I can't really speak to what PayPal does or doesn't do in other countries, all I can say is in the years that I have had it, it has never failed me. I transfer funds to and from it whenever I need to without any fees; I have never been screwed by a payer or payee, nor have I run into the exchange rate issues that I have heard others complain about (I could just be lucky on that); ever since I switched to one of their money market accounts, I actually earn money on the funds in my PayPal account; I even have a PayPal debit card that lets me use my PayPal funds in the "real world". In many ways, it is better than the bank account I use for my funds transfers.
As for how PayPal is in your country, I'd really look into what national laws are applied to PayPal. Considering it seems they don't do any of what you describe everywhere else, it really sounds more like they are being forced to modify their business practices to suit the laws of the region and not because of some kind of shady business practice.

They're not forced to work that way.
The old way was and still is legal.
Paypal has a bank status here, so they are by law bound to the same rules as other banks.
A paypal account basically equals a normal bank account here.
I'm guessing that their methods here makes it easier for them as they don't have to manage accounts as much as elsewhere.
Debit cards are common here.
Almost everyone has one.
Credit cards are less common here.
It's simply less common to buy on credit here.
Nevertheless the number of credit cards are increasing here, mainly as it's easier for online payments with foreign based shops and it's easier on holidays.
As for Wirecard, you can apply for a real credit card that's attached to your account there.