Payment Method Evolution

So I haven't sold equipment for a bit and went to list some cables only to discover that the only payment options now available on A'gon are credit card and Paypal....can this be correct? So, I have a Paypal account, which I rarely use and care very little about, so decided to list the wire and select Paypal as the method of payment. The A'gon system required me to upgrade to a "verified" account which requires me to enter information about my bank account. WTF? I have no interest in sharing this information with Paypal. Can it be true that in order to use A'gon I now need to jump through these invasive hoops?