HomeTechnologyPayPal backtracks after citing $2,500 seizure for 'misinformation'

PayPal backtracks after citing $2,500 seizure for ‘misinformation’

The online payment company mentions an error in the update of its terms of use in the United States.

It is an avalanche of criticism that was poured on PayPal, especially in the United States, during this weekend. As several US media have pointed out, the online payment giant has updated its usage policy for US users. With a measure, announced for November 3, that did not fail to make Internet users react: the company reserved the right to seize 2,500 dollars (2,500 euros) if a user spread “erroneous information”. A rule added by mistake and that will never be applied, now assures the company.

PayPal’s ability to collect a $2,500 fine from user accounts is nothing new. The company reserves the right to do so if the user engages in illegal activities, including promoting the sale of drugs or violence. But the updating of its rules by integrating the possibility of sanctioning any Internet user who “spreads messages” that “promote disinformation” has been strongly criticized by former company directors.

“It’s hard for me to openly criticize a company I’ve loved and given so much to. But PayPal’s usage policy goes against everything I believe in. A private company will decide to take your money if you say something that he doesn’t say.” What. Craziness. He harshly criticized David Marcus, the former president of PayPal. An approved comment by Elon Muskone of the co-founders of the company.

“PayPal will not apply any economic penalty to a user for the dissemination of disinformation,” the company later assured, with the US media Axios.

PayPal also specified that the correction of all the pages in question was in progress, apologizing for the confusion thus generated.

Author: Raphael Grably
Source: BFM TV

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