PayPal already is considered out of touch by the IT crowd (and many other crowds that are actually involved in the selling or payment gateway integration end of things beyond "put this HTML on your page and use the Buy Now button").

It's still widely used because everyone knows about them and they're well-established. It's often hard to talk clients out of using PayPal because the barrier to entry for setting up an account is so low, despite the arbitrary terms and the relatively high fees and limits.

This could potentially be a bid to impress the IT crowd, which would be a good move for them if they actually follow through (it certainly won't affect my view of them, but that hardly means anything).