UPDATE: There has been outrage on Twitter with PayPal’s new user terms. FACTZ will confirm when the $2500 is lifted; as of right now, the terms are in place, and customers have been deleting their Venmo and PayPal accounts in outrage.
Part of the appeal of the internet is that you can say whatever you want, and the only penalty is usually an argument with your family over Thanksgiving dinner.
But now, Big Brother is getting involved – and you could soon find yourself losing $2,500 if you post something PayPal deems “misinformation.” – Porn, Prostitution, OnlyFans, Gambling, etc.
PayPal has enacted a new policy aimed at sanctioning users who promote misinformation or who present risks to user “well-being” by fining them up to $2,500 per offense.
PayPal has long de-platformed organizations and people whose political views don’t align with what the company considers to be positive. On November 3, their list of “prohibited activities” will expand. PayPal will have “sole discretion” over what content violates their new policy and may subject violating users to fines for “damages,” which can include up to $2,500 debited directly from the PayPal account.
New prohibitions will go into effect limiting “the sending, posting or publication of any messages, content, or materials that “promote misinformation” or which “present a risk to user safety or wellbeing.”
The policy outlines that users also may not promote “hate, violence, racial or other forms of intolerance that are discriminatory.”
This policy will apply to actions taken using PayPal’s platform.