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Delete Paypal Financial | Censorship Part 1

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First published at 16:08 UTC on June 11th, 2021.

The Hated One

The_HatedOne_

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PayPal has one of the worst reputations in the world and its centralized business model poses a threat to all users.
Support me through Patreon: https://www.patreon.com/thehatedone
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Monero:
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0x6aD936198f8758279C2C153f84C379a35865FE0F

Companies that handle your money have a responsibility to their shareholders. They need to pay out dividends and increase share prices, otherwise investors might bail. Serving customers neutrally is risky, because at least some of them might use their service in ways that produce really bad PR.

PayPal’s terms of service redefines what money means. Its narrow acceptable use policy makes money function as a permissioned tender. You cannot use your funds however you want. PayPal has a broad definition for which payments require pre-approval and which ones are not allowed at all. It isn’t the only financial company susceptible to the failures of centralization, but it’s a perfect case study for why you shouldn’t trust any single authority when it comes to your money.

Sources
PayPal sucks https://www.trustpilot.com/review/www.paypal.com
PayPal's acceptable use policy https://www.paypal.com/en/webapps/mpp/ua/acceptableuse-full

Ridiculous examples of PayPal financial censorship
Tardigrade
https://news.bitcoin.com/the-moss-piglet-dilemma-paypal-bans-payments-to-merchants-using-the-word-tardigrade/
https://twitter.com/c/ArchieMcPhee/status/1304434532293046272
https://www.geekwire.com/2020/weird-seattle-retailer-archie-mcphee-hit-even-weirder-paypal-security-glitch/
https://twitter.com/princessmlokhia/status/1394399401263632384
Cancelled without explanation
https://mises.org/power-market/paypal-censorship-not-limited-online-provocateurs
https://puntofisso.medium.com/paypal-closed-my-account-with-no-explanation-it-could-happen-to-you-6ff0ba4ea95f
https://twitter.co..

LESS