New PayPal rule: The company can take $2,500 from your account for sharing misinformation

Mrwong

Mrwong

Mrwong

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Holy **** !

Yeah.. Time for me to find an alternative. They are becoming too big for their boots.

I just started accepting payments from people for a niche small business with paypal. I'll take suggestions for alternatives that aren't a PITA for my customers.
 
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I believe PayPal are claiming that entry is in error (seems an odd error to me) but AFAIK they can only leverage it against your balance with them (hence why I never keep any amount in my PayPal account) - not take it from your bank/other funding source and I'm pretty sure arbitrarily doing so in the UK would be illegal - at least in the UK pretty sure it is a civil matter they'd need to take you to court over.
 
Rroff said:
I believe PayPal are claiming that entry is in error (seems an odd error to me) but AFAIK they can only leverage it against your balance with them (hence why I never keep any amount in my PayPal account) - not take it from your bank/other funding source and I'm pretty sure arbitrarily doing so in the UK would be illegal - at least in the UK pretty sure it is a civil matter they'd need to take you to court over.
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Error = Pedalling backwards as fast as possible ;)
 
robfosters said:
Am I missing something here? PP is used for paying for things and accepting payments. How can it be used to spread misinformation?
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Malevolence said:
This is exactly what my second thought was. My first thought was, "surely this has to be a ******* wind-up".
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There's nothing about it being restricted to your use of Paypal. It would apply to anything the rulers of paypal deemed to be thoughtcrime, regardless of where someone said it. Or was wrongly accused of saying it, of course. Such people don't care about the truth, only their own power and prejudices.

Paypal have temporarily backed down on it, using the usual "that text was added by accident" excuse. Presumably they'll try again at some point when it's a bit less controversial. Maybe with a smaller fine. That's also usual, of course - overstate the intended goal a bit in order to push the line a bit further, temporarily back away from it, then bring it back in a slightly diluted form.
 
Angilion said:
There's nothing about it being restricted to your use of Paypal. It would apply to anything the rulers of paypal deemed to be thoughtcrime, regardless of where someone said it. Or was wrongly accused of saying it, of course. Such people don't care about the truth, only their own power and prejudices.

Paypal have temporarily backed down on it, using the usual "that text was added by accident" excuse. Presumably they'll try again at some point when it's a bit less controversial. Maybe with a smaller fine. That's also usual, of course - overstate the intended goal a bit in order to push the line a bit further, temporarily back away from it, then bring it back in a slightly diluted form.
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Sorry mate, I disagree with you, send me some cash this instant :p
 
Even I am a bit confounded by this...

It's fine to kick people off a platform for breaking the terms they signed up to and I'm fine with walled gardens deciding to kick people out for no reason at all... but this is dumb.
 
Yes it would be illegal and i suspect the regulator would threaten to withdraw their licence and prevent their financial operation.
 
When the subject of a cashless society comes up we have even now Paypal (Visa and Mastercard too) already trying to dictate were people can spend their money.

These companies just cannot help themselves.
 
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wtf lol is this even real?

Afaik, a company has no legal basis to “fine” you whatsoever, that’s what a court and judge are for??

Surely if you took them to court, they wouldn’t have a leg to stand on, certainly not in this country.

I’m imagine they’d also be stripped of their ability to operate, by financial regulators if they tried it.
 
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