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Bill Whittle Network

Not Your Pal: Could 'Misinformation, Intolerance and Hate' Get $2,500 Yanked from Your PayPal?

Bill Whittle Network

Bill Whittle Network

News

4.9720 Ratings

🗓️ 13 October 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

PayPal's new 'acceptable use policy' (AUP) gets rapidly retracted, and the online bank-ish claims it never intended to release it in the wild. But the purported mistake got yanked only after folks noticed that PayPal intends to fine you — by confiscating up to $2,500 from your account — for infractions of "misinformation, intolerance, and hate". Will this PR blunder keep their AUP in the company safe forever, or are they merely awaiting a more propitious moment to activate it, and start picking our pockets? Special thanks to Zo Rachel for sitting in for Bill Whittle this week. Right Angle is a production of our Members. Learn more at https://BillWhittle.com

Transcript

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0:00.0

When companies start acting like thugs, it's time to beat them back.

0:06.5

Don't you hate it when you log into PayPal and you discover that you've got $2,500 missing?

0:12.7

And don't you hate it even more?

0:14.8

When it turns out PayPal took it away because of something you said,

0:19.5

hasn't happened yet, it could hey everybody i'm

0:21.7

steve green with scott ot and so rachel fill it in for bill whittle this week on right

0:27.9

angle i was hitting the sauce at lunch today what do you want that's that funny and he's not even here

0:33.5

i can say his name however i want he doesn't watch these shows when he's not on him, right?

0:45.6

Okay. Folks, you might have heard that over the weekend, PayPal accidentally released a new, what do you call it, an acceptable use policy. That's the rules that PayPal users have to follow

0:51.9

to stay PayPal users in good standing.

1:03.5

And according to the new AUP, PayPal may deduct up to $2,500 from the accounts of users who spread misinformation.

1:04.8

Yeah.

1:11.5

Beginning November 3rd, the company will expand its list of prohibited activities, including the sending, posting,

1:18.6

or publication of any messages, content, or materials that promote misinformation or present a risk to user safety or well-being. Users can also be penalized for the promotion of hate,

1:24.9

violence, racial, or other forms of intolerance that is discriminatory.

1:31.2

And Scott, of course, PayPal walked all this back.

1:34.3

Well, they walked some of it back.

1:36.0

They walked the misinformation part back.

1:38.7

The rest, they apparently left standing.

1:42.9

When you've got unknown people at a giant company determining whether or not they

1:47.8

can just siphon funds out of your PayPal account, does that inspire confidence the way, say,

1:52.9

FDIC insurance helps you to trust your bank? Yeah, I would have just preferred to have a list of the

...

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