PayPal Has Reinstated its Policy to Fine Users $2,500 Directly from their Accounts if they Spread “Misinformation”

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Paypal’s policy of charging $2,500 for spreading “inaccurate or misleading information” has been reinstated as outlined in the Restricted Activities under the User Agreement.

On September 26th, the financial service announced some changes to certain agreements.

Starting November 3, 2022, PayPal is expanding the existing list of prohibited activities to include the sending, posting, or publication of messages, content, or materials under its Acceptable Use Policy.

“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,” said PayPal.

News is spreading that PayPal has reinstated their policy to fine users $2,500 directly from their account if they “provide false, inaccurate or misleading information” according to its updated PayPal User Agreement.

“You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal’s services, regardless of the purpose of the use. In addition, you must adhere to the terms of this Acceptable Use Policy. 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 (see “Restricted Activities and Holds” section of the PayPal User Agreement).

Its Restricted Activities and Holds states, “In connection with your use of our websites, your PayPal account, the PayPal services, or in the course of your interactions with PayPal, other PayPal customers, or third parties, you must not provide false, inaccurate or misleading information.”