This is true, a long long time ago I linked my Paypal account with Yodlee just to view balances (it would poll my balances at automatic intervals) and PayPal limited my account for "unauthorized third-party activity" or something to that effect.
Now that account aggregators like Mint/Yodlee are more common, I'm sure they worked out a deal with Paypal. But automated login activity is still scrutinized.
This happened 10+ years ago and I don't think there was an activity fee back then.
But the account limitation was removed fairly quickly. Basically I got an automated or template message telling me to change my password and keep it secure. Shortly after I changed my password, the limitation was removed.
2FA is essentially a time encoded using a secret known to you. It's an alternative to using a private key, it's just lest confusing to non technical people.
You basically can read the QR code, get the secret and use it to programmatically generate the token every time you need it.
Notifications to inactive accounts begins 15 November 2021 and advise simple actions to take before 15 December 2021 to avoid the fee:
- Log-in to your account; or
- Shop wherever PayPal is accepted; or
- Send money to friends & family, or vendors for goods & services; or
- Withdraw money from your account; or
- Donate to a charity with your account