I'd like to point out to the noobs who might read this thread that escrow is basically useless when dealing with Paypal. There is nothing stopping a person from charging back after the escrow has released the funds. You can chargeback if OP doesn't send the bitcoin, and you can chargeback even if he does.
OP, I would recommend that you use extreme caution with noobs here. Don't know if you're aware of this, but people will create new accounts just looking for PayPal scams. To everyone else, a noob account that wants your PayPal first might also be looking to scam. This thread looks like a disaster just waiting to happen.
This threads about as genuine as a Microsoft call from India