The Dark Truth About Paypal's $2500 Fine

PayPal faced some serious criticism from its online followers after its controversial policy update got out in public.

Initially the company posted about a fine on people spreading “misinformation”. PayPal then removed a clause from its policy that stated disseminating false material on the network would result in a $2,500 fine after facing criticism earlier this month. Users and political officials today still have questions about how the platform defines speech that is worthy of praise, and they are asking additional clarification of the terminology.
Let’s dive deeper into the entire story!

According to the website archive, PayPal's user agreement has stated that any customer who violates the platform's "approved use" guideline is subject to a $2,500 fine since at least 2013. Prior to PayPal's amendment of its acceptable usage policy earlier this month, which said that messages that are "fraudulent, promote misinformation, or are unlawful" are in breach of the policy and, by consequence, subject to the punishment, the penalty had largely gone unreported.

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