I've routinely used PayPal to receive payments. I also have some dough in there because their interest rate is good (much better than passbook, though they give you a no-interest debit card that you can use at the grocery store, or anywhere else, if you like.)

Mostly, I receive refunds from recipients of free hardware, etc, I ship to them at no cost, but they feel they should reimburse me for the postage.

Its ideal for online financial transactions, because nobody gets your banking info other than PayPal, so you're safer, AND you get your money considerably faster than through the mail or even through credit cards.

RE