A Paypal plan fpr fining users $2,500 for spreading “inaccurate or misleading information” has been reinstated as detailed in the Restricted Activities under the User Agreement.
On September 26th, the financial service company revealed some changes to certain agreements.
Starting November 3, 2022, it is broadening the existing list of forbidden activities to consist of the sending, posting, or magazine 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 subjected to a fine if they violate the changed plan by any means, that includes by spreading misinformation, participating in discrimination against the LGBTQ community, posturing a threat to user safety, and more.
Paypal stated, ” You may not use the PayPal service for activities that involve the sending, posting, or publication of any messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable, (b) depict or appear to depict nudity, sexual or other intimate activities, (c) depict or promote illegal drug use, (d) depict or promote violence, criminal activity, cruelty, or self-harm (e) depict, promote, or incite hatred or discrimination of protected groups or of individuals or groups based on protected characteristics (e.g. race, religion, gender or gender identity, sexual orientation, etc.) (f) present a risk to user safety or wellbeing, (g) are fraudulent, promote misinformation, or are unlawful, (h) infringe the privacy, intellectual property rights, or other proprietary rights of any party, or (i) are otherwise unfit for publication.” (You can download the announcement here.)
After a massive negative reaction, PayPal reversed the decision and claimed they would not be fining people $2,500 for spreading ‘misinformation.’.
A spokesman said the plan went out at fault and also the business would certainly not be fining people for false information.
“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. Our team is working to correct our policy pages. We’re sorry for the confusion this has caused,” PayPal said in an email.
News is spreading that the company has actually reinstated its policy to fine individuals $2,500 directly from their account if they “supply incorrect, incorrect or deceptive information” according to its updated Customer Agreement.
“You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal’s services, regardless of the purpose of the use. In addition, you must adhere to the terms of this 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 (see “Restricted Activities and Holds” section of the PayPal User Agreement).
Its Restricted Activities and Holds states, “In connection with your use of our websites, your PayPal account, the PayPal services, or in the course of your interactions with PayPal, other PayPal customers, or third parties, you must not provide false, inaccurate or misleading information.”
