> As a buyer (and not a merchant), I love Paypal because I can have it debit directly from by bank account instead of handing over my credit card information.
I don't understand this at all. I pay through PayPal via a credit card when a merchant accepts no other form of payment, and if they ever gave me trouble, I trust my credit card provider enough that I don't have to trust PayPal. I wouldn't let PayPal near my bank account, because bank accounts don't have the same level of protection for illegitimate transfers, and PayPal will happily ACH away however much they feel entitled to.
I don't understand this at all. I pay through PayPal via a credit card when a merchant accepts no other form of payment, and if they ever gave me trouble, I trust my credit card provider enough that I don't have to trust PayPal. I wouldn't let PayPal near my bank account, because bank accounts don't have the same level of protection for illegitimate transfers, and PayPal will happily ACH away however much they feel entitled to.