Nope. You can get a PayPal debit card and spend the funds accumulated that way. They will mail you a check too. Of course you can "spend" the PayPal funds on eBay purchases or any on-line merchant who takes PayPal. Works across currencies too.
Caveat emptor: the folk who are doing the "gift" option on PayPal to save 3% or 4% in fees are wide open for fraud. If you do a "gift" payment and you don't get the goods, you don't have a leg to stand on. Think of those fees as insurance. Always use shipping with tracking or delivery confirmation, as the receiver can say he never got it and you will be tagged the funds. I would insure anything expensive, so you are covered for damage or loss, although I have never had USPS loose an item.
Also, if you use the "goods" option, you can do your postage right from the PayPal site and get many more options than you can from the USPS site, including USPS First Class Parcel, and Parcel Post. You print your label and packing slip on the spot and can drop it off at the post office without standing in line. My local post office lobby is open 24/7 and I can drop off anything that will fit in the "APC" chute, IF the #$%^& thing isn't jammed. You also end up with a nice electronic record of the whole transaction. No finger pointing sessions!