Statement by FIRE on Attempts by Venmo and PayPal to Deny Financial Services based on the Speech and Viewpoints of Users
FIRE Statement on Free Speech and Online Payment Processors Foundation for Individual Rights and Expression by FIRE (September 30, 2022):
The issue: Online payment processors like Venmo and PayPal often deny Americans access to these vital services based on their speech or viewpoints.
The concern: When these companies appoint themselves the arbiters of what speech and views are acceptable, shutting people and organizations out of the online financial ecosystem for wrongthink, they seriously undermine our culture of free expression.
Imagine you could no longer use PayPal, Venmo, or another online payment processor because you run an organization that defends free speech for controversial speakers, operate an independent media outlet that challenges mainstream narratives, sell erotic fiction or “occult” materials, or . . . tried to submit an article about Syrian refugees into a newspaper awards competition.
These are not hypotheticals. They’re real, and they illustrate why online payment service providers should stay out of the business of policing their users’ speech and views.
Follow the link for the entire article by FIRE. The article includes numerous examples of abuses by these financial services companies.