Paypal has reimplemented a $2,500 “misinformation” fine on users after apologizing for the terms of service update earlier this month.
“You must not … Provide false, inaccurate or misleading information,” states one of its terms and conditions.
“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).”
PayPal is a financial platform that allows anyone to make a living or maintain a business by receiving financial transfers without requiring personal bank information for every transaction.
Paypal implemented the fine three weeks ago, resulting in a mass revolt against the company. Users openly said they deleted the Paypal app from their phones and encouraged others to follow.
“Just moved all money I had in my PayPal account out of it. And I very must suggest you do the same. This is serious,” tweeted Daily Wire host Candace Owens.
Even David Marcus, the former head of PayPal, said the policy is “insane.”
Subsequently, the company backtracked and apologized, claiming the policy was published “in error.”
“PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused,” a statement from Paypal read.
But now, for some reason and without explanation, the fine has reappeared on its terms and services.
Last month, the company went on a rampage closing out anti-woke accounts.
“PayPal has closed the accounts of the Daily Sceptic and the Free Speech Union, a new low in Big Tech’s war on free speech. Not only can you not express certain views, you can’t defend people’s right to express them,” the Daily Sceptic wrote.