[sophacles]

One of the "more at play" things I could imagine: I don't want my employer to know about how I choose to spend my money. It's not their business, and having my employer have such a detailed understanding of my personal life is not remotely desirable. It's like forcing employees to give social media access to you, but even more invasive.

[mgkimsal]

Excellent point - should have been a top-level response. If I worked at a bank, I might choose to keep my money there, but I might choose to bank somewhere else for any myriad reasons, and should not be punished for it. If I worked for Fidelity, I might want to keep an IRA with Vanguard - again, should not be punished.

For a CEO to not grasp the ramifications of having access to employees' financial records - or perhaps not caring - shows a disturbing side to this man. I would strongly suspect he doesn't use paypal for everything he purchases.