Protection

What Jea48's first two sentences said, plus one.

Do you know/trust this seller?
If so you will have to make multiple payments through PP.
I have done this in the past - But you had better know whom you are sending $10K+ to.

An escrow service would be the way to go.

I bought a $10,000 85" UHD TV via Paypal and the it arrived with a broken screen.
Paypal was useless with helping me to resolve it.

"11-09-15: Paladin
Do you know/trust this seller?
If so you will have to make multiple payments through PP.
I have done this in the past - But you had better know whom you are sending $10K+ to."

Not only that, but given the fact that a PayPal transaction is limited to 10k would suggest that they don't want to get involved with anything more and/or they may be obligated to report the transaction to the IRS. Any sale over $10,000 in cash has to be reported (or structuring more than 1 lesser payments adding up to 10k or more). I'm not 100% sure, but most likely PayPal payments may be treated as cash given the nature of how their system works.

Either way, it can be an excuse for them not to offer buyer protection.