After PayPal announced a $2,500 fine for "misinformation," they recently backtracked after receiving immense criticism from social media users, including one of the company's former leaders, Elon Musk.
According to the Daily Wire, which first reported the modification on Friday, PayPal's official penalties would have been given to those who "promote misinformation" or "present a risk to user safety or wellbeing."
On Nov. 3, the new policy was scheduled to begin, as stated in the report. Nevertheless, a company employee said the change had been published “in error,” according to Yahoo News' reports.
“An AUP notice recently went out in error that included incorrect information."
“PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy.
Many PayPal users reportedly dropped their accounts in the past few days, we'll see how this stunt hurts the company's pockets.