A new PayPal policy allows the corporation to deduct $2,500 from your account for spreading false information.
A new PayPal account upgrade that has caused outrage online and prompted criticism from PayPal's former president David Marcus will go into effect
less than a week before the November midterm elections.On November 3, PayPal will implement changes to its acceptable use policy.
It's possible for you to think to yourself, "Well, I don't use my account with the financial services firm for anything wrong or illegal, so what do I have to worry about?"
Why that might not be the case is as follows:PayPal claims it is adding the "sending, uploading, or publication of messages,
content, or materials that fulfill certain criteria" to its current list of prohibited actions.
In essence, PayPal will begin charging fees when users are discovered to have supported "hateful" or "discriminatory" content or disseminated "misinformation."
Additionally, you authorize PayPal to deduct $2,500 from your PayPal balance for every infraction of this updated, broader acceptable use policy.
David Marcus tweeted, "PayPal reserves the right to take your money if you submit a statement that PayPal determines to be "misinformation."