PayPal issues, experiences and updates

[palehorse]

Agree pretty much with what Vangelo wrote above, but hey it is not the end of the world. Like always if we decline their offers they won't get any sales, that is how it works.. but unfortunately most people are living in oblivion and can't read in between the lines (not sure if they can even read the lines itself lol).. anyway folks, where I live at least I don't need to use any sort of electronic cash system, my day to day transactions are made in cash and I intend to keep that way for as long as possible.

Barter is an option for those who will refuse the new financial system that will settle down soon. I know quite a few people in the country bartering all sort of things. As always there will be some alternative, by the way, if money was dead today, I would jump straight into Monero NOT Bitcoin (highly compromised).

[iota]

Posted by Vangelo (here)
Here is another facet of the Paypal situation to consider.  It may take me a bit to describe this rabbit hole.  

Governments want to replace cash with digital currency so that they can track every transaction.  They will do this with CBDCs - Central Bank Digital Currencies.  CBDCs will allow them to immediately tax the transaction in addition to keeping track of every transaction you make, who you transacted with, what you bought, and what you did with it after purchase.  They will tell you that this is a good thing because it will allow them to make sure terrorists aren't able to fund their activities (remember who the US Government recently claimed are domestic terrorists).  

There is an even more insidious and terrifying thing about CBDCs and their ability to track transactions, and that is they can also control each and every transaction. For instance, they will be able to prohibit you from making certain transactions or stop vendors from transacting with you. This is not science fiction.  It is possible for instance, for them to prohibit you from paying for a bus ticket at the point of transaction.  

<snip>

.  It is an unbelievably strong weapon they can use to control us and our behaviors. 
It is a means to enslave us.


Now, how does this relate to the PayPal situation?  The PayPal $2500 claw back is a very real and tangible example of the use of the financial system to enforce desired behaviors from us.  It demonstrates how the financial system can be used to control our behavior. 

The fact that so many of us canceled our accounts is a good thing

because it sent a message to those in control that we will respond negatively and decisively.

Great information Vangelo!

very solid, important and accurate

this too is my understanding of what the plans are

and the implications of those plans

i highlighted a few important points for emphasis

particularly your last point

to paraphrase:

when WE take action

they have NO choice but to back down





the fact is:

the CHOICE has been

and will ALWAYS be ... OURS


the full PayPal User Agreement can be seen here

Posted by mountain_jim (here)

https://twitter.com/100trillionUSD/s...WHOcZnSBUivmKw

https://twitter.com/DavidBCollum/sta...WHOcZnSBUivmKw

loved these tweets Jim! thank you!

Posted by justntime2learn (here)

WOAH. This PayPal’s stock this morning.

An absolute nose-dive after Patriots fought back and DELETED their accounts over the woke company’s initial plans to police your First Amendment rights.

Don’t give them an inch. This is the way.

We are winning. Can you feel it?

Attachment 49721

Follow @BennyJohnson 🇺🇸

Link: https://t.me/BennyJohnson/6592

brother, you rock!!

tangible results felt where it matters most to them

their pocket books!

a win for the people! yay!



just a place holder for now..

tomorrow .. i'll be doing a post as to the clue that was given in the premature release

i'm eager to hear what you all make of it

i firmly believe

Knowledge IS power

it was really good to see everyone reclaiming power as soon as info came out

i'm also grateful for this group that provides such a wealth of knowledge continuously

thank you so much to everyone who contributed!

[mountain_jim]

Brian Cates
Forwarded from
Chief Nerd

The Consumer Financial Protection Bureau Has Opened an Investigation into PayPal

“We have ordered most of the major big tech firms and payment companies to provide us with information about how are they making decisions about who they kick off their platforms, but we also need to look into whether they believe they can be fining users for legal activities.”

(video sourced from CNBC)


Source: https://www.rumble.com/video/v1l0opi

[ExomatrixTV]

• F**k PayPal:

Source: https://youtube.com/watch?v=bw9NVYOX6kQ

You know society is in trouble when the Truth is now deemed "misinformation".

[norman]

Posted by ExomatrixTV (here)

• F**k PayPal:

Source: https://youtube.com/watch?v=bw9NVYOX6kQ

You know society is in trouble when the Truth is now deemed "misinformation."

QUOTE:

Paypal wants to be the bayonet at the business end of cancel culture - Paul Joseph Watson. October 2022

[iota]

Posted by palehorse (here)

Barter is an option for those who will refuse the new financial system that will settle down soon.

I know quite a few people in the country bartering all sort of things.

As always there will be some alternative, by the way,

excellent point! and way to deny them the right to impact our lives!

