Posted on 10/08/2022 2:20:27 PM PDT by janetjanet998
@disclosetv · 28m JUST IN - PayPal spox on $2,500 fine: "An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy... We’re sorry for the confusion this has caused."
Yes it was but when they saw how many cancelled their palpay accounts, the leftist company leaders back peddled.
PayPal is not the government. Why should they have the right to fine anyone for anything?
When this first came out, a few days ago, not trusting the news report, I checked the published new user ‘agreement’ on the website, and sure enough the anti-firsat amendment stuff was there, not just an ‘email that accidentally got sent out’.
Tried to close my account online, but the system wouldn’t allow it. At least I managed to de-link my credit card and bank account. PayPal (And eBay both) have been going downhill for a few years now, so I’m not going to miss them much.
My new name for PayPal is “PayPalpatine”.
i think the language is a template being discussed for implementation once federal regulations require financial firms to do stuff like this.
and it is likely a lot more than paypal putting stuff like this together.
this kind of language didn’t get in there due to a cat on the keyboard. a legal team was tasked with writing this up, and someone saved it in the wrong place.
FYI, Paypal owns Zelle.
Will close in a week or so.
Sold my stock at $91.
Deleted mine earlier this evening. No issues or errors. I did like that I got individual emails from everyone I’ve used it with to confirm. I.e., Stitch Fix
Dump PayPal reminder.
Had they gone ahead with this idiocy and actually tried to fine someone, they would have immediately been sued and forced to do two things: 1) Define what “disinformation” is, and 2) Prove that whatever the plaintiff said wasn’t true. Good luck with that.
These social media companies are exactly like casinos. Casinos entice customers to enter by leading them to believe they can win, but then if the customers are skilled enough to win too much (via card counting, in particular), they bar them from playing. Similarly, social media companies lure their customers through the promise of a platform to freely exchange ideas and debate, but then silence, ban, and now apparently fine them if they actually try to do any of those things.
They were trying out a social credit score. They and other companies and the democrat party will keep trying.
Donald Trump Jr.
@DonaldJTrumpJr
“Language was never intended to be inserted in our policy” - as if it happened by accident and wasn’t reviewed by teams of lawyers before it was added.
-——————————.
PayPal spox on $2,500 fine: “An AUP notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy... We’re sorry for the confusion this has caused.”
curious
Zelle is owned by a consortium of large banks. It is a competitor of Paypal.
Yep, I just deleted my data and closed my account. I gave them a scolding reason why, too. Go woke, go broke. F’em.
Such absolute . No AUP goes out without C-suite, legal, and qa review and sign-off. None.
Gotta like that the explanation above admits the updated AUP language was a corporate directive that made it all the way into a recent sprint, but recants the release. LOFL.
So, a tacit admission that they employ incompetent web staff? /s
I might have believed 'disgruntled employee'...(not)
Someone pointed out that Policy updates (the “AUP”) are ALWAYS reviewed by lawyers.
There is absolutely ZERO chance this went out “unintentionally” as it HAD to be reviewed by Paypal Legal before they sent it.
Paypal is now only saying it was a “mistake” because of the backlash.
Cancel your Paypal account, pronto.
How long will PayPall allow FR to use them as a fundraising source?
Pull down your credit card access.
Paypal has not yet issued a general message of change in contract so any apology or change in policy does not exist. The contract as issued remains in force.
It is shattering to think they can issue such terms and others that may result in “legal” forfeiture of your money or possessions.
Defund Paypal. There has to be an alternative to credit card roulette though.
Name the person or persons that added, reviewed, approved the language and the date they were fired. It might help if you refer them for prosecution since I do believe this will have an effect on equity price, future earnings ….
So rather than saying oops please add more and direct data. Otherwise I will assume the management team was complacent in this AUP and they need to be fired ASAP.
Either way, shareholders now have a legal right to seek out restitution since neither is being done.
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