I used a compromise... Set PayPal to use Bill Me Later as the payment source... so...same recourse as CCs
Then I linked regular Paypal to my debit card (which it accepted as a CC)..... same recourse as CC, but never used for transactions... just gets tapped when I pay Bill Me Later through Paypal.
This keeps my bank account 3rd down in line and I get an email if anyone tries to change my preferences telling me to call if I didn't (in which event I'm protected)... so they watch it for me.
I never respond to payment requests via email or other media... if I didn't navigate to a site and set-up a payment it doesn't happen.