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"PayPal tells users it will fine them $2,500 for misinformation,. . .

Twilight Hue

Twilight, not bright nor dark, good nor bad.
. . . then backtracks immediately"

PayPal tells users it will fine them $2,500 for misinformation, then backtracks immediately – Fortune

PayPal is claiming the memo was sent by mistake. But a lot of prominent voices aren't buying their explanation.
Wow. A Company is in the law enforcement business now?

I don't even think they can do that legally.

You cant just arbitrarily steal someones money like that just because a person said words some stuffy opportunistic executives find unpalatable.

Seems they discovered a good plan to rob people and extort their money.
 
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Revoltingest

Pragmatic Libertarian
Premium Member
Capitalism.
To enforce a fee (not legally a “fine”) in court, they would find that such an onerous penalty is counter to public policy. Spending time in court illuminated this. Not every transaction in capitalism is legal.
 

Heyo

Veteran Member
I haven't been able to find an actual copy of the message PayPal is supposed to have sent to its users, in spite if the fact that every news source on the planet is talking about it today
Just get a copy of the current EULA/TOS, it's bad enough. If you are buying or trying to buy some stuff trough them they find icky (e.g. sex toys) they can refuse the transfer and cancel your account. It's somewhere on page 3 iirc. I didn't read any further.
 

exchemist

Veteran Member
It's a business. They have a right to regulate how they want, especially in regards to info and safety.
They don't have a right to take your money, though. That would be theft.

I'm not sure I believe this story. It seems preposterous and none of the media I read is carrying it.
 

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Yikes, time to cancel my account. Younger people aren't using PayPal, anyway. They're using Cash App. PayPal is a dinosaur and Gen Z views it with as much disdain as they do Facebook (they're on Snapchat and TikTok).
I never used PayPal and never will. I always thought these type of services were a shady racket and now people know why.
 

Shadow Wolf

Certified People sTabber & Business Owner
There might be specific legislation, but I refer to rulings against fees that against public policy because of the magnitude. Spend time in civil court to see this.
I can see maybe some objections over the amount, but it doesn't fall under Constitutional protections that prohibit cruel and unusual punishments. Amd the way we see the prices of some medications getting jacked up to even higher and more obscene rates without legal penalty I'm not sure if this would legit be illegal or very dependent upon the judge who hears the case.
 

Shadow Wolf

Certified People sTabber & Business Owner
I never used PayPal and never will. I always thought these type of services were a shady racket and now people know why.
I've not understood the point of it (I thought it was just for ebay). Seems a peculiar and gnarly way to make money just by existing and creating some wacky weird payment thingy that's totally unnecessary.
But I'd also prefer using cash and don't like using credit cards
 

Twilight Hue

Twilight, not bright nor dark, good nor bad.
If I don't get these DVDs back to the library today I'll be fined for it. But that's not law enforcement, that failure to comply with rules of returning things by the due date.
They called it a late fee in my neck of the woods.

God I miss my old library. (No longer there)
 
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