PayPal Pulls Back, Says It Won’t Fine Customers $2,500 for ‘Misinformation’ after Backlash

Yeah it was definitely backlash or you just have extremely incompetent employees. I write up changed or new warranty policies for an auto manufacturer. The draft always goes through general counsel, whether it's just for the U.S. or a world wide change. They advise me if any verbiage has to change based on the law. If the employee at PayPal submitted the original draft for publication, they should be fired. I'm going with it was caused by the backlash. They tried to sneak it through.

The Future of CBDC.

Paypal just jumped the gun.

CBDC

Central Bank Digital Currency.

it's always weird how these words get put into the TOS by mistake nobody knows how it happened. I've often made a type that was in the form of a 3 page addendum outlining my fascist ambitions.

originally posted by: jarsue97
a reply to: infolurker

"Fine users." More like commit Grand Theft Larceny.

Exactly!

They're not an elected govt entity. They have no grounds to fine anyone.

What that policy describes is theft, plain and simple.

Account closed this morning.
Couldn't close it due to £0.38 credit, when I tried to close through the app it would go to the wallet to withdraw the credit first.Minimum withdrawal £1.00.
Went to their Web chat for a solution,told I had to wait for an agent contacting me.This gave me a chance to write a nice long diatribe about their authoritarian tendencies.Never did get a reply about who decides what misinformation is.
Go woke,go broke was a phrase I used.
12 hours later got a message to open the app.
The agent asked if I was willing to give the 38 pence to charity to close my account, to which I agreed as long as the charity wasn't anything to do with Ukraine.
She then told me my account would be closed within 24 hours.I received an email an hour later saying it was now closed.
Bye bye PayPal, hope we never meet again.

a reply to: infolurker

Too late, I just cancelled my account as well, fine people $2500 is not a low level entry clerk choice, that is management.

These people have no clue, stuff like this will spread like wildfire, somebody just cost them a ton of business, whoever signed off on this should be fired. I wonder how many thousands of people have closed there accounts as a result of this.

originally posted by: musicismagic
No, but I'm sure now their fees will go up. What is PayPal anyway? Why do people use it?

It's a third party financial resource that protects your primary funds by acting as a waystation for your online transactions. Eliminates the need to give out sensitive bank details to strangers on the internet.

a reply to: TzarChasm
Is there a charge (fee) for using PayPal?

a reply to: Itisnowagain

It depends on the transaction.

a reply to: TzarChasm

Exactly.

Paypal is not a newspaper or community forum. It operates like a bank or credit cards company. NO financial institution should be permitted to deny services or access to citizens or entities engaged in legal transactions period.

By law, they should not have been able to ban people.

PayPal Could Be Legally Prevented From Banning People For Their Political Views

New law would end discrimination.

summit.news...

PayPal could be prevented by law from banning people over their political views, after the company faced a backlash following its decision to terminate the accounts of several high profile groups.

Although PayPal has been banning conservatives and right-wingers for years, its recent move to terminate accounts operated by the Free Speech Union and other groups in the UK that opposed lockdowns and vaccine mandates has apparently been a step too far.

Following the controversy, dozens of Conservative Party MPs, including Michael Gove, David Davis and Sir Iain Duncan Smith, signed an open letter to Jacob Rees-Mogg’s Business Department demanding that PayPal be legally barred from imposing discriminatory practices.

The letter asserts that it is “hard to avoid construing PayPal’s actions as an orchestrated, politically motivated move to silence critical or dissenting views on these topics within the U.K.”

This morning, the London Times also published a powerful piece by Jawad Iqbal which highlighted the dangers of allowing PayPal to abuse such powers.

“This is censorship by corporate diktat: the company sets its own rules and interprets them as it sees fit. It appears oblivious to the notion that it is wrong in principle to withdraw vital services from people because of their political views. Would it be acceptable for a supermarket to refuse to serve a customer because of their politics or for a high street bank to refuse to make a payment to a company it deemed politically objectionable?” asked Iqbal.

originally posted by: myselfaswell
a reply to: infolurker

Says It Won’t Fine Customers $2,500 for ‘Misinformation’

Stealing $2500 from people is a pretty good way to get yourself dead.

