Well Now....New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’

[harddriver]

https://www.dailywire.com/news/new-payp ... nformation

A new policy update from PayPal will permit the firm to sanction users who advance purported “misinformation” or present risks to user “wellbeing” with fines of up to $2,500 per offense.

The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, will expand its “existing list of prohibited activities” on November 3. Among the changes are prohibitions on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation” or “present a risk to user safety or wellbeing.” Users are also barred from “the promotion of hate, violence, racial or other forms of intolerance that is discriminatory.”

The company’s current acceptable use policy does not mention such activities. The Daily Wire reached out to PayPal for definitions of the added terms, although no response was received in time for publication.

The policy applies to actions taken using PayPal’s platform.

Deliberations will be made at the “sole discretion” of PayPal and may subject the user to “damages” — including the removal of $2,500 “debited directly from your PayPal account” per offense. The company’s user agreement contains a provision in which account holders acknowledge that the figure is “presently a reasonable minimum estimate of PayPal’s actual damages” due to the administrative cost of tracking violations and damage to the company’s reputation.

“Under existing law, PayPal has the ability as a private company to implement this type of viewpoint-discriminatory policy,” Aaron Terr, a senior program officer at the Foundation for Individual Rights and Expression, explained to The Daily Wire. “Whatever motivation PayPal has for establishing these vague new categories of prohibited expression, they will almost certainly have a severe chilling effect on users’ speech. As is often the case with ill-defined and viewpoint-discriminatory speech codes, those with unpopular or minority viewpoints will likely bear the brunt of these restrictions.”

[Watson503]

Well, that didn't take long for them to turn-around and change course REAL quick:

PayPal Reverses Course, Says Company Will Not Seize Money From People for Promoting ‘Misinformation

PayPal on Oct. 8 said it was not implementing a new policy that would have enabled the company to seize money from users who allegedly promote “misinformation” or “hate.”

“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.

https://www.theepochtimes.com/paypal-re ... 83827.html

[harddriver]