Cancelling PayPal Account tips.

Get Your Money Out Right Now’—Elon Musk And PayPal Mafia Lead ‘Insanity’ Backlash Against Shock Blunder That’s The ‘Best Thing’ To Ever Happen To Bitcoin And Crypto​

"An AUP (acceptable use policy) notice recently went out in error that included incorrect information," a PayPal spokesperson told reporters. "PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. Our teams are working to correct our policy pages. We’re sorry for the confusion this has caused."
However, the company’s change of direction only happened after members of the so-called PayPal mafia, former PayPal president David Marcus, founding chief operations officer David Sacks and cofounder Elon Musk, publically criticized the policy while the bitcoin and crypto community pointed to it as evidence of the need for decentralized, digital payment alternatives.

"It’s hard for me to openly criticize a company I used to love and gave so much to," Marcus, who now runs "bitcoin-focused" company Lightspark after failing to get Facebook's digital currency off the ground, posted to Twitter. "But PayPal's new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity."

"Agreed," Musk responded to Marcus, while Sacks, now a venture capitalist and cohost of the All In podcast, told PayPal users to "get your money out of PayPal right now."

‘Get Your Money Out Right Now’—Elon Musk And PayPal Mafia Lead ‘Insanity’ Backlash Against Shock Blunder That’s The ‘Best Thing’ To Ever Happen To Bitcoin And Crypto