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Searches for "delete PayPal" skyrocketed as controversy reigned this weekend over a policy saying users would be fined $2,500 for promoting "misinformation," which the payment platform quickly retracted and claimed was posted in error.
In a quickly-reversed policy move, the web's leading payments processor, PayPal, announced it would deduct $2,500 from users who violates its acceptable use policy, which includes bans on spreading "misinformation," "hate," or anything else the company deemed "unfit for publication."
Posts about acceptable use policy written by Mike Masnick and Techdirt
PayPal took a beating in social media last week after a draft of a new Acceptable Use Policy leaked. Read why it is advisable for current owners to hold their position.
After backlash, PayPal walks back a policy update that would debit users up to $2,500 if they engage in banned activity.