Paypal has always loved keeping money they didn't earn. They should be treated like a crypto exchange: never keep your funds with them, only use them to transact then move funds away (if no other alternatives available).
And PayPal requires you link an account for verification now.
So it isn't really practical to use it as you describe - you're giving yourself a false sense of security.
Sounds even worse than the issues that made me abandon them originally (seizing on-paypal funds and preventing withdrawal via making verification process broken and obtuse)
What's the problem here? If you give them access to your main bank account, you're an idiot. Just set up a separate account for the sole purpose of linking to PayPal. You should do the same for any case where you need to link a bank account to an external entity.
Interesting, I wonder if this is only for new accounts? I've had an account for a good 20 years now, and I don't have a bank account linked, only credit cards.
Isn't that what most places do these days? If you're providing a service, you are the one determining what you "earn".