Oh I see the humor in it and I too am entertained, but I think it's a strange attitude to take in a paid product. This seems like more the territory of "optional donations accepted".
Just think, if this were a larger company doing this, they would be absolutely crucified for deceiving customers by hiding critical info in tiny text or TOSes that nobody reads.
And FWIW, I haven't actually tried paying yet, but if IMGZ is handling any actual payments info, a clever TOS that says "we don't make any promises about your privacy" won't protect you from fun legal action if that info is ever breached (though I'd guess and really hope that Stavros is using some payments provider like Stripe or Paypal).