Posted on 10/10/2022 11:35:01 AM PDT by Red Badger
October 10, 2022: Shares in PayPal are off more than 6% in early Monday trading after a massive internet campaign to cancel accounts went viral in response to the company's now-reversed policy that would fine users $2,500 if they were to allegedly promote "misinformation" or "hate."
The company backpedaled on the line in their user agreement, which stated that for each violation, PayPal says users are subject to repercussions. Those include “liquated damages” of $2,500 per violation - with the money being taken directly from a person’s PayPal account.
Users were directed to PayPal’s user agreement, which states in part that PayPal can take a number of actions if users participate in restricted activities, such as holding their money in balance indefinitely. It also says that “you will be liable to PayPal for the amount of PayPal’s damages caused by your violation of the Acceptable Use Policy” at the amount of $2,500 per violation.
After outrage ensued, PayPal then insulted everyone's intelligence - claiming the $2,500 penalty - which would have definitely gone through legal review - went out "in error" and "included incorrect 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,” a PayPal spokesperson told The Epoch Times in an email.
“Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused,” the spokesperson added.
In response, a flood of people canceled their PayPal accounts.
The Ministry of Truth......................
“War is peace.
Freedom is slavery.
Ignorance is strength.”
― George Orwell, 1984
Pretty sure Venmo is owned by Paypal.
The gubmint
venmo is owned by palpal I believe
“But if thought corrupts language, language can also corrupt thought.”
― George Orwell, 1984
Yep. And we will never know because their severance will include an NDA that both sides sign. I’ve seen it a few times when there needs to be a fall guy.
https://www.paypal.com/us/legalhub/acceptableuse-full?locale.x=en_US
October 10, 2022
“subject you to damages, including liquidated damages of $2,500.00 U.S. dollars per violation”
“You may not use the PayPal service for activities that:
2.
relate to transactions involving ....
(f) the promotion of hate, violence, racial or other forms of intolerance that is discriminatory ....”
(j) ammunition, firearms, or certain firearm parts or accessories, or
(k) certain weapons or knives regulated under applicable law.”
How is this at all legal?
I was surprised to see the market open today, it is a bank holiday!! VERY HAPPY to see PayPal taking a nose dive canceled my account yesterday!!!
evil or stupid?
doesnt matter
sell sell sell
Wow. Paypal management must cry at night over the Constitution. They really seem to dislike the first and second amendments.
You play their game, you play by their rules.................
Can someone explain to me how paypal was going to do this? If I have a paypal account but put a post on Free Republic or DU that they don’t like they could freeze my account?
In many cases, that is the door through which this Woke crap has entered the corporate world.
It's certainly not coming from someone who understands how the markets work and has responsibility for generating an operating profit.
Well that’s a bummer!
I think what most freepers miserably fail to recognize is that kind of far-left socialist/communist "wokeness" isn't just going on at PayPal specifically, it's going on at almost every company in the country, at practically every school, college, and university, in virtually every professional and college sports league, it's heavily embedded in government, throughout the business world, across city/state governments, just about everywhere.
The loud-mouthed far-left Democrats/RINOs are clearly winning. Meanwhile, meek Republicans remain quiet as mice. Sure, there is a tiny handful of Republicans speaking out against all that far-left destructive garbage but not enough. Oh, almost forgot, the Democrats/RINOs basically own the MSM too. How the heck the Republican Party let the Democrats/RINOs get away with their 2020 Election Steal, without so much as even one investigation, is beyond me. Meanwhile, the Democrats/RINOs are the ones heavily and intensely investigating President Trump and Republicans. Um, ok. Makes total sense ................... NOT.
Yes.......................
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