Pros
Plenty of interesting projects. Company doing well so equity is great investment. Company Mission of democratizing financial services is a priority and customer is put first which is great. Very inclusive culture. Many smart people at the company and every 5 years you earn a month off on sabbatical!
Cons
Work life balance is terrible because of my manager signing the team up for way too much. Other teams are better so be careful with what team you accept a job from at PayPal. Despite being a startup cannot move up quickly despite what HR tells you when interviewing. Matrixed and political promotions like at a bigger Fortune 500 company so plan for that and do not accept a level less than your experience level as you will regret it. Do NOT allow HR / recruiters to underhire you because 2-3 years for promotion regardless of work. 1% yearly salary increase is the norm so be prepared to be paid in equity vesting over 3 year periods at 1/3 per year.