PayPal's bans are a form of censorship
People wonder why I am so pro-crypto. This story is one example of that. We often look to social media platforms like Facebook and Twitter when we think about censorship. However, preventing a company from collecting payments due to something they said online is a way of censoring behind the scenes. Get rid of banks; get rid of payments processors. Then you won't be susceptible to this kind of censorship. If your business accepts payment in #Bitcoin or other #cryptocurrencies, then you can become more resilient to this in the future.
PayPal's purported content-based bans raise additional concerns about Big Tech's control over free speech, a digital privacy advocate told Fox News.
"For a decade I've been watching content moderation at the platform level go terribly awry," Corynne McSherry, the legal director at the Electronic Frontier Foundation, a digital rights group, told Fox News. "Now, more and more we're watching the same problems … in other parts of the internet stack."
"It's not just PayPal," McSherry continued. "Several of the major payment processors have been playing an increasing role in policing online speech."
Numerous users have said PayPal temporarily suspended their accounts over their content, resulting in lost income, McSherry told Fox News. Critics have also accused PayPal of censoring conservative-leaning organizations without reason and scrutinized the tech company for working with the Southern Poverty Law Center in 2019.
PayPal, for example, suspended two U.K.-based organizations — the Free Speech Union, a free speech advocacy group, and The Daily Sceptic, a news platform started to publish stories critical of the COVID-19 lockdowns — in September 2022, which removed their access to funding. The accounts were reinstated two weeks later, but the founder and director of the organizations, Toby Young, told The Telegraph that "PayPal’s software was embedded in all our payment systems, so the sudden closure of our accounts was an existential threat."
"When they make decisions about whether they're going to process payments for you, that can mean that your business is going under," McSherry said. "That can mean that you will not survive because there's no money coming in."
Young's personal account was also suspended and then reinstated. PayPal said the accounts violated its user policy but didn't provide detail, and the Free Speech Union said it received no prior warnings. The payment platform has also said the First Amendment allows it to restrict accounts for any reason at any time.
PayPal co-founder Peter Thiel told The Free Press in December "if the online forms of your money are frozen, that’s like destroying people economically, limiting their ability to exercise their political voice."
And if businesses get removed during fundraising months, it could put them at risk of losing huge sums of cash, McSherry said.
Read the full article at the link below.
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LINK:
https://www.foxnews.com/us/paypals-bans-form-censorship-put-businesses-risk-digital-privacy-advocate-says
