If you buy a Playboy with your paypal debit card – PayPal might steal $500 from you.
By Lisa Baertlein
SAN FRANCISCO (Reuters) – 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.