Does PayPal have a $2500 penalty?

The letter requested a response from PayPal by today (October 27, 2022). PayPal quietly added the $2500 penalty again. #DeletePayPal #DeleteVenmo pic.twitter.com/NjmhxHmXO0 Update: PayPal has quietly removed the $2500 penalty for transgressions of their Acceptable Use Policy. The most recent update indicates October 29, 2022.

Will PayPal impose a fine for misinformation?

A new policy in PayPal’s fine print triggered a storm of outrage over apparent plans to impose, starting on Nov. 3, a hefty fine of $2,500 any time one of its 429 million consumers and merchants expressed what the corporate brass deems to be misinformation.

Can PayPal deduct $2500 from my account for misinformation?

Close you PayPal account. Their new Policy allows them to deduct $2500 from your account for misinformation. Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. “PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy."

Could PayPal's $2,500 fine be weaponized to control speech?

Unfortunately for PayPal, now that the $2,500 fine has landed in the public eye, it has fallen under close scrutiny. “Concerned about this language still in PayPal’s terms of service – it’s vague and seems like it could be weaponized to control speech,” Representative Tom Emmer (R - MN) wrote in a tweet on Thursday.