PayPal says new policy’s $2,500 misinformation fine was a mistake

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PayPal says new policy’s $2,500 misinformation fine was a mistake
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The issue gained traction over the weekend after the company published policy updates prohibiting users from using the PayPal service for activities identified by the company as “the sending, posting, or publication of any messages, content, or materials” promoting misinformation.

PayPal Holdings Inc. said it has no intention of fining customers for spreading misinformation, after attracting criticism for publishing a new user agreement outlining such a plan.

“PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.”

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