Paypal is a corporation. That means, it adapts to new regulations coming in place in the country they are located and also thrive to fight against money laundering and illegal activities. I used to make the same mistake and i had my main account locked. BUT, when i created a business one and i had invoice for literally every service i provided, even when obstacles happened, the account never closed. Now the last 4 years i have transferred there about 3.8 million euros, in 7 different wallets that i have.
Note: i still have to verify my info here and there, due to european regulations, but this is actually good. I say that because many people ( my old self included ) think that when you have higher balance and higher transactions paypal does not "check" that account often. TOTALLY WRONG! my biggest transaction was 761.550 euros and it took paypal 7 working days to complete it. But it was definitely secure and neither me or the other party worried for a sec.
I believe paypal can be improved, but is still one of the major players regarding money transfers.