Paypal’s new user policy now permits users to pay a fine of $2,500 for spreading misinformation. This has however awakened different reactions on social media.
The new user policy, states that anyone who posts false content or promotes it will be liable for a penalty. This kicks off on Nov 3.
It also reveals that anyone who posts or publishes hate speech or misinformation will be fined $2,500 per violation. The amount might have to be deducted directly from your Paypal account.
The prohibited session includes ” the sending, posting, or publication of any messages” that promote misinformation.
Social Media Reaction To PayPal’s Policy
As expected, social media did not take the news too kindly. They criticized the implementation of PayPal’s new user agreement policy.
“Hey Paypal, you have 30 days to explicitly renounce this abomination of a policy or I am permanently closing my account as will millions of others I am sure. Your subjective views on ‘misinformation’ or ‘discrimination’ don’t entitle you to your clients’ money,” Canadian Lawyer David Aner tweeted.
Another wrote”
“Paypal’s new policy lets it pull $2, 500 from user accounts for promoting ‘misinformation’. The Biden administration made it easier for government to spy on Americans. The FBI is acting like the KGB”.
How To Fish Out Misinformation
This is not however clear. It might be possible that they will partner with Twitter to restrict the accounts of defaulters. Or it might have an automated authorization to access the monetary funds of its policy defaulters.
Paypal’s Reaction
Paypal has however come out to debunk the news. According to the tech platform, the user policy shared abroad was a mistake. A system error.
Speaking on this, a Paypal spokesman said,
“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. Our teams are working to correct our policy pages. We are sorry for the confusion this has caused”.
We hope this is true, as this might cause a huge loss if proven otherwise.
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