Yep, that's spot on for the reason auto payment is now made when an offer is accepted , sellers now do not wait for 4 days before cancelling and relisting.
You are also spot on for its many restrictions, one being that choice of payment.
It does need a review, but has been in place for a while, so me thinks a 'review' is a long way off comin' !🤔
@elliot7275