I've heard about the horror stories and I'd like to know if this will protect me (until I find another way for customers to pay via cc):
I transfer all pp funds immediately when the customer pays (takes 4 days to get to my account which sucks, but I wait). I opened a special bank account for pp payments. As soon as the funds are transferred to me I transfer those funds out to my regular account. I only have the required balance of $50 in this account ever. Am I safe from pp taking money from me? If they freeze my account I don't care as I don't have customers paying often - but when they do it's large amounts of money that I can't afford to lose.