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PayPal Can Still Fine Its Users $2500 for Wrongthink

It’s possible that PayPal is morphing into something like a church-based credit union, where certain beliefs and behavior are expected of customers

As word of PayPal’s leaked proposal to charge users $2500 for spreading “misinformation” spread last week, the e-commerce system quickly disavowed it. They were wise. Federal Communications Commissioner Brendan Carr described the proposal as “Orwellian.” Thousands sought out search terms around the concept of cancelling PayPal. Such a nice story; if only it ended there. Lesson learned and we all go home. But some caution, not so fast. Other things the Terms of Service (TOS) still says should also set users thinking: As it turns out, PayPal has in place another dystopian financial censorship policy that enacts similar fines for those it deems bigots or hatemongers. Law professor Eugene Volokh exposed the PayPal policy, which again authorizes $2,500 fines (taken Read More ›