PayPal has abruptly changed its mind stating it will not fine users up to $2,500 if they post information the California-financial services corporation does not agree with.
The Daily Wire was the first to report that PayPal had introduced a policy stating it would fine users up to $2,500 if they posted information that PayPal considered false.
The Daily Wire provides more details:
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.
“An [Accepted Use Policy] notice recently went out in error that included incorrect information,” a PayPal spokesperson said. “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.”[…]
The report sparked outrage online, with many people tweeting pledges to dump the online payment facilitator. Particularly chilling was the fact that the policy said determinations of what could be deemed “misinformation,” or a threat to the “wellbeing” of other users was to be at the “sole discretion” of PayPal. The now-aborted policy said users could be liable for “damages” — including the removal of $2,500 “debited directly from your PayPal account” per offense.
Though PayPal insists it was all one big mistake and misunderstanding, how did this policy end up in writing?
Many believe it is a warning to anyone with conservative views to dump the financial services provider.
Already some are responding: