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As far as I know, if you've already been paid through Paypal then it should be fine. It's not like a bad check or something where it could turn out that they can't cover what they sent. They either had to have the money taken from their bank account or from their credit card in order to send you the payment.
And I'd just double-check with the person about their address if you're concerned about that. But once you've officially gotten the payment from Paypal, you should be good.
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