Free Republic

Financial Twitter is again abuzz over rumors that PayPal, the world’s third-largest payments platform, has reinstated a controversial policy to fine its users for “misinformation.” The uproar, however—which has drawn in many popular crypto influencers—appears to be over old news. BREAKING: 🛑 PayPal has brought back the $2,500 fine for speech they don’t like. First they said it was a mistake. Now they sneak it back in with different language. 🛑 DO NOT ACCEPT THIS! 🛑 — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) October 27, 2022 At issue is a passage within PayPal’s “Restricted Activities” section of its user agreement, which states...

Two weeks ago Paypal introduced language into its terms and conditions that allowed them to withdraw $2500 from your account for each time they believed you “promot[ed] misinformation” or you sent, posted or published “messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable.” If they deemed you to promote messages they objected to 10 times, or to have spread misinformation (in their sole discretion) 10 times, they could take $25,000 from your account. If your PayPal balance was $0 they presumably could withdraw funds from your linked accounts. After an online backlash they...

This video is a bit longer for most people at 25 minutes. Neil takes a deep dive into the Paypal issue and how it is affecting users as they pull out of the Paypal system. He also looks at how their $2500 fine announcement and retraction has affected their stock and how it looks like Paypal may be experiencing a liquidity crisis. Neil continues to share how these political policies are affecting organizations on both the Right and the Left.

JPMorgan Chase & Co has canceled the account of the National Committee for Religious Freedom (NCRF). While giving no specific reason for its action, the bank said it would reconsider its decision if NCRF provides its donor list, and a list of political candidates it intends to support. NCRF's founder Sam Brownback said "we started the organization in January of this year to defend religious freedom by providing a critically needed political response to the ongoing attacks, in law and culture, on America's First Freedom. The recent action by Chase illustrates why an organization like ours is needed now more...

One of Hong Kong’s last remaining pro-democracy activist groups has had its account with online payments processor PayPal terminated. The League of Social Democrats says that PayPal, a multinational financial technology company headquartered in California and Nebraska, sent an email stating it can no longer provide its services to the activist group. The text of PayPal's email sent to the League of Social Democrats in September has been seen by VOA. It outlines the termination and says the decision is “final.”

PayPal is reportedly bribing $15 worth of vouchers to account holders to prevent them from canceling their accounts, that only tells you how bad the situation is.The Gateway Pundit reported 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.

Last week, PayPal released an "Acceptable Use Policy" that included a $2,500 fine for people who use their service involving "the sending, posting, or publication of any messages, content, or materials that…promote misinformation." We scoured the rest of PayPal's AUP and Terms Of Service, and you might be surprised at what else can incur a $2,500 fine, so we listed out the biggest surprises here for your convenience. Read up and watch out! Not having a Ukrainian flag in your bio: This is grounds for an immediate $2,500 fine which will be immediately sent to help fund the war effort....

The story was shocking: As PJM’s Rick Moran stated Saturday, “The financial services company PayPal announced a controversial policy to deduct up to $2,500 from the accounts of users who spread ‘misinformation.’” But as the news of this astonishing plan circulated far and wide, PayPal experienced a swift backlash in the form of a blizzard of account cancellations, and quickly backed down, claiming that the announcement went out “in error” and adding: “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.” That’s terrific, or would be if it weren’t for...

An interesting idea. I hope he pulls it off

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...

After Big Tech Giant PayPal told the whole world they would be fining people for ‘misinformation’ ($2500!!!), and then tried to backpedal claiming it was a mistake when the pushback was of a GLOBAL nature, seems their stock is kinda sorta taking a beating today. And by kinda sorta, we mean a serious beating. Couldn’t happen to a nicer, more deserving company. Oh yes, yes we can. At the time of this writing they’ve rebounded a bit (only down 5.64%) but pretty safe to say their actions are impacting their stock in a bad way. And c’mon, did they really...

Yahoo! Finance (Adam Sabes) reported yesterday (as did many other sites):A new PayPal user agreement that threatens to fine users up to $2,500 if they use the service to "promote misinformation," was sent out "in error," a PayPal spokesperson tells FOX Business.The updated PayPal Acceptable Use Policy effective Nov. 3 included an expansion of "prohibited activities," which includes the "ending, posting, or publication of messages, content, or materials that meet certain criteria."According to the updated PayPal user agreement, the company states that each violation could result in "liquidated damages of $2,500.00" per violation, which would be withdrawn directly from their...

What’s happening: PayPal is updating its acceptable use policy, with the update taking effect on November 3. You might say to yourself, well, I don’t use my account with the financial services company for anything improper or illegal, so what do I have to worry about? Here’s why that might not necessarily be true: PayPal says it’s expanding its existing list of prohibited activities to include the “sending, posting, or publication of messages, content, or materials that meet certain criteria.” The full details are explained right here, but PayPal is basically set to start levying a fine when users are...

Alittle less than a week before the midterm elections in November, a new PayPal account update will take effect that has sent the internet into an uproar — and also drawn condemnation from PayPal’s former president David Marcus. What’s happening: PayPal is updating its acceptable use policy, with the update taking effect on November 3. You might say to yourself, well, I don’t use my account with the financial services company for anything improper or illegal, so what do I have to worry about? Here’s why that might not necessarily be true: PayPal says it’s expanding its existing list of...

A red-faced PayPal walked back a shocking new policy announcement that users who advance “misinformation” could face fines of $2,500 per offense, saying it was all a mistake after The Daily Wire called attention to the chilling scheme. The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, announced Saturday, one day after The Daily Wire story broke, that the announcement went out in error.

@disclosetv · 28m JUST IN - PayPal spox on $2,500 fine: "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... We’re sorry for the confusion this has caused."

A new PayPal policy update appears to authorize the company to pull a significant sum of money from the accounts of users who spread “misinformation. ”Effective November 3, the new conditions will be added to the restricted activity section of the PayPal User agreement, the Daily Wire first reported. Changes include prohibitions on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation. ” While the prior policy already forbade “hate,” “intolerance,” and discrimination, the new one now also explicitly applies to specific “protected groups” and “individuals or groups based on protected characteristics.” Identities under this...

It's no big secret that Big Tech's tentacles have a vast reach, with platforms like Facebook and Twitter admitting in so many words after the fact to deliberately suppressing news content prior to the 2020 presidential election that portrayed then-Democratic nominee for president Joe Biden and his international wheelin' and dealin' son Hunter in a less than flattering light being one of the more notable examples.But as has already been made clear by online payment systems like PayPal and Venmo, even more silencing of alternative points of view is needed in the form of financial strangulation if necessary, which can...

307 jobs are under threat at online payment firm PayPal’s offices in Dublin and Dundalk in County Louth. The company is opening a consultation with impacted staff who have been notified about the situation. The roles that are being targeted for compulsory redundancy are across a range of functions. 135 of the positions are based in company’s Dublin office in Blanchardstown, while the remaining 172 roles are in the County Louth town. PayPal has stressed that the decision does not change its commitment to Ireland. “PayPal remains committed to Ireland and our Dublin and Dundalk sites will continue to be...

One of the Bay Area's tech giants is closing its San Francisco office, multiple media outlets reported this week. PayPal has a location at 425 Market St., between First and Fremont streets, and it will remain open for employees to use on a voluntary basis until early June. The San Francisco office houses staff who work for the company's Xoom service that allows customers to send money to family and friends around the world and pay international bills. The digital payment firm’s headquarters will continue to operate in San Jose. PayPal would not comment specifically on the closure, but said...