A decade ago I remember a friend who had a small business selling some niche collectors items. One day, he was scammed. The guy reported that the package was never delivered and, without even investigating, Paypal banned my friend's account and awarded the buyer their money back.
Paypal has always, and will always be a shit company. Charging people $2,500 for wrongthink is simply asinine. They must be betting BIG on either woke politics being mainstream for the long term, unbreakable bonds with their existing customers, or both. I can't even think of someone around me that uses paypal regularly.
I will be interested in reading the technical report on how they plan on implementing this because I'm sure it'll be silicon valley diarrhea. I am currently working out how to pay companies in a similar fashion to Paypal. I'm looking at Privacy.com but something is off about it to me for some reason. Once that is solved I'll get this ape off my back forever.
I wonder what happens if I just say "lol, not paying" to them. Would they put me in collections? It seems infeasible to even enforce this and it strikes me that clicking a button doesn't amount of a legal agreement.