ALWAYS will they try to

NEVER do we HAVE to let them

that's just a FACT plain and simple

we CAN see what they intend

then CHOOSE NOT to participate

it is only the illusion of being powerless, that has it be so

Bartering is an excellent CHOICE

and there isn't a darned thing they can do to stop us ...




i'm waiting for the lawsuits to come to mind

on that note? my attorney has a bit of a crush on me

how unethical would it be to leverage that get him to consider initiating a :

FREEDOM of Speech CLASS ACTION suit against PayPal and others?

just wondering ...




ok ... as promised, a teenie fact was omitted in the Mainstream coverage

but first i'd like to point out, this isn't new ...

regulating the speech of their customers has been standard MO for them for a while now

what is new is OUR response saying:

"you will NOT do that!"

period

PayPal Sets Social Media Ablaze with Major Change

The Street reported:



"PayPal (PYPL) is in trouble.

The financial services platform has been in a major decline since the beginning of the year.

Its stock price has fallen 52.2% since January. The market value has decreased by nearly $114 billion during that period to $104.3 billion.

Profitability concerns surrounding fintech have grown in recent months as fears of a recession have taken precedence over all other considerations with investors.

Investors fear that the aggressive increase in interest rates by the Federal Reserve (Fed) to tame inflation, which is at its highest in 40 years, will lead to a so-called hard landing for the economy.

Normally, when interest rates rise, it is a good scenario for financial institutions. They make money by charging their borrowers more than they pay to their lenders.

A $2,500 Fine for Misinformation

The problem is that a sharp slowdown in economic activity is likely to have an impact on many households. This could result in an increase in unpaid bills and a piling up of payment defaults on loans granted by financial firms.

PayPal's revenue stems primarily from fees the company charges when consumers use the platform to pay for online purchases and various transactions. If the volume of transactions decreases, so will PayPal's revenues.

In addition, the company is also suffering the brunt of the sharp decline in the interest of small investors for cryptocurrencies. PayPal was among the first companies to offer to buy and sell Bitcoin (BTC) and Ethereum (ETH), the top two cryptocurrencies by market value.

The crypto craze that peaked in November 2021 has completely died down. The sector has been in a kind of lethargy for several months, marked by a sharp drop in trading volumes and the withdrawal of retail investors, often arriving on the market via PayPal and CashApp, Block's (SQ) platform.

But as if all these challenges weren't enough, PayPal just created a big problem all on its own. Documents were just leaked in which the company says it will impose financial penalties on customers who violate its policy.

Any misinformation would be penalized with a $2,500 fine. Basically, if a client is found guilty of four acts of misinformation, they could be fined $10,000. PayPal would withdraw this amount directly from the customer's account.

“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,"

the document, called "Acceptable Use of Policy," said.

“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 from your PayPal account(s)," the company added.

You can read the full document here. (link now says page is missing)

What is interesting is that it is marked "Last Updated on November 3, 2022". This suggests that the policy was only due to come into effect in just under a month."

source: https://www.thestreet.com/technology...licted-trouble


please bear with me on this post

many reported the story ~ ONLY the Street reported what i put in red at the end

the date, "November 3, 2022", this fine was to go into effect

i find that significant and no longer believe in coincides

my interpretation of this is that election fraud WILL take place

and they KNOW that we KNOW

therefore, it is predictable that the outcry will be HUGE

and this was their attempt to silence everyone into submission

it could well be the tipping point everyone has been anticipating

this action? demonstrates they are anticipating it as well

though it is doubtful they were anticipating causing their own demise

and that is just about a certainty at this point

still, i think it good to be prepared at this time

knowledge IS power

let's use it wisely to empower ourselves and stay strong and united

[Vangelo]

Posted by Vangelo (here)
...
I bet they come back requesting that I do not cancel.

I lost the bet, they formally cancelled the account today :-)

[Matthew]

Posted by ExomatrixTV (here)

• F**k PayPal:

Source: https://youtube.com/watch?v=bw9NVYOX6kQ

You know society is in trouble when the Truth is now deemed "misinformation".

PayPal characterising their unpopular policy as an error. Sure. Here's PayPal's President & CEO Dan Schulman in an interview with the WEF about how important it is to earn customer's trust which he says is achieved by banning organisations & individuals. They knew exactly what they were doing.

THE DIGITAL ECONOMY
The thing that separates good companies from great ones: Trust
Jan 31, 2022
https://www.weforum.org/agenda/2022/...man-interview/

- President and CEO of PayPal, Dan Schulman reflects on what it takes for businesses to earn trust - and why doing so is going to matter more than ever.
- Being a company that embodies trust means that your mission and values should make it clear that you stand for more than just maximizing profit.
- There’s been such an erosion of trust around the world, Schulman believes it’s going to continue to be a huge potential differentiator.

Rik Kirkland: Trust is declining across so many countries and institutions these days. How can organizations move that needle in the right direction?
Dan Schulman: First, understand that trust can only be built over time. A company can’t just look up and say, “Hey, we want to be trusted.” Today, PayPal regularly shows up at the top of various lists of the world’s most trusted brands. But a lot of what we did to support that goes back six or seven years. You have to think longer term than the next few quarters.

