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Pretty sure they rolled back on that change...
It felt like a trial balloon that was floated. If there weren't a ton of people that cancelled their PayPal accounts and raised lots of criticism about this, PayPal probably wouldn't have reversed course.

Still, while this policy was resisted today, I'm sure it will come back in a different form somewhere.

Since I don't need Paypal as a seller on Ebay, I haven't used it in years
Cancelled my 13 year old PayPal because of this.

This is a joke of a company, accelerating its own death.