patrick.net

Yes, but do many merchants take Gab Pay?

https://www.dailywire.com/news/paypals-scheme-to-sanction-users-for-misinformation-tied-to-chinese-contractor

PayPal’s Scheme To Sanction Users For ‘Misinformation’ Tied To Chinese Contractor
By Luke Rosiak

Oct 17, 2022

A PayPal worker based in China was the apparent author of a since-rescinded legal document that said the company could deduct thousands of dollars directly from people’s accounts if it deemed that they engaged in “misinformation.”

Metadata on the PDF file outlining PayPal’s Acceptable Use Policy, which outlines a scenario more fitting for the Communist foreign nation, says it was created using Microsoft Word by a contractor in China.

The contractor’s profile on an internal PayPal directory, a screenshot of which was reviewed by The Daily Wire, describes them as an “outsourced vendor” based in Beijing. It said the contractor has been with the company since September 2020, and has no profile photo.

PayPal did not respond to questions from The Daily Wire about the origins of the document.

The metadata for the “acceptableuse-full-110322.pdf” policy, which said it would go into effect on November 3, 2022 — days before the U.S. election — says it was created on September 21, leaving plenty of time for internal review before it was posted.

It said it was expanding its “existing list of prohibited activities” to include “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.” It said violations of the policy could result in the removal of $2,500 per offense “debited directly from your PayPal account.”

With “misinformation” and “wellbeing” left to be defined by PayPal, the policy appeared to raise the specter of the seizure of assets of those with political opinions different than the company’s. The company recently sanctioned groups including Gays Against Groomers, which opposes the sexualization of children. Former PayPal President David Marcus said the policy update “goes against everything I believe in.”

After news of the policy broke, outrage ensued and the company’s stock price plunged, reducing its market cap by $6 billion as users feared that entrusting PayPal with their money could lead to it being seized at any time for having opinions that differed from those of the Silicon Valley monolith.

The company claimed October 8 that publishing the policy was an accident, ironically claiming its own policy contained misinformation. “An [Accepted Use Policy] notice recently went out in error that included incorrect information,” a PayPal spokesperson said. “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.”

It did not explain how an entire document full of specific legal language could have been drafted and posted to its corporate website if people in the company did not believe in the policy. The website reverted to a policy that says it is effective as of September 19, 2022. Metadata on that file says it was created by the contractor on August 4.

PayPal is hiding hard here. I'm not an idiot to believe their stories, because in corporate every legal jargon gets approved by several layers, not just written by some contractor. So these guys are selling rumors right now.

https://www.paypal.com/us/webapps/mpp/ua/useragreement-full yep still there, the outcry wasn't big enough, they don't care. Ctrl+F to find 2,500

https://www.thegatewaypundit.com/2022/10/breaking-paypal-reinstated-policy-fine-users-2500-directly-accounts-spread-misinformation/

After major backlash, PayPal reversed course and said they would not be fining people $2,500 for spreading ‘misinformation.’

A spokesperson said the policy went out in error and the company would not be fining people for misinformation.

“An AUP 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. Our team is working to correct our policy pages. We’re sorry for the confusion this has caused,” PayPal said in an email.

They just lied to you. PayPal is not to be trusted.

ICYMI – PayPal has reinstated its $2,500 fine for “misinformation.”

— Disclose.tv (@disclosetv) October 27, 2022

https://boriquagato.substack.com/p/kitten-corner-pay-your-pals

https://www.paypal.com/us/legalhub/acceptableuse-full
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).
...
Restricted Activities
In connection with your use of our websites, your PayPal account, the PayPal services, or in the course of your interactions with PayPal, other PayPal customers, or third parties, you must not:

