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

I use Venmo but at times use Paypal-—cancelled this AM.

How do you cancel the accounts? Simply by removing the card on their website? What’s to stop those pimps from ignoring that? They’ve still got all your info.

A Tad If You Can Helps

Check search first:

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

10/9/2022, 2:09:02 PM · 27 of 37
daniel1212 to dennisw

PayPal Reverses Plan To Fine Users $2,500 For ‘Misinformation’ After Daily Wire Report

10/9/2022, 2:09:56 PM · 36 of 51

However, PayPal not fining people for misinformation is only one item, and does not cover "activities that.... are harmful ... or objectionable … (e) depict, promote, or incite hatred or discrimination of protected groups or of individuals or groups based on protected characteristics." And as the MSM article states:

And of this time Sunday 2pm, October 9, that language above is nevertheless still included in PayPal’s Acceptable Use Policy and its user agreement (here) states.

Which states,

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

And the Acceptable Use Policy states,

Prohibited Activities You may not use the PayPal service for activities that:...relate to transactions involving... (f) the promotion of hate, violence, racial or other forms of intolerance that is discriminatory

Now "the promotion of hate, violence, racial or other forms of intolerance that is discriminatory" can translate into what was ambiguously described as activities that:....." “Involve the sending, posting, or publication of any messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful ... or objectionable … (e) depict, promote, or incite hatred or discrimination of protected groups or of individuals or groups based on protected characteristics (e.g. ... religion, gender or gender identity, sexual orientation, etc.) … or

Get with the program, dude:

This is old news and no longer valid.

“Search” would have revealed that fact.

No offense but the search engine sucks here....

My apologies-—they must have updated the “search engine” from the last time I used it-—it is much better. You’re right...sorry.

Bzzzz - Vastrwcon - you have been fined 2500 demerits for violating the verbal morality statute.

I wonder if they use your email and any other means to “search” complaints or comments. Believe me, if they’re in with our government, they can find anything. It’s extortion...

Venmo is owned by PayPal. Boycott them as well.

Does PayPal actually have a comment forum? We use Zelle and Venmo and there is no comment section.

We are in a race between steady destruction of trust in our currency and financial institutions, and implementation of extreme political control over money.

Both are rapidly occurring. Which will happen first???

I believe this was debunked yesterday.

It wasn’t “debunked”, they’re back-peddling

https://cointelegraph.com/news/paypal-says-policy-to-punish-users-for-misinformation-was-in-error

“Side question: What if one doesn’t have $2,500 on one’s account? What if one has only $3.98 on one’s account? Would one then owe PayPal the rest?!”

the key to using paypal, if one must use it, is to NEVER keep a balance ... NEVER ... ALWAYS immediately transfer any balance to your checking account ... and always use the free transfer, not the fee-accelerated transfer ... this has always been true ...

if you have a balance and pay for something with paypal, they AUTOMATICALLY and without recourse will pay with the balance ... and if someone rips you off, you HAVE to use paypal’s remediation “service” ...

that happened to me ONCE and their bogus remediation “service” resulted in a big delay and charged me a big fee, and i never got all of my money back ... never again ... funding a paypal transaction with a credit card gives you 100% of the credit card’s protection ...

when paypal was initially setup, they tried to make remediating directly with your credit card a violation of their user “agreement” ... i would do it anyway without repercussion, and shortly thereafter anyway, the credit card companies told paypay that paypal was in violation of THEIR agreement and told paypay they would revoke paypal’s use of credit card services if they didn’t renounce their paypal-only remediation requirement ... paypal had no choice but to cave ...

This is the result of a company that has grown so large its Board believes they cannot fail. Watch....

“Pay Pal announced that they will not be taking money for misinformation. This was after word got out about the policy they published.”

they may have “announced” that, but they didn’t change their user “agreement” that said they could do that if they wanted to ...

Is anyone familiar with “BitPay”?

https://bitpay.com/card/

Load with crypto. Spend with dollars. Get cash back.
Download the BitPay app to start earning cash back on purchases.

” know they “rescinded” this ridiculous decision “

I thought they had too but it’s still there.
https://www.paypal.com/us/legalhub/acceptableuse-full?locale.x=en_US

I do not trust them. This was no “accidental entry”. Updating the UAP requires review by executives, and a thorough vetting of the language by internal legal counsel and then the IT department has to update the text in the systems. Too many moving parts and too many people involved over too long a period of time for this to be an “error”. If there were an error it would be that they let the cat out of the bag too soon.