Posted BY: Jim Hoft
Several users have reported that PayPal won’t let them close their accounts and instead directed them to contact customer support., that only tells you how bad the situation is.
The Gateway Pundit reported on Saturday that PayPal will begin fining users $2,500 directly from their accounts if they are found to be spreading “misinformation” in its newly updated policy.
On September 26th, the financial service announced some changes to certain agreements.
Starting November 3, 2022, PayPal is expanding the existing list of prohibited activities to include the sending, posting, or publication of messages, content, or materials under its 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,” said PayPal.
Users will be subject to a financial penalty if they violate the revised policy in any way, including by spreading false information, engaging in discrimination against the LGBTQ community, posing a risk to user safety and well being, and so on.
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.” Elon Musk agreed with his comment.