Breach this user agreement, the PayPal Acceptable Use Policy, the Commercial Entity Agreements (if they apply to you), the PayPal Balance Terms and Conditions (if it applies to you), or any other agreement between you and PayPal;
Violate any law, statute, ordinance, or regulation (for example, those governing financial services, consumer protections, unfair competition, anti-discrimination or false advertising);
Infringe PayPal’s or any third party’s copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy;
Sell counterfeit goods;
Act in a manner that is defamatory, trade libelous, threatening or harassing;
Provide false, inaccurate or misleading information;
Send or receive what we reasonably believe to be potentially fraudulent funds;
Refuse to cooperate in an investigation or provide confirmation of your identity or any information you provide to us;
Attempt to double dip during the course of a dispute by receiving or attempting to receive funds from both PayPal and the seller, bank or card issuer for the same transaction;
Control an account that is linked to another account that has engaged in any of these restricted activities;

Zelle is definitely an alternative for sending money to someone. Transactions are not reversible.

EBGuy says

Zelle is definitely an alternative for sending money to someone. Transactions are not reversible.

its owned by chase, chase is cancel culture

FortwayeAsFuckJoeBiden says

its owned by chase, chase is cancel culture

Zelle is owned by seven of the largest banks.

JPMorgan Chase cut ties with Kanye West BEFORE his anti-Semitic rant on Instagram - and letter was sent to him last month after he claimed he would stop banking with them, railed against Yeezy partnerships with Gap and Adidas
In reality, the letter arrived shortly after West gave an interview to CNBC, in which he claimed he was mulling taking his business elsewhere, according to the Daily Beast.
'I'm moving my money over from JPMorgan over to Bank of America, possibly, because I go and move $140 million over to JPMorgan and [CEO] Jamie Dimon never calls me,' West said at the time.
'I find out Jing Ulrich is one of the heads of the board at Adidas and one of the heads of the board at JPMorgan, and they already treat me a certain way at Adidas. It doesn’t matter how much money you move over there,' he added.

See also, Chase Bank apologizes for Michael Flynn credit card cancellation letter sent in 'error'

What is everyone using instead of paypal?

Dudes, I went to kill my Paypal account, and they made me call in, then they said they didn't have enough agents, and terminated the call.

AmericanKulak says

Dudes, I went to kill my Paypal account, and they made me call in, then they said they didn't have enough agents, and terminated the call.

Just delete your bank account from there and they can't touch you

EBGuy says

Zelle is definitely an alternative for sending money to someone. Transactions are not reversible.

Zelle has blocked shitload of my money "for security reasons" and made me jump through ridiculous hoops like visiting bank office THREE FUCKING TIMES and bringing TWO FORMS OF GOVT-ISSUED ID until the issue was resolved and my money returned to me. And I wasn't even sending it to somebody else - I was using it to transfer money between my own accounts because I needed it fast. NEVER AGAIN.

Hugh_Mongous says

Zelle has blocked shitload of my money "for security reasons"

Interesting.... these are the limits for Zelle at Wells Fargo: Transfers to established recipients from a Wells Fargo Bank Funding Account may be made up to a daily dollar limit of $3,500 and a 30-day rolling dollar limit of $20,000. Higher limits may apply in certain transactions or if you are using a Funding Account from Premier Checking, Wells Fargo Advisors, or The Private Bank.

Glad I dumped Paypal long ago.

EBGuy says

Hugh_Mongous says

Zelle has blocked shitload of my money "for security reasons"

Interesting.... these are the limits for Zelle at Wells Fargo: Transfers to established recipients from a Wells Fargo Bank Funding Account may be made up to a daily dollar limit of $3,500 and a 30-day rolling dollar limit of $20,000. Higher limits may apply in certain transactions or if you are using a Funding Account from Premier Checking, Wells Fargo Advisors, or The Private Bank.

It wasn't limits. I was slightly below daily/monthly threshold. They actually never explained what it was that triggered the shitshow - just offered some vague "abundance of caution" BS.

What if the real motivation for the fine is a simple money-grab? What if the company has been "investing" client deposits/balances and those "investments" have been experiencing negative returns (e.g. bonds of all kinds this year), and the "bank" just needs money to fill the hole in its books.