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PayPal Levies Fines Against Porn, Gambling

Time to stop using Paypal?

Quote:

Online payment processor PayPal announced plans to levy steep fines against customers who use its services for transactions related to porn or Internet gambling.
PayPal distanced itself from the porn and gambling industries shortly after it was acquired by eBay in 2002, although its newest stand is angled more directly at consumers and businesses who have ignored earlier warnings to find alternate payment processing services.

The eBay subsidiary stated that it would begin imposing fines against individuals for up to $500 for all gambling and porn, in addition to the buying and selling of non-certified prescription drugs.

Critics are saying that PayPal's recent mandate is the direct result of pressure from regulators who are increasingly putting the pinch on large credit card companies to distance themselves from the porn and gambling industries.

"What you're seeing here is an evolution of our program," a PayPal spokesperson said. "We're trying to deter people who would offer PayPal as a way to pay for anything in these categories."

PayPal's new levy takes effect on Sept. 24, the company said. This is the first time PayPal has imposed fines against buyers and sellers who misuse its service.

In the past, PayPal reportedly reaped in huge profits from porn and gambling transactions. At one point in its financial history, gambling transactions accounted for 10 percent of its overall revenue.

A PayPal spokesperson said that the fines would be applied on a per-violation basis and that PayPal would pursue legal action against those who do not remit fines in a timely manner.

Paypal was built on the porn slingers back. Now they just want more of that money.

Heard about that.
Bad news for everyone who still uses PP for related practices, but I'm sure quite a few people have made the transition to EP by now

Fines??? I thought fines were brought forth by lawful authorities.. not some payment processor..

It amazes me that 18 months after telling porn to leave people still ask me if I take Paypal.

How the fuck can they fine me anything? bah

If you aren't smart enough to be discreet,ie: mention anything to do with adult in transaction details ,then don't be surprised

Quote:

Originally posted by spunky1
If you aren't smart enough to be discreet,ie: mention anything to do with adult in transaction details ,then don't be surprised

And leave yourself open to be fines or blackmailed. Smart move.

The big problem with them is that even if they decide to say that youy use it for that, they will. And at the very least tie up your money for a while, until you prove them wrong.

Like when they froze everyones account, and said that it was due to suspicious activity.

Damn, another headache on 9/24...

How can paypal 'fine' anyone?

Quote:

Originally posted by LiveDose
Damn, another headache on 9/24...

Yeah, what is that the new holiday "I hate Porn Day" :(

Quote:

Originally posted by The Heron
How the fuck can they fine me anything? bah

I'd suggest looking at the terms and conditions closely, and then checking to see what current credit card or banking information they have in your account.

IF you agreed to payment processor fines in your t and c's, just like everyone with a merchant account MUST do in order to get their account activated, then they have a legitimate claim perhaps.

This would apply to business accounts WAY more than personal accounts.

such shit happens when a women becomes CEO of a big company.

epassporte is really the industry standard now, although I still use PayPal for some things

How the fuck am I going to be able to sell Swedish-made penis enlargers on eBay if I can't use Paypal?

Quote:

Originally posted by AmateurFlix
How can paypal 'fine' anyone?

They have rules just the same as anyone else. If Blockbuster can fine you late fees, I'm sure Paypal can get away with some shit too.

i just got my paypal taken away, and i feel sorry for my friend, who i sent money to her ebay account who only uses it for ebay. she got hers taken away for adult transactions. so i feel guilty.

:/