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I have never received payments before and have someone who want to purchase a vehicle I have for sale. What are, if any the risks of receiving money this way?
PayPal seller protection doesn't cover vehicle sales. If the buyer files an unauthorized transaction claim you'll have no recourse (You'll be out the money received and the vehicle).
PayPal payments for vehicles should be limited to only a small deposit to hold the vehicle for the buyer until they show up with cash, not for the entire purchase price.
Here is a PayPal link on what standards need to be met for you as a seller to have seller protection.