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I don't think it should be a big deal for businesses that use PayPal, many already do report or should be reporting by themselves. I do though think it's a big deal for the small hobbyist that occasionally sells or buys things on eBay... it's doubtful that they will know how to or be organized enough to write off expenses as they would be allowed to, so they could potentially get stuck. Be interesting to see what happens.
I also wonder if families use PayPal to give each other money for spending or whatever. College kids, brothers, sisters, etc. Those people should not be taxed on that money, it's no different than exchanging hard cash.
This isn't a "PayPal thing" though, it's a new tax law stipulation.
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