Second, be consistent. For a brand, that requires a clear mission that sets out what you’re about; a clear set of values to support that mission; and articulating both clearly, internally and publicly. Above all — this is incredibly important — it requires acting on those values. Saying that you have values and not acting on them is worse than not having any values. That’s what causes employees to revolt, that’s how you sow distrust with customers or regulators. My dad told me, “You are what you do, not what you say.” Make sure what you say and what you do are always aligned.

RK: Does earning trust for a business today require more than simply offering reliability and products that deliver good value?
DS: Trust extends well beyond whether you deliver an excellent product or service. Doing that is very necessary, but it’s not sufficient. To be a company that embodies trust, your mission and values should make it clear that you stand for more than just maximizing profit. That you stand up for social issues that are important, and you do the right things to help create a better world. I really believe companies can’t think of themselves as separate and distinct from the communities they operate in.

RK: For example . . .

DS: Some is about the things you do. We’ve taken a lot of positive stands: backing immigration reform; providing access to interest-free loans to help federal workers when they were furloughed during the government shutdown in 2019; and investing more than $500 million since 2020 to close the racial wealth gap by supporting Black-owned small businesses and creating an economic opportunity fund to invest in community banks and credit unions serving underrepresented communities.

Some is about things you stop doing. For example, we’ve barred hate groups, the Proud Boys on the far right and Antifa on the far left, from using our platform. The difficult part there is identifying what is hatred and what is freedom of speech. Nobody teaches you that.

But the older I’ve gotten and the longer I’ve been in CEO jobs, the more I’ve realized that if mission and values are what guide your toughest decisions, it’s not actually that hard. When North Carolina passed a bathroom law in 2016 that discriminated against LGBTQ citizens, I immediately made the decision that we were going to withdraw our plans to open an operations center there in a week. Because that was a clear assault against people for their gender identity and their sexual orientation. Now, I didn’t realize how much it was going to thrust us into the national spotlight, that I couldn’t go into a bathroom for a while without security searching the stalls first. But it was clear to me that this was a case of putting our values into action, and honestly, we had no choice but to make that decision.

RK: How can trust serve as a guide to managing the conflicting demands of diverse stakeholders?
DS: That companies operate in a world of stakeholder capitalism has to me always been a full no-brainer. It’s also clear that while I serve at least five different constituencies — employees, customers, communities, shareholders, regulators — my number one constituency is my employees. And I’ll say that in front of any shareholder

The reason is, if I can attract and retain great employees, a passionate, diverse workforce who believe in what we are doing, then nobody will work harder or execute better against PayPal’s mission. And that is going to give me all the competitive advantage that I need.

That said, all stakeholders matter. A lot of tech companies aren’t trusted because people don’t understand how they work. At PayPal we launch no product or service without regulatory consultation. When I first came here, we had about 100 compliance and financial crimes related staff. Today we have more than 4,000. You might say, “Wow, that must stop you from innovating .” But I consider it a competitive advantage. Because when we launch a new product with the backing of regulators, consumers can trust it as well.

RK: Does a more digital world put a higher premium on trust?
DS: Digitization is making us all more vulnerable to people we don’t really know. People know their information is “out there,” regardless of whether it’s packaged or sold on the dark web. The world is ever more prone to cyberattacks. As a result, people are feeling very vulnerable. They are looking for safety, rocks in a shifting landscape that they can count on.

What they really care about is: Is a brand secure and does it protect my privacy? For PayPal, security and privacy are the two pillars we rest on. Transparency is also critical. Products should be simple to use and easy to understand. No surprises, no fine print. Your business model shouldn’t rely on people not having all the facts, or pricing that’s not clear.

RK:Trust in autonomous systems and distrust in fiat currencies are part of the explosive rise of crypto and blockchain technologies. How do you see those forces playing out?
DS: People misunderstand or conflate various parts of the complex debate over crypto, digital currencies and blockchain. Yes, there is a set of people who believe some form of cryptocurrency should be out of the hands of government and disintermediate everybody. But I strongly believe there is no way that the world’s financial system is not going to be regulated by governments. That system’s stability and integrity is just too important. Yes, a lot of people get hung up on the price of Bitcoin and whether it’s in a bubble. I think we should have the humility and courage to admit that we’re in the early stages, and we don’t know perfectly what the future is going to hold.

But none of that means we shouldn’t explore the opportunity now to innovate responsibly. The core of PayPal’s mission is to make sure people aren’t left behind or left out when it comes to the financial system. The current system is antiquated, inefficient, expensive, and exclusive. Those are facts. And pretty much every regulator and central banker agrees. If I had to predict, I think what’s going to happen with crypto is that it will become an enhanced utility for payments. That involves things like the ability to create programmable money, which uses software and new technology to take payments to a different level. You can embed compliance in a payment, you can embed identity. This all goes well beyond what we can do today. You can digitize assets by creating non-fungible tokens or take pieces of asset classes that could never be available to the masses and decompose them in ways that make them more affordable.