Really!!! They steal your livelihood, (lockdowns), steal your life and your children"s (manufactured covid and clotshots), steal your life savings (manufactured inflation), steal your freedoms (patriot act), steal our country's honor (iraq surrender and 13 dead marines), they steal your justice system ( FBI, DOJ, Jan 6,) and you think $2500 dollars is worth fighting for???. This is what is wrong with our country too many people lack priorities and a backbone, but the worm is turning!

It is cute that PayPal thinks it can fine anyone. I do not believe anyone elected PayPal into government?

how does paypal even make money? I have used paypal for over 15 years and never had to spend a dime with them. I just used them to transfer money which is free.

that being said, i will never use them again. Anyone with a brain can see it was 100% intentional but they just got caught.

originally posted by: infolurker
a reply to: NoCorruptionAllowed

PayPal has also recently permanently suspended the group Gays Against Groomers, an organization that opposes the sexualization and indoctrination of children.

Lmao that's a good look. Suspend groups opposed to sexualization of children!

AKA censorship via financial penalty. We already saw it practised by Trudeau on the Truckers!
IT IS HAPPENING & IF WE DROP OUR GUARD AND STOP READING THE SMALL PRINT IT WILL BECOME THE NORM!

a reply to: infolurker
Cat's out of the bag, this was not a 'mistake', Someone wrote it up, others okay'd it.
I have had my account since 2004, used it alot, most online purchases and subscriptions, I've just closed it, I cannot support this, I hope many others will also stop doing business with Paypal, Financial institutions should have no right to steal money or stop doing business for political reasons

The fight isn't over yet according to Joshua Phillips.. their current user agreement has the same clause regarding fines of $2500 being imposed, but the word "misinformation" is gone. Watch his show, he goes into detail about what it means to the average PayPal user.

originally posted by: musicismagic
No, but I'm sure now their fees will go up. What is PayPal anyway? Why do people use it?

It's a popular wallet application that allows you to send money to anyone or friends instantly. (if they have an account). It also allows you to pay 4 installments that takes money out of your account every week (they will cover the cost). They also have a credit card system. Like you can fund your PayPal account with money, and buy things online. One of my buddies that is master techs fixes cars on the side uses it as a form of payment system. It comes directly from a persons account. But you can also fund the wallet.

People that sell things online also use it for like eBay, etc. The company was sold off to a liberal, but it was never this way before. (was never political or had fees beyond missing payments) It's also useful for example, if you go out with friends to eat, and you don't have any cash on you, but choose to split the payment, you can have one of your friends pay fully, and then reimburse his account directly by splitting payments between friends within seconds.

You can also transfer the money into your PayPal account and then move it over to your debit card. It also allows you to put the card into your virtual cards in your cell phones and pin wirelessly by just putting your phone up to the register if they support it. They also allow you to use it in physical stores, not just online. Some people when credit card companies tell them they can't buy an item from a certain vendor because they were blacklisted will use a virtual payment system like PayPal to take some money directly from your cards, but doesn't tell them were its being used. instead Visa etc will just show Paypal transfer, while paypal handles the transaction.

Basically sends money instantly to anyone with an account rather than wait one to three days for transferring from your bank over and you can choose to pay the 1% fee to do an instant transfer of money or wait 1 full day.

originally posted by: jidnum
how does paypal even make money? I have used paypal for over 15 years and never had to spend a dime with them. I just used them to transfer money which is free.

that being said, i will never use them again. Anyone with a brain can see it was 100% intentional but they just got caught.

They make money through the credit card system or if you miss a payment, but generally some banks don't do instant transfer and paypal charges 1% fee for instant of whatever you're sending. You could transfer the long way to one to three days free, but most people just do instant transfer. Thats how they make money late payments from their credit card system, 1% instant transfer or late payments from 'PayPal credit" (not the same as the physical card)

a reply to: infolurker

This has always been their end game objective. Make all currency digital and have private companies run the storage, payment and processing. Coordinate with those companies to ban, restrict or penalize anyone that goes against the narrative. There is also the upside of no real object backing the currency so the currency manipulation can be far more impactful.

You can see it on a much smaller scale with social media.

If we reach this point without major alternatives available or protections imposed against this type of behavior... game over man!