re: New PayPal Policy Lets Them Pull $2500 From Users Accounts If They Promote ‘Misinformation

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“Let the market do it’s thing” libertarian utopians reject reality for self-righteous naivety.

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Again, I asked for alternatives to this concept. You haven't given any.

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They cannot go and steal $2500 from your account, they can freeze a transaction. Two very different things.

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Read the terms

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You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal's services, regardless of the purpose of the use. In addition, you must adhere to the terms of this Acceptable Use Policy. Violation of this Acceptable Use Policy constitutes a violation of the PayPal User Agreement and may subject you to damages, including liquidated damages of $2,500.00 U.S. dollars per violation, which may be debited directly fr om your PayPal account(s) as outlined in the User Agreement (see “ Restricted Activities and Holds ” section of the PayPal User Agreement).

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5. Involve the sending, posting, or publication of any messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable, (b) depict or appear to depict nudity, sexual or other intimate activities,?(c) depict or promote illegal dru criminal activity, cruelty,?or selfg use, (d)?depict or promote?violence,? harm?(e) depict,?promote, or incite hatred or discrimination of protected groups or of individuals or groups based on protected characteristics (e.g. race, religion, gender or gend er identity, sexual orientation, etc.) (f)?present a risk to user safety or wellbeing, (g) are fraudulent, promote misinformation, or are unlawful, (h) infringe the privacy, intellectual property rights, or other proprietary rights of any party, or (i)?are otherwise unfit for publication.

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At their sold discretion they can remove $2500 from your paypal account for anything they deem inappropriate

That is not just freezing a transaction.

Go start another crappy babe thread, creep.

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Very true. Paypal is merely a convenience, could easily live without it.

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With Zelle and crypto-backed tech, Paypal's days are numbered, anyway. It was novel because it lowered transaction costs, but now tech has made new delivery methods even less costly. Now it's a brand more than a real tech.

Credit card companies are facing the same issues, long-term.

This is why the market is so important. It creates the innovation that kill off legacy tech/institutions.

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At their sold discretion they can remove $2500 from your paypal account for anything they deem inappropriate

That is not just freezing a transaction.

Go start another crappy babe thread, creep.

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Damn you are getting bitchy lately. Calling people names is not very nice



It is a fricking paypal acount. Paypal is not a bank you hardheaded person. You are giving some 3rd party your money, that are not held to the same rules as banks.

If banks start doing this, then we can worry. If you are leaving thousands in paypal, you are just an idiot.

Edit - Threads with pretty women > your fear mongering threads you have been on a role with. Just saying.

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With Zelle

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Zelle is owned by the 7 largest banks in the USA

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Zelle is a product of Early Warning Services, LLC, a fintech company owned by seven of America’s largest banks: Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank and Wells Fargo.

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If you are against monopolies than you wouldn't promote Zelle

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I mean private companies making private regulations doesn't change any libertarian stance at all.

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Where your fault lies is in the idea that you think the two entities (government and private industry) in these situations are separate.

What is the actual difference between the a government/politicians using private industry to enact policies that they are unable to enact via governmental fiat?

ESG is a perfect example. These policies aren’t just appearing in a bubble.

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What is "reality" and what is your response?

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The reality is, there is no free market.

These massive tech oligarchies prevent the very concept through the use of governmental policy and the intertwining aspects of the two.

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Paypal is not a monopoly.

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Paypal owns a market share of I think 50+% and it’s sub company, Venmo, owns something around 60%.

You are correct, they aren’t definitive monopolies, but the separate pieces of the whole in the tech company world enacts policies favoring each other.

Perfect examples are the “conservative” alternatives to Twitter (couldn’t remember any names ).

The tech industry generates a wall to keep the free market from taking place, and that is managed by actual monopolies (Amazon, Google).

And, again, there is no fixing this. It will simply advance.

Just deleted my account

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Zelle is owned by the 7 largest banks in the USA

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Pretty soon they will be the only banks

Due to the government it is almost impossible to start a bank anymore.

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Venmo

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Gone as well!

Thanks for posting.