(Via Chaos Manor)
I've been a PayPal customer since they were "little guys". I've watched their "eBayization" with only small concern. That may be changing due to this article on Reason.
Of course, you can and should evaluate things yourself. Here's their User Agreement. Pay particular attention to their Acceptable Use Policy. Word is that they are cracking down on sites such as Auction Arms, one of the Internet's biggest gun auction sites.
Time to go back to cashier's checks and money orders?