PayPal, an international payment platfrom has rescinded its earlier privacy policy on fines for misinformation claiming it was an error. The organisation had released an updated company’s policy earlier and had stated in the release that it will begin to fine customer for misinformation, and each violation will attract a fine of $2,500. Updated language has been released for the new company’s policy saying it will prevent users from using PayPal for activities such as “sending or posting any messages, content or materials” that promote misinformation.
The new policy was said to start on November 2, 2022, and nearly $3,000 in fines would be issued for each violation. The company later retracted this policy update, saying that it was never meant to be released. The patrons however are wondering why such a thought would ever cross the mind of a payment platform and what is the yardstick for measuring misinformation and who dictates the right information from the wrong.
