After reading this, some info on the paypalsucks.com website, and researching some more info on my own... I agree with quite a few people...
Paypal is very convienient, but it also has some major flaws, and I think one of them is their TOS or Terms of Service gives them too much access, and power.
All of this is with little or no accountability or oversight.
It really was discouraging.
One of the things that really struck me was they could freeze your account, but would still continue to accept funds into it. Meaning you have no access to your money, but they will allow more to be depositied if you don't get to people in time. If its frozen, you can't even access it in order to shut it down.
This sounds very illegal to me.
Long story short ( too late I guess ), I closed my paypal account yesterday, I just don't trust them.