What all these ideas do is use the underlying distributed ledger technology to make the system more efficient and, where it makes sense, disintermediate unnecessary intermediaries. If I’m sending an international remittance from one digital wallet to another digital wallet, why go through four or five different middlemen who tack on 8% or more in fees when I can do that transaction at a miniscule cost and do it instantaneously? The key will be to experiment and explore the potential innovations in crypto and blockchain hand in hand with regulators, so they continue to trust us as well.

[Mark (Star Mariner)]

I had many, many problems with Paypal in the past and I swore I'd never use them again (so sorry Bill!).

What they did to the Canadian truckers was unforgivable, an absolute disgrace. And now this. They are rancid, and I'm glad many others are finally catching on.

[Vangelo]

As you know I canceled my account with PayPal and asked them to delete my data.  They canceled the account yesterday and deleted some of the data.  The interesting thing is they must save some data for 'a number of years' for fraud and money laundering purposes and the data that they say they deleted was "Any personal data that was provided for marketing purposes. Recordings of telephone calls you made to customer service if it’s been 2 years since you made the call. "

Here is the actual text of their response...

We've deleted some of your data

You recently let us know that you wanted to delete your PayPal account data. If your account wasn’t already closed, we’ve closed it, and we’re sorry to lose you as a valued PayPal customer.

Because PayPal is a financial company, we’re required by law to keep your personal and transaction data for a number of years after your account has been closed or inactive to prevent fraud and money-laundering and to comply with financial laws. The amount of time we need to keep the data is determined by federal, state, and local laws.

We were able to delete some of your data, including:

Any personal data that was provided for marketing purposes. Recordings of telephone calls you made to customer service if it’s been 2 years since you made the call.

We use firewalls, data encryption, and data access controls to protect the data we need to keep. Also, we’ll only process your data if we have legal grounds to do that.

You have rights and choices about how your personal data is collected, stored, used, and shared. You can find out more in our Privacy Statement. If you still have questions about how PayPal processes your personal data, the customer experience you’ve received, or the details of the personal data deleted, you can contact us.

If you don’t want to click on the links above, please select Privacy at the bottom of any PayPal.com page to learn more, or choose Contact Us to reach customer service.

PayPal

[Eva2]

Posted by Vangelo (here)
As you know I canceled my account with PayPal and asked them to delete my data.  They canceled the account yesterday and deleted some of the data.  The interesting thing is they must save some data for 'a number of years' for fraud and money laundering purposes and the data that they say they deleted was "Any personal data that was provided for marketing purposes. Recordings of telephone calls you made to customer service if it’s been 2 years since you made the call. "

Here is the actual text of their response...

We've deleted some of your data

You recently let us know that you wanted to delete your PayPal account data. If your account wasn’t already closed, we’ve closed it, and we’re sorry to lose you as a valued PayPal customer.

Because PayPal is a financial company, we’re required by law to keep your personal and transaction data for a number of years after your account has been closed or inactive to prevent fraud and money-laundering and to comply with financial laws. The amount of time we need to keep the data is determined by federal, state, and local laws.

We were able to delete some of your data, including:

Any personal data that was provided for marketing purposes. Recordings of telephone calls you made to customer service if it’s been 2 years since you made the call.

We use firewalls, data encryption, and data access controls to protect the data we need to keep. Also, we’ll only process your data if we have legal grounds to do that.

You have rights and choices about how your personal data is collected, stored, used, and shared. You can find out more in our Privacy Statement. If you still have questions about how PayPal processes your personal data, the customer experience you’ve received, or the details of the personal data deleted, you can contact us.

If you don’t want to click on the links above, please select Privacy at the bottom of any PayPal.com page to learn more, or choose Contact Us to reach customer service.

PayPal

I got the same message and a series of duplicate emails stating this?

[Vangelo]

VirtualShield's Response to PayPal Exodus

I use VirtualShield for my VPN.  They sent me the email below.  It says they are very concerned about the PayPal policy because it "... directly harms people's right to freedom of speech."

This is very interesting and it tells me the PayPal exodus must be significant because VirtualSheild sent this email to request that I add a credit card to my account so that they can renew my subscription in 7 months.  I already added a credit card to my VirtualShield account 2 days ago at the same time I canceled PayPal.  My speculation is that they are getting so many PayPal cancellations that they are sending this email to everyone of their customers who have ever used PayPal regardless of whether or not their account currently has a credit card. 

Here is the email VirtualShield sent...

Hello,

PayPal recently introduced a new update into their Acceptable Use Policy/Terms which, would allow them to issue a large monetary fine to users they decide have violated their 'misinformation' policy. This is very concerning and directly harms people's right to freedom of speech.

PayPal has since retracted this new policy from their terms, however there is still uncertainty about how they will proceed in the future or if they will decide to try to enforce this policy in a different way.

What should I do?We recommend that you add a credit card to your VirtualShield account to allow your subscription to continue independently of your PayPal account. This is especially important if you plan to close or have already closed your PayPal account.

Please click the link below to learn how to add a credit card and ensure your protection continues without interruption.

