PDT by inchworm (al )
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To: dennisw

Is welcome to Communist China


15 posted on 10/09/2022 8:54:38 AM PDT by Williams (Stop Tolerating The Intolerant)
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To: cranked

Even to consider this, PayPal sucks!


16 posted on 10/09/2022 8:57:04 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Trump Girl Kit Cat

you can’t just piss off half the country and survive!!

************

Well I’d rather be p off than on. jmo


17 posted on 10/09/2022 8:57:30 AM PDT by deport
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To: dennisw

By “misinformation”, they meant truth.


18 posted on 10/09/2022 9:01:45 AM PDT by ArcadeQuarters (Remember the 2020 backstabbers. No more RINOs ever!)
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To: dennisw

https://www.nasdaq.com/market-activity/stocks/pypl/institutional-holdings

Check out the top three.

Nuff said.


19 posted on 10/09/2022 9:04:43 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: dennisw

C’mon, man.

https://freerepublic.com/focus/f-bloggers/4099369/posts


20 posted on 10/09/2022 9:18:44 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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