Is Your Money Safe In PayPal? How The Platform Is Keeping Users' Money

Is Your Money Safe In PayPal? How The Platform Is Keeping Users' Money

Assessment

Interactive Video

Business, Social Studies

University

Hard

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FREE Resource

The video discusses PayPal's broad and sometimes vague terms of service, which allow the company to terminate accounts or freeze assets for various reasons, including suspected illegal activities or violations of laws. The lack of human oversight and the role of algorithms in account holds are highlighted, along with the influence of third parties on account actions. Experts call for clearer terms and better reporting of third-party requests. PayPal's response to a class action lawsuit is also mentioned, emphasizing the need for transparency and user rights in appealing account shutdowns.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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