I read that with pursed lips.

If its in Australia they would be directly answerable to AFCA not through Adyen. Which is better. Besides customer service being bad & the signup process managed payments has been fine in my books

essentially a PayPal for ebay? i'm guessing they hope less will withdraw funds and use them on other purchases. 

i too am happy with managed payments now and can't even imagine the pain it would require to get on board this system should it come here. especially, when paypal effectively does the same thing. they just want a bigger piece of the pie.