What the Hell Happened to PayPal?
One by one, they go to start their business day only to find a baffling message from their payments app informing them: “You can no longer do business with PayPal.”
There is little or no explanation. They have somehow offended the sensibilities of someone somewhere deep inside the bureaucracy.
They are simply told via an email from PayPal’s Risk and Compliance Department that, after an internal review, “we decided to permanently limit your account as there was a change in your business model or your business model was considered risky.”
In case there is any doubt, the email adds: “You’ll not be able to conduct any further business using PayPal.”
Then, toward the bottom: “If you have funds in your PayPal balance, we’ll hold it for up to 180 days. After that period, we’ll email you with information on how to access your funds.”...
The people who founded PayPal—the so-called PayPal Mafia—include Peter Thiel, Elon Musk, David Sacks and Max Levchin. All are champions of free speech. All have expressed shock and dismay at what is happening to the company they created....
When they launched PayPal, in December 1998, the founders imagined themselves connecting people to the global economy by sidestepping the hefty fees charged by credit-card companies and the inflationary policies of poorly run governments....
But the company that was meant to liberate countless individuals is becoming something else.
Increasingly, it is becoming a police officer. It is deciding what is right and wrong, who gets to be heard, who is silenced. It is locking out of the financial system those people or brands that have slipped outside the parameters of acceptable discourse, those who threaten the consensus of the gatekeepers. ...
To make sure none of the haters fall through the cracks, PayPal has teamed up with the Anti-Defamation League (ADL) and Southern Poverty Law Center...
Related
Look for alternatives to PayPal. They will steal $2500 of your money on the pretext that you have the wrong opinions, Gateway Pundit, 1 November 2022.
PayPal’s Unholy Alliance With ADL Opens the Door to a Massive Security Breach, Revolver, 12 August 2021.