PayPal To Pay $7.7M Fine Over US Sanctions

It would've been hilarious if, in addition to the fine, the US Treasury Department froze all of PayPal's accounts and then refused to answer any of the company's complaints for 180 days. big grin

On Wednesday, the online payment service agreed to pay the fine after reaching a settlement with the US Treasury Department. The fine was levied against PayPal based on nearly 500 transactions totaling about $44,000 that potentially violated US sanctions, the Treasury Department said. As part of the settlement, PayPal did not admit to wrongdoing.