PayPal reinstates $2,500 fine for users who spread misinformation

American multinational PayPal has reinstated a fine of $2,500 if any user is caught spreading misinformation.

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The payment giant added terms and conditions giving the platform permission to withdraw $2,500 from user accounts.

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The instances of remittance include situations where the company believes that the user promoted "misinformation”.

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This will include instances where users post, publish and send any content that is "harmful, obscene, harassing or objectionable".

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The new prohibited-speech policy is set to start on November 3.

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PayPal closed down the accounts of the Free Speech Union a few weeks ago.

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PayPal has made a net worth of $109.9 billion so far in 2022.

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In 2019, the company reported total annual revenue of $17.772 billion with earnings of $2.459 billion.

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