Recent Sale: PayPal’s Hostile Change in User Policy
Price $84.66 Recent Sale October 17, 2022
PayPal has been sold as its policy to confiscate users’ money for breaching its “Acceptable Use Policy” (AUP) is a breach of fiduciary responsibilities and trust. A payment network cannot hope to maintain acceptance and grow if it is claiming the ability to seize users’ funds. While PayPal has modified the policy slightly, they still have the ability to confiscate $2,500 for AUP violations. Even if this is reversed, the damage to PayPal’s reputation is irreversible in the near term and merchants will look for more trustworthy payment systems.