Meh, I like your logic Moonypond, but I still prefer castration
EDITED for slightly more usefulness: Actually, I think contacting PayPal is probably the easiest, fastest and ultimately more effective way to go. He's obviously offerring the service for the sake of pennies, not for the love of the games, so he I doubt he would continue his "service" if he can't money grub any more.
Has anyone contacted PayPal yet? If not I'll go get my special patented Strongly Worded Email to send off to PP.