Not exactly, Ron. When I set up my Paypal account I used a Debit Card and my bank info. This was the basic free membership and I used it for years buying om eBay.
My first sale went to someone who tried to pay by Credit Card. I got a very short and polite letter from Paypal stating that if I wanted to close the sale I would need to upgrade to a Premium Account. So, if someone pays by credit card I am charged about 2% of the selling price as a fee. I figure that into my minimal selling price.
I don't understand what happened with SRS. I never had a sale pulled for offering Paypal before I upgraded to Premium.