CDRInfo Forum CDRInfo Forum

Forums  Register  Login  My Profile  Inbox  Address Book  My Subscription  My Forums 

Photo Gallery  Member List  Search  Calendars  FAQ  Ticket List  Log Out

PayPal To Levy Fines For Gambling, Porn!   Logged in as: Guest
Viewers: 1283 You can click here to see Today's Posts | Most Active Topics | Posts Since Last Visit
  Printable Version
All Forums >> [News Around The Web] >> General Computing News >> PayPal To Levy Fines For Gambling, Porn! Page: [1]
Login
Message << Older Topic   Newer Topic >>
PayPal To Levy Fines For Gambling, Porn! - 9/11/2004 12:56:42 PM   
SiliconFreak


Posts: 12103
Joined: 7/4/2003
From: Melbourne, Victoria, AUS
Status: offline
PayPal, the online payments arm of eBay Inc. on Friday said it will soon fine people up to $500 for uses related to gambling, adult content or services, and buying or selling prescription drugs from noncertified sellers.

The new policy, which takes effect Sept. 24 and applies to both buyers and sellers, marks the first time PayPal has imposed fines for violations of its use policy, spokeswoman Amanda Pires said. In addition to fines that could be applied to each violation, PayPal may take legal action to recover losses in excess of the fines, Pires said in an interview.

PayPal processes transactions on the Net and at one time had received almost 10 percent of its revenue from online gambling. But it halted the practice under regulatory pressure after its acquisition by eBay in 2002 and now prohibits the processing of gambling and adult transactions. Now it has decided to enforce that policy with fines.

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


Source : Reuters
Post #: 1
RE: PayPal To Levy Fines For Gambling, Porn! - 9/12/2004 10:51:23 AM   
sp


Posts: 1371
Joined: 3/30/2003
From: Falkland Islands
Status: offline
PP has just started executing its monopoly power.
They tell us what is good for our health, mentality, etc, and they charge money for protecting us...
As if there is a moral weight on each transaction contributing to its estimated value...


_____________________________

WM # CI

(in reply to SiliconFreak)
Post #: 2
Page:   [1]
All Forums >> [News Around The Web] >> General Computing News >> PayPal To Levy Fines For Gambling, Porn! Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Forum Software © ASPPlayground.NET Advanced Edition 2.4.5 ANSI

0.016