I didn't see this already posted, but is this for real with PayPal?
USMC_6115
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USMC_6115
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Why am I not surprised?
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Removed.
Coin Photographer.
Crazy.
Editor’s note: This article was updated to reflect that Paypal has retracted the user policy information after the social media backlash. The company said: “An AUP notice recently went out in error that included incorrect information.” The last paragraph in this article contains the full statement from Paypal concerning the user policy.
PayPal banned me several years ago for being in a firearms related business, even though I do not sell firearms, much, & did not receive any payments for same.
I could give a rats ass what they do or don't do. Just another tech company making anti-firearms policy against the 2nd amendment! F'em!
Wayne
www.waynedriskillminiatures.com
So do each of us get 2,500 for paypal posting misinformation in its user policy?
It's annoying that the piece was written in the first place whether it was "incorrect information" or not. Sounds like they are back peddling to me. JMHO
They are backpedaling. I don't care if they've backed down or not, the fact that they thought they'd try it was enough for me to close my PayPal account.
This is why we need to stick with coins and currency. Electronic forms of money are to trackable and letting outside influences have power. Also it’s hard for our host to grade electrons
Martin
Yeah, no way the government could ever fine you.
A reminder that it would be a good idea to have an alternative or two for electronic funds transfer.
PayPal policy: SMDH
I did see that, it was for real and they did have to 'backpedal'. The 'incorrect info' line was BS. IMHO they were just testing the waters; I'm betting they will be back in the future with a 'revised' policy. Amusing to see some bunker mentality postings here, we can choose whether or not we want to walk away from them, it's not a forced choice.
10-4,
My Instagram picturesErik
My registry sets
Who is PayPal? The government? I would be shocked to find that they can "legally" fine someone without due process of law.
I presume they consider themselves a "tech" company, but they aren't one. They are just another payments company providing a "widget" service which is subject to easy substitution.
All kinds of companies call themselves "tech" but it's just more Wall Street marketing BS to inflate the stock price.
They don't have to be the government, if you agree to the TOS you sign away any right to disagree with their rules and give them the right to fine you. No different than if you live in a housing HOA, once you sign on the dotted line the HOA has the authority to fine you if you violate any of the HOA rules.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The gov has the authority to pass laws that are voted on by representatives who are elected by we the people. So yes they can fine me. ( I also did not bring being fined up on my post) There won’t be anything to fine after PayPal emptiness my account Because I said something they didn’t like. Which is arbitrary and why should they care what I think or say. They are an escrow company for crying out loud. Also I don’t think I’m saying anything you already don’t know.
I can’t believe I actually bit
Martin
Take it as a warning. Just wait until all of your money is required to be funneled through a central bank digital currency account (CDBC) controlled by the Federal Reserve (and whomever controls them). Don't think it can happen? It's coming.
The fine was what this thread was about. I assumed that is to what you were referring.
Not all of the objectionable policy has been walked back.
https://reason.com/volokh/2022/10/09/paypal-still-threatens-2500-fines-for-promoting-discriminatory-intolerance-even-if-not-misinformation/
"Got a flaming heart, can't get my fill"
I don't think you can sign away your constitutional rights.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
This is not a constitutional right.
My PP account is tied to my credit card. If PP tries to steal $2,500 from me because they don't like what I say, I'll just have my CC company reverse the charge.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Disagree. Arbitrarily taking someone's money without due process because you disagree with something they said violates the first amendment. I'm sure the courts will side with the victim of any theft by PP.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
1st amendment doesn't apply to private businesses.
You agreed to the terms of service, there is no need for "due process" which, again, applies to public entities. A credit card company can charge late fees, for example, without "due process" because you've agreed to them when accepting the TOS.
If you are late with a payment, it's easily established. If you have a blog and they disagree with what you say, PP can fine you $2500 for every point you make that they disagree with and wipe out every cent in your account. I seriously doubt the courts would look favorably on this.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The 1st amendment may not apply to a "private business" (I've never heard a "business" say anything), but it applies to each and every citizen at that business.
If I refuse to pay the credit card company the late fees, they do not have the authority to come to my home and take it. They can take me to court and a judge can have it, or my freedom, taken from me. The only authority the credit card company has is to cancel my card.
They can hurt your credit rating and hurt your ability to get a loan.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
That is true. But fee wise, which is the subject, they can't just take it unless one lets them.
That is not true. The 1st amendment prevents the government from proscribing speech. It did not apply at all to private businesses. Believe me, I work at a private college and this has been litigated.
They can take it because you've agreed to it in the terms. Your bank can take late fees directly out of your account without litigation. If you don't like Paypal's terms, don't agree to them.
Paypal is trying to go after white supremacists and the like who have commercial sites. I don't agree with it, but the idea that they are fining people for making antivax FB posts is a bit Pollyanna.
The "college" is an inanimate object, it can't speak. You, as an employee, have a 1st amendment right to say what you please (there are limits I know). The "college" nor the government cannot stop you. The college may however terminate your employment.
If there is no money in my account, they cannot come to my home and take it from me at gun point like the government can. I don't leave money in my PayPal account for the simple reason they are not FDIC. If they go out of business or go bankrupt, too bad.
Is that like a POS writing the TOS , or just more misinformation ?
Your ESG rating just got a bump...............
bob
That is simply not true. I can be terminated for Facebook posts deemed inappropriate and there is no legal recourse. THAT is what has been litigated. You keep referring to the corporate entities. I never have. A human being had NO 1st amendment rights with respect to any private business. Look it up.
https://www.freedomforuminstitute.org/about/faq/i-work-for-a-private-employer-and-am-told-that-it-is-against-company-policy-to-discuss-politics-or-religion-with-customers-does-that-violate-my-freedom-of-speech/#:~:text=religion with customers.-,Does that violate my freedom of speech?,afoul of the First Amendment.
It's amazing how misunderstood the 1st amendment is...sigh...
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