Yes, it is scary that they can play judge in that manner and decide to fine someone at their discretion. The communication they sent last week goes on to explain they have the right to decide what is "acceptable use," which goes on to elaborate on what it can include, listing all kinds of things that are none of their business. I wonder if this also means they will have or already have a dedicated department that tracks and gathers information on their clients from anywhere they may have posted online any type of statement they judge as deserving a fine. I understand the position they take on money laundering and other illegal financial transactions that put them at risk as a financial institution, but this broader scope of their power is unbelievable. And you must agree to their terms and conditions in order to keep your account open. What is to stop banks and other entities from following suit. Cash App will probably be next. I am now paranoid they are reading our posts here, lol. Here is a snippet from the email they sent out October 5, 2022:
Last updated on September 20, 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).
