PayPal Buyer Protection

Hi, guys!

I'm currently working out a deal with a fellow TamaTalk/TamaZone user for her Devilgotchi. I've already purchased something from her (through eBay), although this time, we've agreed to conduct the transaction directly through PayPal to avoid exorbitant eBay fees. This saves both of us money. However, even after scouring PayPal forums and whatnot for information on buyer protection outside of any PayPal-associated website, I'm still a bit unsure about how well I am protected. If I send the money directly through PayPal as a PAYMENT for goods, am I protected in the case of Item Not Received? It is a lot of money, and though I truly believe the seller is a good person, I am, as anyone would be, still nervous about this.

Any personal stories, links, advice, etc. would be greatly appreciated.

Yes you are protected if you do not receive the item ONLY if you mark it as goods. Don't pay as a gift.