Thank you for being a valued VirtualShield customer.

👋 If you have any trouble during this process, our support team is standing by 24/7 to assist you.

Sincerely,
VirtualShield Team

[palehorse]

I was going to write after Vangelo's post... it seem pretty much like "canned message".. but Eva2 stated that.. great!
This dudes at paypal or any large payment processor will only take personal if you "the customer" sue them in court... nobody does, because the fees are prohibitive. The entire thing is a huge mess, it is designed to be like that.

I know people who had a lot of money locked for months using paypal business account, when paypal decide to "investigate" your line of work, you the customer get locked and the money freezes, you can't withdraw or transfer or do anything but wait for them to decide, and it can takes months.

I ask who gave these son of bitches from paypal to decide that????

They are crooks, gangsters, their clan is evil. People has to BOYCOTT. No other word for that but BOYCOTT.

There is no trust and will never be. All they say is pure marketing bull****, I got enough from all these modern stuffs they are putting out there.. it is never for our interest is for their interest always.

Nowadays I am at easy with all of this crap, I did my part to BOYCOTT paypal and the likes. I will never touch any of this crap again.

The downside of it: I can't purchase things online anymore, unless they offer cash on delivery or bank deposit, I have no credit cards for more than 10 years.

Sorry for rant folks, but it is what it is.. former pissed customer here.

[justntime2learn]

ICYMI-PayPal has reinstated its $2500 fine for "misinformation."

It's easier to read after opening link.

Last updated on September 21, 2021

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 from your PayPal account(s) as outlined in the User Agreement (see “Restricted Activities and Holds” section of the PayPal User Agreement).

Prohibited Activities
You may not use the PayPal service for activities that:

violate any law, statute, ordinance or regulation.
relate to transactions involving (a) narcotics, steroids, certain controlled substances or other products that present a risk to consumer safety, (b) drug paraphernalia, (c) cigarettes, (d) items that encourage, promote, facilitate or instruct others to engage in illegal activity, (e) stolen goods including digital and virtual goods, (f) the promotion of hate, violence, racial or other forms of intolerance that is discriminatory or the financial exploitation of a crime, (g) items that are considered obscene, (h) items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction, (i) certain sexually oriented materials or services, (j) ammunition, firearms, or certain firearm parts or accessories, or (k) certain weapons or knives regulated under applicable law.
relate to transactions that (a) show the personal information of third parties in violation of applicable law, (b) support pyramid or ponzi schemes, matrix programs, other "get rich quick" schemes or certain multi-level marketing programs, (c) are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card, (d) are for the sale of certain items before the seller has control or possession of the item, (e) are by payment processors to collect payments on behalf of merchants, (f) are associated with the sale of traveler's checks or money orders, (g) involve currency exchanges or check cashing businesses, (h) involve certain credit repair, debt settlement services, credit transactions or insurance activities, or (i) involve offering or receiving payments for the purpose of bribery or corruption.
involve the sales of products or services identified by government agencies to have a high likelihood of being fraudulent.
relate to transactions involving any activity that requires pre-approval without having obtained said approval.

1

Transportation

Airlines and scheduled or non-scheduled charters/jets/air taxi operators.


1
Transportation


Airlines and scheduled or non-scheduled charters/jets/air taxi operators.
2

Charities / Non-Profit

Collecting donations as a charity or non-profit organization.

3

High Value Items

Operating as a dealer in jewels, precious metals and stones.

4

Payment Facilitator

Providing payment services which would fall under the definition of a money service business or an electronic money institution. Services would also include the sale of stored value cards and escrow services.

5

Investments

Buying, selling, or brokering stocks, bonds, securities, options, figures, commodities, contracts for difference/forex, mutual funds or an investment interest in any entity or property.

6

Gambling, Gaming, Prize Draws and Contests

Activities involving gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to property/real estate prizes, casino games, sports betting, horse or greyhound racing, fantasy sports, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not legally defined as gambling) and sweepstakes, if the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.

7

Cryptocurrency

Any digital representation of value that can be digitally traded, transferred, or used for payment, including, but not limited to, crypto currencies, virtual in-game currencies, or non-fungible tokens.

8

Prescription Items

The sale of any product(s) requiring a prescription or prescription dispensing

services.

9

Telemedicine Services

Providing medical services and consultations in a remote fashion.



10



Mature Audience Content

Any adult content delivered digitally including video on demand (VOD) and web-cam activities. PayPal may be restricted from processing payments in certain jurisdictions for adult DVD’s, magazines and other adult themed products or services.

11

Online Dating

Any dating services that enable individuals to find and introduce themselves to new people with the goal of developing a personal or romantic relationship.

12

Live Streaming/Broadcasting

Any activities in which people transmit video, voice or text content in a live environment with the potential of user interaction.

13

File-Sharing

Providing file sharing services including cyberlockers and similar remote digital file sharing services where uploaded content is accessible to the public or the service pays uploaders for content.

14

Alcohol

Selling alcoholic beverages.

