Remember a few weeks ago when PayPal quietly gave themselves the ability to automatically debit a fine of $2,500 from the accounts of users they believe spread “misinformation”?
And then everyone found out and got mad, and they walked it back?
Well, they just walked that walk-back back. PayPal has again quietly given themselves the ability to remove $2,500 from accounts without permission now that everyone has stopped caring.
In a new Terms of Service that will go into effect on November 3, 2022, PayPal will expand the existing list of prohibited activities to include the sending, posting, or publication of messages, content, or materials under the Acceptable Use Policy.
It reads, “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.”
It sounds like either someone at the top of PayPal doesn’t know what they’re doing – or the company has no problem lying to people.