Thieves
Posted on 10/27/2022 5:51:48 AM PDT by shadowlands1960
Two weeks ago Paypal introduced language into its terms and conditions that allowed them to withdraw $2500 from your account for each time they believed you “promot[ed] misinformation” or you sent, posted or published “messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable.”
If they deemed you to promote messages they objected to 10 times, or to have spread misinformation (in their sole discretion) 10 times, they could take $25,000 from your account. If your PayPal balance was $0 they presumably could withdraw funds from your linked accounts.
After an online backlash they pulled the language from their update. They called it a mistake, but it was a very specific mistake not an errant comma or language that was placed into the wrong section of the terms.
Then they waited two weeks for the attention to die down. And now they’ve put the policy back into the terms. The Paypal t&c’s now specify a $2500 fine per instance of violating their acceptable use policy, including transactions which in their sole opinion promote intolerance. Intolerance isn’t defined, and could be considered anything Paypal says it is.
(Excerpt) Read more at viewfromthewing.com ...
I’d cancel my PayPal account, but I already did after their last attempted theft.
Yes. So did I and I had that account since 1999. I’m surprised enough stayed on for them to think they could get away with this...
Obviously it wasn't.
That is how to go out of business.
Good question. Does this policy of thievery extend to all social media outside of PayPal?
Crap, just bought some performance car stuff with PayPal credit. Wonder if they’ll add $2500 to my balance!
If it becomes practice at Paypal, you’ll see other payment processors start to do it.
I cancelled PayPal a few years ago after they were found to be very lax in their account security. I won’t be going back. Ever.
Where is Paypal’s authority to issue and enforce fines? I don’t understand how this could stand up to legal scrutiny, other than corrupt judges.
Do people actually go to PayPal to post articles and other content like we do here on Free Republic?
Their executive team needs to order the business manual “ STFU and Sell Stuff”
No. But content providers can use PayPal for their side businesses... think Tucker Carlson selling mugs with C.P.L. on them... or Caturd on Twitter selling beanie hats... not saying they use PayPal but that sort of thing is what is problematic.
I’ll make two predictions over PayPal.
First, their customer base shrinks by 50-percent by the end of 2023. Alternate sources will exist to take their place. The management who dreamed up this ‘path’? They will bail by spring of 2023...realizing they were gutting the company and it’s design.
Second, I think the end-result of PayPal is that some Mexican banking group (with cartel money) probably ends up buying them before the 2024 election, at a discounted value (say half their value of today).
PayPal will be like Enron in the end.
As expected. I didn’t think they were sincere in their “repentance.” The government allows them to seize money for unapproved thoughts.
I realize how horrible this is. Most of the public doesn’t even know. The media didn’t tell them about the issue 2 weeks ago, and isn’t going to tell them about the latest development.
So the media and the government are OK with this theft and the open proof that our government is a fascist dictatorship.
Just what I needed to cancel my PayPal account. They took a bunch of money someone paid me and I had no idea why until I saw their terms.
...but they’re a PRIVATE company, so they can screw Americans out of their freedoms (even if requested by government).
So what’s the problem here?
(libertarian viewpoint)
As they say, get woke, go broke. If you have a Paypal account, CLOSE IT NOW!!!!! There are other alternatives to Paypal.
Yeah. I canceled mine 15 years ago.
I’m coming from a bit of a point of ignorance here but I’m just going to throw it a guess. The mistake in the first announcement was that they would find you just for making comments on any site, blog, or forum, they didn’t like whereas now it has to be connected to your actual use of paypal.
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