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If you have a merchant account on PayPal, or before you get one, I would advise going to this site. It discusses the problems with paypal in good detail. I am in the process of setting up a merchant account, and the kinds of things they do are rediculous. There's a class action lawsuit currently against them. They have a great system if you're looking to pay for an item, but if you're selling one, watch out.

Because even people who have no intention of defrauding the system have had their PayPal account frozen and balance confiscated. Read some of the stories on NoPayPal.com.

Paypal does not accept credit cards from many international countries, in fact.
Also if you don't have a credit card you have to have an account in a US bank, so it's even more US oriented.

Also see NoPaypal.com for information on Paypal's activities which put your credit card and bank accounts at risk...

Paypal is committing fraud and just closing users'
accounts: see nopaypal.com

Do your research. I never donate if it's a paypal tip jar because of things like this and this. Paypal based donations are a disaster waiting to happen.

There can't be that many people who think that PayPal sucks!

PayPal, while secure, isn't exactly cheap. While it's quick and secure, if you use credit cards and direct deposit. The fees for transfering funds are outrageous. I think PayPal starts to make up for it through the services they provide that are similar to any other bank.

They don't tell you this in big bold unambiguous neon letters, but Paypal is not a bank. If they were a bank they would be regulated like a bank. They would have to adhere to reasonable consumer protection laws. They would be better equipped to handle fraud, and the accountholders would also be insured. As it stands now, Paypal is just a company that shuffles money around for you...sometimes.

If you've ever read the T&C's you'll see that they have a great deal of freedom to do whatever they want with your paypal account and any bank/credit card accounts that are associated with it. If you've ever read Paypalsucks (you can also get to it at www.nopaypal.com if your firewall is picky) you can see that they often do just that. If you have $1000 in your Paypal account and someone disputes a $10 charge from your account Paypal will confiscate all of the money in your account, no questions asked (and no due process given, either). Do you think that a bank could get away with that? It is a very dangerous misconception that Paypal is a bank, one that Paypal tried very hard not to undermine.

Many of the low UIDs are currently assigned :^).
It will be interesting to see the new format, though, hopefully it won't be too obtrusive. I refuse to set up a PayPal account, though..

Remember this, from a /. story a while back?
No PayPal