Definition
A software 'feature' that provides zero actual value, or worse, takes a previously free function and now charges you for the privilege of using what you already had.
Example Usage
Twitter's paid verification is such a panhandler feature—they're charging for basic security that should be free.
Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=panhandler%20feature&defid=17679304)
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See “panhandler feature” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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ggwp
Good Game Well-Played...