PayPal blocks copy/paste actions in their "change password" form, citing some irrelevant security issues as the reason. That's a load of crap, and they know it -- disabling copy/paste makes it a lot harder to use a decent password generator and a lot easier to screw up your pwd when retyping, especially if it's a long one (as it should be!).
So, here's the quick'n'dirty way to use an externally generated password in your PayPal account:
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open the change password form;
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open up the console in your browser of choice (recent versions of Firefox: CTRL+Shift+K, Chrome/Chromium: CTRL+Shift+J);
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you should see an input form at the bottom of the console; copy/paste each of the following lines, replacing the string "password" with your desired pwd and hitting enter after each one:
document.getElementById("pwdID").value = "password"; document.getElementById("retype_password").value = "password";
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close the console by pressing the relevant key combo once again, submit the form & voilà!