PayPal says it ‘Never Intended’ to Fine Customers $2,500 for ‘Misinformation’

Last week, PayPal published a policy update allowing the company to fine users who risk the well-being of others, or "spread misinformation," as identified by PayPal Holdings Inc. The new policy was supposed to take effect starting November 3 and permitted PayPal to take up to $2,500 from users’ accounts.