It exists. It's called a credit card, underwritten by a real bank, which will adhere to actual banking laws instead of "whatever we decide we want to do" (emphasis mine)
PayPal has been a very bad player in this area, apparently closing accounts on a whim, locking up the monies in those accounts, etc., etc., etc.
For that reason, I've never given PayPal direct access to my bank accounts, in spite of PayPal's constant hounding to do so.
PayPal just has not been behaving well in this space. For me, PayPal is a payment service of last resort, not of first choice.