That's not entirely true... when you do a transaction like that it shows up in a day or two, but it isn't settled for 3 to 5 days. Think of it as you can see it in the mempool but it's not confirmed yet. Only after 3-5 business days will PayPal be sure that the transaction went through, it could be recalled for any reason prior to that.
It's one of the key reasons that merchants will see the value prop of btc. Credit card transactions take 60 days before they're really final, ach 3 days, checks 6 - 7 days. Wires are the only thing that's actually final quickly...
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