15

Tobacco

Non-cigarette tobacco products, e-cigarettes, cigars

16

Medical Items or Services

All items classified as medical devices, and all services or treatment provided by a person or organization holding itself out as a provider of health-care services, including, but not limited to, all health-care services for which government licensure is required in the provider’s jurisdiction or in the jurisdiction where services are being provided.

This category includes “Medical Tourism” involving medical services to be provided to a patient outside of that patient’s home country.

17

Multilevel Marketing and Direct Selling Organizations

Direct Sales Organizations (“DSOs”) and the Multi-Level Marketing (“MLMs”) are distribution and marketing models in which products or services are sold via a network of independent distributors or representatives. DSO and MLM models rely on personal sales and frequently require the independent distributors to recruit new distributors in order to advance within the organization or gain incentive compensation.

18

Marketplaces

A marketplace is an e-commerce solution where third-party sellers can sell their products or services to customers.

Link: https://www.paypal.com/us/legalhub/a...locale.x=en_US

This user agreement will be effective for all users as of September 19, 2022.

To long to post, so here is the link: https://www.paypal.com/us/webapps/mp...ted-activities

[onawah]

Why You Need to Stop Using PayPal
by Dr. Joseph Mercola
November 05, 2022
https://articles.mercola.com/sites/a...bid=1637609060

Source: https://youtube.com/watch?v=MJcL5U-pioU

(What I don't understand is how PayPal finds out what information everyone is sharing. Are they monitoring all the social media platforms and keeping track of every post that every PayPal members makes, and categorizing them as acceptable or unacceptable?)

"STORY AT-A-GLANCE
PayPal’s true function is as a politically biased extremist-activist platform
Natural health organizations, antiwar journalists, Christian organizations, anti-child-grooming organizations, nonprofits fighting vaccine mandates, organizations promoting early COVID treatments, alternative media and free speech unions are among those who have had their PayPal accounts canceled without warning
PayPal is also seizing any money you might have in your account on the day of deplatforming.
Funds may or may not be returned to you after a six-month review
October 7, 2022, PayPal issued a new user agreement that included fining users $2,500 for “misinformation” or material “unfit for publication.”
The determination of what could be deemed “misinformation” was to be at the sole discretion of PayPal, and the fine was to be “debited directly from your PayPal account”
Amid a storm of backlash, PayPal backtracked the next day, saying the user agreement had been issued in error.
It’s now been revealed the $2,500 fine has been in its user agreement for over a year.
The primary change was the addition of “misinformation” as a fineable offense. PayPal will continue to seize funds, so get out of PayPal as soon as possible

While PayPal has acted as “moral police” for over a decade,1 in the last couple of years, its true purpose has crystallized. You probably thought PayPal was nothing more than an online payment service, but its true function is as a politically biased extremist-activist platform. PayPal’s chief executive Dan Schulman himself has publicly stated he was “born with social activism in my DNA.”2

Natural health organizations, antiwar journalists,3,4 Christian organizations,5 anti-child-grooming organizations,6 nonprofits fighting vaccine mandates, organizations promoting early COVID treatments, alternative media7 and free speech unions8 are just a sampling of the individuals and groups that have had their PayPal accounts cancelled without warning.

PayPal Is Stealing Funds
Adding insult to injury, PayPal is also seizing any money you might have in your account on the day of deplatforming. As reported by independent journalist Matt Taibbi in May 2022:9

“In the last week or so, the online payment platform PayPal without explanation suspended the accounts of a series of individual journalists and media outlets, including the well-known alt sites Consortium News and MintPress ...

Consortium editor Joe Lauria succeeded in reaching a human being at the company in search of details about the frozen or ‘held’ funds referenced in the note. The PayPal rep told him that if the company decided ‘there was a violation’ after a half-year review period, then ‘it is possible’ PayPal would keep the $9,348.14 remaining in Consortium’s account, as ‘damages.’

‘A secretive process in which they could award themselves damages, not by a judge or a jury,’ Lauria says. ‘Totally in secret’ ... This episode ups the ante again on the content moderation movement ... where having the wrong opinions can result in your money being frozen or seized. Going after cash is a big jump from simply deleting speech, with a much bigger chilling effect.”

PayPal’s Terms of Service: $2,500 Fine for Misinformation


Source: https://www.bitchute.com/video/JQmt6xH74yt2/


On top of its deplatforming of political opponents and freezing their funds, PayPal recently threatened to fine users who express opinions that the company doesn’t agree with.10,11,12 In other words, they’ve devised yet another way of stealing your funds, even if they don’t seize your entire account and close it down. As reported by the DailyWire November 7, 2022:13

“A new policy update from PayPal will permit the firm to sanction users who advance purported ‘misinformation’ or present risks to user ‘wellbeing’ with fines of up to $2,500 per offense.

The financial services company, which has repeatedly deplatformed organizations and individual commentators for their political views, will expand its ‘existing list of prohibited activities’ on November 3.

