[Red State] As we reported previously, payment processing giant PayPal announced a new policy that, according to The Daily Wire, could dock users by up to $2,500 for participating in the spreading of "misinformation." Per the initial reporting:
A new policy update from PayPal will permit the firm to sanction users who advance purported "misinformation" or present risks to user "wellbeing."
The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, will expand its "existing list of prohibited activities" on November 3. Among the changes are prohibitions on "the sending, posting, or publication of any messages, content, or materials" that "promote misinformation" or "present a risk to user safety or wellbeing." Users are also barred from "the promotion of hate, violence, racial or other forms of intolerance that is discriminatory."...
...Deliberations will be made at the "sole discretion" of PayPal and may subject the user to "damages" — including the removal of $2,500 "debited directly from your PayPal account." The company’s user agreement contains a provision in which account holders acknowledge that the figure is "presently a reasonable minimum estimate of PayPal’s actual damages" due to the administrative cost of tracking violations and damage to the company’s reputation.
Not surprisingly, the news of this policy was met with significant consternation and pushback, with many users declaring via social media that they would be closing their accounts.
|