PayPal is one of the biggest digital finance companies in the world. But the popular platform stepped on an absolute minefield when it recently published a disturbing, borderline dystopian “misinformation” policy promising to fine users who commit speech crimes.
"You may not use the PayPal service for activities that … involve the sending, posting, or publication of any messages, content, or materials that, in PayPal’s sole discretion … promote misinformation," PayPal’s policy read .
It further noted that the company would access users’ bank accounts and subtract them $2,500 fines (per infraction!) if they ran afoul of PayPal’s subjective perspective on “misinformation.”
After news of this policy update emerged, the backlash was swift and severe. Countless social media users posted about their decision to cancel their PayPal accounts in light of the disturbing policy. The company’s stock took a hit , and critical press coverage spread like wildfire.
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PayPal quickly walked back the “misinformation” policy. The company claimed that the policy was released in error. (Sure.)
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However, concerned customers shouldn’t assume that everything is fine now.
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 directly out of your bank account) for “activities that … relate to … the promotion of hate, violence, racial or other forms of intolerance that is discriminatory” in the “sole discretion” of, yup, PayPal.
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More:
https://www.washingtonexaminer.com/...stopian-financial-censorship-scheme-backfires
