Paypal Misinformation Policy: Many Users Delete App


PayPal mistakenly suggested users could be fined up to $2,500 for spreading incorrect information.

Financial World reported that Google searches for "delete PayPal" and "cancel PayPal" rose this week. 

The tech company was getting unfavorable comments regarding the revised agreement terms.

On Nov. 3, conservative news outlets reported that PayPal announced a new Acceptable Use Policy that bans "sending, posting, or publishing falsehoods."

PayPal quickly changed its mind and said the policy change was a mistake.

PayPal never intended to punish customers for providing inaccurate information. PayPal apologised for the confusion.

Twitter hashtags like #PayPalCancelled trended after the policy mistake. The company's shares fell after the policy change.

Elon Musk, Tesla's CEO, and David Marcus, PayPal's former president, criticized the policy online.

Marcus tweeted on Saturday that PayPal's new AUP goes against his beliefs. "Now a private firm can take your money if you offend them. Insanity.”