PayPal reverses plan to fine users $2,500 for "misinformation," claims announcement "went out in error"
· Oct 9, 2022 ·

After yesterday's shocking report of PayPal's new terms allowing the company to fine users $2,500 if they deem them guilty of spreading "misinformation," the company has now walked back the new policy and even claimed it was announced "in error."

After the new confiscatory policy announcement yesterday, the internet understandably went berserk, and even PayPal co-founder Elon Musk chimed in:

Well, now PayPal is walking it all back and claiming the new policy was published by mistake.

From a PayPal spokesperson:

"An [Accepted Use Policy] notice recently went out in error that included incorrect information. PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. We're sorry for the confusion this has caused."

Yeah OK PayPal. You didn't mean to make that announcement. It was just a big mistake. Suuuuuuuure.


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