So everyone has been freaking out over the paypal updated tos right? 2,500$ dollar fine! O'my!
Do not get hysterical.
Its not what you think, as kerucchi.deviantart.com/ so kindly explained in their comment here: comments.deviantart.com/14/521…
It is only if you use paypal for illegal services such as selling of drugs or contraband.
This fine is not if you send an artist a gift as a payment instead of goods and services. Yes, it is best to send as good and services and yes it is against the TOS to ask for the fees but at most that will get an account suspension, not a 2,500$ fine.
Please guys, read for yourselves before spreading hysteria!
The actual quote from PayPal's TOS is: "If you violate the PayPal Acceptable Use Policy, then in addition to the above actions you will be liable to PayPal for the amount of PayPal's damages caused by your violation of the Acceptable Use Policy. You acknowledge and agree that $2,500.00 USD per violation of the Acceptable Use Policy is presently a reasonable minimum estimate of PayPal's actual damages considering all currently existing circumstances, including the relationship of the sum to the range of harm to PayPal that reasonably could be anticipated because, due to the nature of the violations of the Acceptable Use Policy, actual damages would be impractical or extremely difficult to calculate. PayPal may deduct such damages directly from any existing Balance in the offending Account or any other Account you control."
Basically, it says that if you violate the rules of PayPal's Acceptable Use Policy, then you'll be fined $2500 USD. Scary, right? WRONG. If you look at PayPal's Acceptable Use Policy, it says you may not use PayPal for any activities that "violate any law, statute, ordinance or regulation". It goes on to explain what that means, which is any activities that:
-break federal laws
-involve drugs, illegal activities, stolen goods, items that promote hate/violence, obscenities, copyrighted items, sexual objects or services, ammunition or firearms
-shares personal information, supports pyramid/ponzi schemes and other "get rich quick" schemes, selling things that don't yet belong to you
-involving or perpetuating fraud
-violates applicable laws or regulations regarding the lawful sale of tobacco products or prescription drugs and devices
-involve gambling, gaming, and/or any activity with an entry fee and prize
So basically, it ONLY applies to activities that are against the law! In fact, it goes on to say that there are exceptions, and there are ways to obtain approval for accepting payments for any of the above. They have an email that you can use to ask for approval, and then you can accept payment for these things (if approval is granted). This doesn't necessarily mean you will get approval, but it is definitely possible.
tl;dr, don't use paypal to sell illegal things and it'll all be peachy! Also don't spread misinformation because the internet is a shitstorm of mass hysteria and you will probably start the apocalypse, just saying
If you don't believe me, go read the exact terminology in the Acceptable Use Policy, linked below!
PayPal Acceptable Use Policy: www.paypal.com/us/webapps/mpp/…
Posted the comment just encase the poll it was posted on gets deleted later. All the hardwork goes to kerucchi