A few weeks ago when LTC was peaking around $40-$45 per, I sold my entire stock of 205 LTC through PayPal, all in the $35-$40 per coin range. I took all the money in through PayPal.
I had contacted PayPal before I started selling them, and the person I talked to said to always make an invoice and in the terms and conditions very clearly state that it is LiteCoin and it is a crypto currency / virtual good, and X LTC will be traded for X dollars, and for a fraction will be sent to make sure the wallet address is right and then the rest is sent.
So I did that, and it was a hell of a lot of emails and back and forth, but it worked out fine and no one tried to rip me off.
Every time I got a payment, I’d transfer it from PayPal to my bank account before I sent the coins, then as soon as money showed up in the bank account, I’d transfer it to another account at another bank that PayPal had no connection to, so they couldn’t take the money back. And I used a secondary PayPal account, so if anyone did try to reverse transactions and make its balance go negative I could just walk away from it, the account was made with a fake name and address and info for a secondary ebay account I had.
But it all worked out well.