I would agree, but the price is steep for no reason other than apparently to keep new players out, and there isn't any indication that the license, if acquired

I would agree, but the price is steep for no reason other than apparently to keep new players out, and there isn't any indication that the license, if acquired by e.g. Paypal, would do anything to curtail Paypal's abuses (they are a shitty company I agree).