Adding to that their plans to engage in fining people for misinformation [1][2] They back-peddled but I would not be surprised to see them take another stab at it.

[1] - https://www.forbes.com/sites/emilymason/2022/10/27/after-pay...

[2] - https://jolt.law.harvard.edu/digest/paypals-misinformation-f...

I would put "misinformation" into quotes, because iirc the policy was written so vaguely that it basically allowed them to fine you for whatever they disagreed with.

Agreed, I should have caught that. [Fixed]

That is one of the reasons I terminated my account of 20 years without hesitation.

Isnt that what misinformation always means?

No. Some organisations go to great lengths to try to narrow down what counts as "misinformation". But it's tricky: the campaigns they're trying to protect against are usually politically-motivated, and international regional politics is a fast-changing field, and any policy you put in place will be immediately gamed.

It's like SEO, but with more lying.

And it's been the threat for 20 years.

Wayback Machine (May 23, 2003): https://web.archive.org/web/20030523125359/http://paypalsuck...

They also like to suspend funds when they want or when it benefits them.

This is their entire business model. The service they offer is predicated on aggressive fraud detection with lots of false positives.

Don’t use PayPal if this doesn’t sound appealing.

I have heard this has happened so many times that I'm curious they consider terminated accounts as a source of revenue.

Yup, and all because they are (and always have been) “not a bank” — just a tech company that you deposit your money into, who makes loans and investments with that money, and provides services to help you move that money around. It’s completely different, see?

In Europe they are a bank:

https://www.finextra.com/newsarticle/16927/paypal-gets-banki...

interesting. they’ll block your account just as easily

Meanwhile I’ve been trying to get them to close my account for over a year after they allowed fraud to occur and still tried to make me pay up even though my credit card deemed it fraud as well.