PayPal Revoke Policy To Penalize Customers $2500 For “Misinformation” After Receiving Criticism
PayPal has announced none of its policies will penalize users $2500 for misinformation, the message customers received recently was solely due to an “error”. The previous error policy received a lot of criticism from customers before the new announcement was made.
PayPal interfered with a published policy that could fine users $2,500 for spreading “misinformation”, claiming the update was released “in error”.
“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’re sorry for the confusion this has caused,”
A spokesperson told National Review in a written statement.
The recall of this policy is attributed to the company when the previous information attracted a lot of media following as well as criticism on Twitter.
Former PayPal President David Marcus himself also criticized the company he was once associated with, implying that private companies may want to take over customers’ assets if their views are opposed. This share immediately received the approval of billionaire Elon Musk.
The new conditions were scheduled to be added to the restricted activity section of the PayPal User agreement effective November 3. Changes included prohibitions on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation”.
While the prior policy already forbade “hate,” “intolerance,” and discrimination, the new one would have explicitly applied to specific “protected groups” and “individuals or groups based on protected characteristics”. Identities under this umbrella included race, religion, gender or gender identity, and sexual orientation.
The firm’s current rulebook doesn’t list these terms. It’s unclear whether PayPal will also pull back these specific prohibitions on “discriminatory” language, or if it is only scrubbing the “misinformation” clause.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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PayPal Revoke Policy To Penalize Customers $2500 For “Misinformation” After Receiving Criticism
PayPal has announced none of its policies will penalize users $2500 for misinformation, the message customers received recently was solely due to an “error”. The previous error policy received a lot of criticism from customers before the new announcement was made.
PayPal interfered with a published policy that could fine users $2,500 for spreading “misinformation”, claiming the update was released “in error”.
“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’re sorry for the confusion this has caused,”
A spokesperson told National Review in a written statement.
The recall of this policy is attributed to the company when the previous information attracted a lot of media following as well as criticism on Twitter.
Former PayPal President David Marcus himself also criticized the company he was once associated with, implying that private companies may want to take over customers’ assets if their views are opposed. This share immediately received the approval of billionaire Elon Musk.
The new conditions were scheduled to be added to the restricted activity section of the PayPal User agreement effective November 3. Changes included prohibitions on “the sending, posting, or publication of any messages, content, or materials” that “promote misinformation”.
While the prior policy already forbade “hate,” “intolerance,” and discrimination, the new one would have explicitly applied to specific “protected groups” and “individuals or groups based on protected characteristics”. Identities under this umbrella included race, religion, gender or gender identity, and sexual orientation.
The firm’s current rulebook doesn’t list these terms. It’s unclear whether PayPal will also pull back these specific prohibitions on “discriminatory” language, or if it is only scrubbing the “misinformation” clause.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
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