It sounds like what you want is not Paypal, but LeagueSafe
If you use Paypal, everyone will send their money to your bank account. And then you'll be responsible for holding it and sending it out. If you use LeagueSafe, it will supposedly do it for you. The only caveat I have is that I've never used LeagueSafe so don't know how "safe" it is. But I have seen it mentioned a few places so think it should be fine.
0-3 to 4-3. Worst choke in the history of baseball. Enough said.