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

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less than a week before the November midterm elections.On November 3, PayPal will implement changes to its acceptable use policy.

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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?"

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Why that might not be the case is as follows:PayPal claims it is adding the "sending, uploading, or publication of messages,

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content, or materials that fulfill certain criteria" to its current list of prohibited actions.

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In essence, PayPal will begin charging fees when users are discovered to have supported "hateful" or "discriminatory" content or disseminated "misinformation."

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Additionally, you authorize PayPal to deduct $2,500 from your PayPal balance for every infraction of this updated, broader acceptable use policy.

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David Marcus tweeted, "PayPal reserves the right to take your money if you submit a statement that PayPal determines to be "misinformation."

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