PayPal backs down on misinformation fine.
(nitter.it)
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"sorry we accidentally put this out prematurely - see you again in 6 months when us, Visa, Mastercard Google, Youtube, the EU, the US Govt, etc, all put out the same thing together"
Visa and Mastercard don't have that authority. They are card issuers, not banks.
Didn't stop them from telling Patreon to kill Lauren Southern and Sargon's accounts.
I guess you missed this and the other instances like it: https://archive.ph/q0lfu
I wonder how this works with the "porn is a Jewish conspiracy" trash.
But yes, they can stop you having a card. They can't take possession of your money, because only the issuing bank has that authority.
They don't need to take possession of your money, they can just suspend your account or charge you a fee or something.