907
submitted 4 days ago* (last edited 2 days ago) by malloc@lemmy.world to c/youshouldknow@lemmy.world

Amendments to the PayPal Privacy Statement Effective November 27, 2024:

We are updating our Privacy Statement to explain how, starting early Summer 2025, we will share information to help improve your shopping experience and make it more personalized for you. The key update to the Privacy Statement explains how we will share information with merchants to personalize your shopping experience and recommend our services to you. Personal information we disclose includes, for example, products, preferences, sizes, and styles we think you’ll like. Information gathered about you after the effective date of our updated Privacy Statement, November 27, 2024, will be shared with participating stores where you shop, unless you live in California, North Dakota, or Vermont. For PayPal customers in California, North Dakota, or Vermont, we’ll only share your information with those merchants if you tell us to do so. No matter where you live, you’ll always be able to exercise your right to opt out of this data sharing by updating your preference settings in your account under “Data and Privacy.”

edit: update title to reflect this is for PayPal USA users

you are viewing a single comment's thread
view the rest of the comments
[-] KnightontheSun@lemmy.world 5 points 3 days ago
[-] melroy@kbin.melroy.org 3 points 3 days ago

After facing backlash earlier this month, PayPal PYPL +1.9% rescinded a line in its policy stating that spreading misinformation on the platform would be subject to a $2,500 fine. Today, the remaining language leaves users and elected officials demanding more clarity over how the platform defines fine-worthy speech.

A part of PayPal’s user agreement that says any customer in violation of the platform’s “acceptable use” policy is subject to a $2,500 fine has been in place since at least 2013, according to the website’s archive. The fine had largely gone unnoticed until earlier this month when PayPal updated its acceptable use policy to state that messages which are “fraudulent, promote misinformation or are unlawful” are in violation of the policy and, by extension, subject to the fine. The “acceptable use” policy stated that determinations of which messages violated the policy would be made at “PayPal’s sole discretion.”

After drawing intense backlash from commentators stating that the policy could infringe upon free speech, the company rescinded the line in the policy citing misinformation and issued a statement saying it was posted in error on Monday, October 10. "PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy," a spokesperson for the company said. PayPal’s former president David Marcus was among dissenters, posting a tweet objecting to the policy update, which was amplified further when Elon Musk responded “Agreed.”

“PayPal’s new AUP goes against everything I believe in,” Marcus’ tweet reads. “A private company now gets to decide to take your money if you say something they disagree with. Insanity.”

The note about misinformation was removed from the acceptable use terms, but the $2,500 penalty for violations remains, causing continued concern.

PayPal’s website still lists “provide false, inaccurate or misleading information” under the “restricted activities” portion of its policy. Violating the “restricted activities” portion does not result automatically in the $2,500 fine that breaching the “acceptable use” agreement does, but it may still result in charges, account suspension or other punitive actions.

Unfortunately for PayPal, now that the $2,500 fine has landed in the public eye, it has fallen under close scrutiny. “Concerned about this language still in PayPal’s terms of service – it’s vague and seems like it could be weaponized to control speech,” Representative Tom Emmer (R - MN) wrote in a tweet on Thursday.

The ordeal has spurred a call for people to delete their PayPal accounts with #PayPalCancelled and #DeleteVenmo gaining momentum on Twitter. Where the policy finally lands may be especially relevant to PayPal’s Venmo, a peer-to-peer payments network with a social media feed where users share messages attached to their public transactions.

this post was submitted on 12 Oct 2024
907 points (99.8% liked)

You Should Know

32162 readers
36 users here now

YSK - for all the things that can make your life easier!

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)


Rule 1- All posts must begin with YSK.

All posts must begin with YSK. If you're a Mastodon user, then include YSK after @youshouldknow. This is a community to share tips and tricks that will help you improve your life.



Rule 2- Your post body text must include the reason "Why" YSK:

**In your post's text body, you must include the reason "Why" YSK: It’s helpful for readability, and informs readers about the importance of the content. **



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding non-YSK posts.

Provided it is about the community itself, you may post non-YSK posts using the [META] tag on your post title.



Rule 7- You can't harass or disturb other members.

If you harass or discriminate against any individual member, you will be removed.

If you are a member, sympathizer or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people and you were provably vocal about your hate, then you will be banned on sight.

For further explanation, clarification and feedback about this rule, you may follow this link.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



Rule 10- The majority of bots aren't allowed to participate here.

Unless included in our Whitelist for Bots, your bot will not be allowed to participate in this community. To have your bot whitelisted, please contact the moderators for a short review.



Partnered Communities:

You can view our partnered communities list by following this link. To partner with our community and be included, you are free to message the moderators or comment on a pinned post.

Community Moderation

For inquiry on becoming a moderator of this community, you may comment on the pinned post of the time, or simply shoot a message to the current moderators.

Credits

Our icon(masterpiece) was made by @clen15!

founded 1 year ago
MODERATORS