I will never use Player Auctions anymore. Half of my transactions are denied or take 24 hours or more to verify. It gets stressful having to keep track of 10 verifying orders at once.
^.
It's probably one of the safest ways to use PayPal, but if you are looking to get your money or just looking for a fast trade in general, you won't enjoy PA too much.
-The Gold seller put's an advertising up for sale.
-Buyer, "clicks" Buy.
-The payment goes through PA's secure sever.
-Once it's verified, the Seller has up to 30 minutes to deliver the Gold. (This is great on the Buyer's part).
-As the seller is delivering the gold, it is essential to take very good pictures of you actually delivering it. As the buyer could claim he had never gotten the gold. This causes all kinds of problems for you both.
-If he is a legit buyer, he will verify he received the gold. You will then receive your payment I believe in a few days.
So once again, the site is pretty secure. It is great for the buyer, as they receive their gold quickly. If you are selling, however, it will take some time.
Not a big fan of the site myself.