Among the changes are prohibitions on ‘the sending, posting, or publication of any messages, content, or materials’ that ‘promote misinformation’ or ‘present a risk to user safety or wellbeing.’ Users are also barred from ‘the promotion of hate, violence, racial or other forms of intolerance that is discriminatory.’”

According to the notice, the determination of what could be deemed “misinformation” was to be at the sole discretion of PayPal, and the fine was to be “debited directly from your PayPal account.”

It’s worth noting that undefined “misinformation” wasn’t the only thing that could incur a fine; item (i) of the policy also included materials “otherwise unfit for publication.”14 Unfit? What could that be? Your guess is as good as mine.

Based on whom they’ve deplatformed and seized funds from so far, people who would see thousands of dollars swiped from their PayPal accounts as fines for wrongthink would include anyone who doesn’t care for global tyranny, censorship, government overreach, forced medical interventions, nuclear war, The Great Reset or pedophile grooming of children, just to name a few.

PayPal Temporarily Backtracked Amid Backlash
The updated terms of service resulted in thousands of users swiftly closing their accounts and taking their outrage to social media. PayPal’s former president, David Marcus, referred to the new terms as “Insanity,”15 and company stocks tanked nearly 12%.16

The backlash was so great, PayPal backtracked the very next day and apologized for causing “confusion,” claiming the new terms of service had been sent out “in error.” According to a PayPal spokesperson:17

“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.”

Anyone who believes PayPal would send out new terms of service by mistake is truly gullible. A company like PayPal would have to go through multiple steps and levels of organization, including legal, in order to update its terms of service. No doubt it was approved and authorized at the highest levels.

It was not a mistake, and its sudden U-turn was merely for show (more on that in a moment). They realized they moved a bit too far, too fast, by tying the fine directly to “misinformation.” So, they backtracked.

The $2,500 fine has been part of PayPal’s terms of service since September 20, 2021, at the latest — and it still remains.
Surprise! Fines Have Been on the Books for a Year Already
Unbeknownst to many, the $2,500 fine has actually been part of PayPal’s terms of service since September 20, 2021, at the latest — and it still remains. What!? Yes.

Here’s the deal: PayPal is not removing the possibility of robbing you of $2,500. The supposed “mistake” in language was the addition of “misinformation” as a fineable offense to an already existing policy that says they can issue fines of up to $2,500 for noncompliance with its use policy. In other words, they merely delayed the implementation of fines for misinformation specifically. Tech Dirt explains:18

“... PayPal’s Acceptable Use Policy already includes a claim that if you violate its policy they can take $2,500 from your account. While PayPal walked back some of these newly announced changes (we’ll get to that in a second), the policy about the $2,500 has existed for at least a year.

Here’s the policy I just grabbed from their website, showing it was last updated on September 20, 2021, with the $2,500 ‘liquidated damages’ clause in there:



... Lots of sites reported that PayPal had retracted its plan to fine people $2,500 for misinformation, but the $2,500 amount is still in the policy. It’s just that the misinformation part is not going live — yet.

Of course, this raises another question: if the $2,500 liquidated damages thing has been in there since at least 2021… has PayPal ever actually done that? ... The fact that the $2,500 damages clause is still in the PayPal policy today still seems like a pretty big deal.

Hiding the fact that a company might take $2,500 from you by burying it in an acceptable use policy no one is going to read seems like not a great thing, whether or not the policy includes ‘misinformation’ as a triggering event.”

PayPal Reverses Course Again — Fines Are Back
But the story doesn’t end there. After backing off its thought police policies for a short while, PayPal turned around and doubled down on them October 27, 2022. As reported by The Gateway Pundit:19

“Paypal’s policy of charging $2,500 for spreading ‘inaccurate or misleading information’ has been reinstated as outlined in the Restricted Activities under the User Agreement ...

Starting November 3, 2022, PayPal is expanding the existing list of prohibited activities to include the sending, posting, or publication of messages, content, or materials under its 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 from your PayPal account(s) as outlined in the User Agreement,’ said PayPal.

Users will be subject to a financial penalty if they violate the revised policy in any way, including by spreading false information, engaging in discrimination against the LGBTQ community, posing a risk to user safety, and so on ... They just lied to you. PayPal is not to be trusted.”

Don’t Wait, Ditch PayPal Today
Do you really want to entrust your money to an activist organization intent on stealing your funds at the first opportune moment? I cannot encourage you strongly enough to ditch PayPal.

They have repeatedly proven they are against Constitutional rights and are willing to use their leverage in people’s lives to impose their own anti-American, anti-Constitutional and anti-humanitarian ideologies.

Understand that by using them, you’re supporting all of those things as well. Furthermore, make no mistake, PayPal is part of the blossoming social credit system,20 and that must be nipped in the bud, sooner rather than later.

