PayPal backs down on misinformation fine.
(nitter.it)
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Probably realised it could be used against TERFs.
Nah, businesses across the board were willing to drop out instantly. Regardless of their stance, that much loss of business is a threat due to the potential to start competition and give them enough income to actually be viable. As it stands, Paypal has a captured market, and they don't want to abandon that.