The problem with PayPal is that you have no recourse if you are wronged. They are not regulated like a bank, and the user agreement gives them the right to do whatever they want with your money.
In my case, I went to pay a friend $350 for helping take care of our Montana property. I selected the wrong friend from the drop down list on the website, and sent it to another friend.
No big deal, I'll cancel the transaction... Nope PayPal wouldn't let me cancel it, said I'd have to get my friend to refund the money... no biggie, I contact my friend, and he goes to refund my money... except it's not there. Paypal skimmed it to settle a dispute between my friend and another Paypal user.
Now if it were a bank, and they accidentally deposited funds into an overdrawn account, they would simply reverse the transaction, and that account would go back to being overdrawn. In this case, my funds were going directly to cover Paypal's expenses in the dispute, they refused to reverse the transaction. I spent dozens of hours arguing with "support", escalating to "managers" that would never call back.
I even contacted my state's Attorney General. Paypal lied to the AG, and the AG dropped it.
The bottom line is that as a Paypal/eBay member since 1999, I was out $350. And they would rather screw over a nearly 20 year customer for a measly $350 rather than reverse the transaction, and let my friends balance remain negative pending the outcome of his dispute.
In my mind I look at it this way... Say I was walking down the street, and dropped a hundred dollar bill.... My buddy reaches down to get it for me when someone else comes along and snatches it away from him, claiming that he (not I) owes them a hundred bucks. Now, they are not entitled to my money. Just because my buddy had possession of it temporarily, by mistake, does not make it his, and if it's not his, Paypal has no claim to *MY* money.
I never got it back. And I've never done a penny's worth of business on eBay or used Paypal since.
Now with that all being said, as a long time member, I'm happy to renew my membership and continue to support JKO, but I won't be using Paypal to do so.