Call on Lawmakers to Take Action
Getting out of PayPal as quickly as possible is not enough. As noted by Revolver news, we also need to call on lawmakers to step in and make sure PayPal and other banking and financial transaction services can never implement theft of users’ funds based on ideological differences:21

“Don’t be fooled by PayPal’s fakeout. The company wants your money, and it wants wokeness, and it’s planning on how to take both. And unless it is punished quickly, other banks will look to do the same thing ...

Saturday afternoon, just a day after the planned changes broke, PayPal walked everything back, pathetically suggesting that the changes to its terms of service were the product of a typo. ‘Oops! Sorry about the mistake! Now please move along and stop asking questions.’

Obviously, only an idiot would believe this. Friday’s leaked policies were no stray typo, but the product of substantial work. And there was nothing shocking about them. For years, PayPal has increasingly let political priorities override neutral business practices ...

PayPal trying to outright steal the money of non-woke users is just the rational culmination of the company’s priorities. This time, at least, some shouting on Twitter was able to reverse the policy before it began. But there is no reason to let things stop there.

Lawmakers and regulators should act immediately make sure PayPal can never consider reimposing such a policy ... This isn’t just about PayPal. PayPal’s justification for confiscating its users’ assets could likely be copied by any bank with sufficient political motivation. And according to one notable finance and tech investor ... there are ‘high odds’ other banks will adopt similar policies sooner rather than later ...

Fortunately, the fix is easy. There are a whole raft of laws that any state can pass right now to protect their citizens from unjust monetary seizures or financial deplatforming:

Decree that no person’s account may be frozen or forcibly closed absent evidence of an actual crime.
Ban any predefined fines in excess of some nominal amount (such at $40) suitable for covering things like overdraft fees.
For any larger amount, a company must sue in court for damages.
Legally clarify — and have state regulators issue guidance — that ‘reputational’ risk-management frameworks for financial institutions should, as a matter of policy, consider only the reputation for solvency.
Not ‘environmental,’ ‘social,’ or political matters.
Prohibit banks from collecting any liquidated damages for so-called reputational harm.”
Financial Institutions Must Act as Servants
The Washington Examiner has expressed the same ideas, stating:22

“A congressional investigation of PayPal is in order ... Companies that handle other people's money should not be permitted to use their position to steal or to leverage the personal freedom of their clients. Much like government, they are supposed to be the servants and not masters of their customers.

Before PayPal and other companies attempt to establish some kind of unaccountable social credit system, they should worry about the reputational harm they will cause to themselves when they get caught.”

Deseret News has also published an article23 discussing the need for new laws. “Access to the financial system regardless of one’s views is a human-rights issue for our time,” Deseret writer Valerie Hudson wrote. In March 2021, Sen. Kevin Cramer introduced the Fair Access to Banking Act24 (S563), which could act as a foundation upon which to build further. As noted by Hudson:

“The proposed Fair Access to Banking Act is a good start, but in light of PayPal’s antics, this legislation should be strengthened and prioritized. In the United States, your life should not be held hostage by financial organizations on the basis of your political viewpoints, period.”

A Foreshadowing of a Future Hell
PayPal’s tactics foreshadow what we can expect from a central bank digital currency (CBDC). As noted by The Hill,25 “PayPal just gave America an eerie glimpse into the future.” So, we not only need legislation to prevent social engineering by the likes of PayPal, we also need laws to prevent the future use of CBDCs as a tool for mass control — which is precisely their intended function.

If we can get our representatives to understand the stakes, we could nip that preplanned tyranny in the bud. Combined with a social credit system, CBDCs will be like PayPal at its most egregious, on steroids.

A CBDC will have the ability to control where and when you spend every dime. It will also have the ability to automatically withdraw taxes and fines for crimethink and unapproved behavior. To understand what awaits us in the West, all you have to do is look at the Chinese social credit system,26 and how it controls people through a combination of financial, social and physical threats.

CBDCs can also be preprogrammed by the issuer to restrict how the currency is used by the receiver from the get-go. Discrimination and wrecking of lives for the purpose of quelling dissenting ideologies are a given under such a system.

Anyone who wants their children to grow up free have a duty to resist this financial reset, and that includes not using platforms like PayPal, which promises censorship rather than freedom. Getting laws on the books ahead of time could also go a long way toward minimizing the number of martyrs required to keep ultimate tyranny at bay."


Sources and References
1, 14, 18 Tech Dirt October 11, 2022
2 Telegraph October 16, 2022
3 Coindesk May 23, 2022
4, 7, 9 Taibbi Substack May 3, 2022
5, 11, 21 Revolver October 10, 2022
6 Fox Business September 21, 2022
8 Breitbart September 23, 2022
10, 15 Fortune magazine October 10, 2022 (Archived)
12, 22 Washington Examiner October 17, 2022
13 Daily Wire October 7, 2022
16 Forbes October 17, 2022
17 Daily Wire October 8, 2022
19 Gateway Pundit October 27, 2022
20 Newsweek October 17, 2022
23 Deseret News October 10, 2022
24 S.563 Fair Access to Banking Act
25 The Hill October 12, 2022
26 Yahoo! News October 5, 2022