Okay so a lot of people use PayPal (obviously), and a lot of people have been banned in the past and want to get back in, or want a 2nd account for their "blackhat" activities. Point is I'm gonna try and outline the basics on having a 100% anonymous (or close to it) PayPal account, and none of your activities being traceable. Sounds impossible? It's not. I've used PayPal a lot in the past and I know quite a bit on how their system works. A lot of what I say below is pretty basic stuff, so I apologise if it's no use to some. But it might help a few out, so it's worth it IMHO.
First thing to understand is that the majority of PayPal's activities are automated. That means they have security algorithms (bots) running 24/7 365. Think about it, PayPal has over 70 million active accounts! There is no way humans could monitor them all. So yeah, this is basic shit, but it's an important point to keep in mind. EVERYTHING you do is being monitored by some bot, not a human. Of course if your account is limited, or someone makes a direct complaint, a human will look into it, but until that point it's automated.
Second thing to understand is that they literally do monitor EVERYTHING. From basic things to what IP you log in under, to complex stuff like how many seconds you take to do certain tasks. Seriously, if you can think of it, most chances are PayPal have a bot monitoring it. Now I only know a hand full of what they monitor, I'm sure there are 100s of things I have no clue about. The main ones you have to worry about though in my experience are your IP, how much money you pump through your account, and charge backs. If you keep a clean IP, keep money transactions reasonable, and get no charge backs, chances are PayPal will leave you alone.
The first important step is setting up a clean IP. FORGET proxies. Do not even bother going there. They are totally useless for accounts that you are logging into more than once. The only real solution is a dedicated VPN. This will cost you about $15 a month, and there are a shit load of places to buy them from. Now if you're really security concious, you need to buy the VPN itself anonymously. So find someone who accepts WebMoney. Once you have your VPN take note of the state it's in. This is where your profile information is going to come from. So now simply go to one of the online directories (example switchboard.com) and look for someone in the area your VPN is located. If your VPN is in Miami, FL, go do a search for John Smith in Miami, FL. Simple. Make note of the address info and save this to a file.
Go make your PayPal account with those details and be sure to enter everything correctly. For email use AOL. It looks pretty legit. Gmail or Yahoo are fine also. PayPal know the majority of online users either have a Yahoo, AOL, or Gmail account, so they don't care too much about that (unless you're applying as a business).
Once you've verified your email address now comes the important part. We're going to add an anonymous bank account to fully verify the account. How we gonna do that? No not with one of those shitty online wallet systems, we need to go find a prepaid debit card that supports direct deposit. This can be really easy, or really hard, depending on your location. If you're in the US chances are a local store will sell one. If you're outside the US you need to buy one from someone else. Assuming you are indeed within America go to your local store and look for something called an nFinanSe card. These things are awesome for PayPal. Or if you're not bothered about getting a personalised card sent to your address, you can use another one called Mio Card. They work fine too. I'm skipping over quite a few things here, but the basic premise is we don't care what address is registered on the prepaid card because it doesn't matter. PayPal cannot tell. When you withdraw money via ACH the only problem you might have is different names on your PayPal account and prepaid card, but I've found that most times that doesn't matter either.
Assuming you've purchased an nFinanSe card, first thing to do is activate it by calling their automated number and setting an ATM PIN. The minimum load for this card is $50, so you want to get as much of your investment back as possible. You should have no problem going straight to an ATM and withdrawing $40. So you total investment (out of pocket money) will be around 10 bucks.
Once you've done that you need to register the card for direct deposit. nFinanSe needs your SSN which you enter online. It's instant activation, so no delay or speaking to a human. This is where the anonymous point kicks in again. If you want to break the law (I am in no way recommending you do), then finding SSN info online can be done for a couple of bucks. If not and you still want to stay anonymous, then you could ask the permission of a friend or family member. Remember, this information is never seen by PayPal, so it has no real tie to your account.
Either way, once you've registered your card you will be given a unique account number and routing code. Go back to PayPal, enter this info, and they will send you 2 security deposits. In my experience this usually takes 1 or 2 working days. Once you have those codes (they will show on your online nFinanSe statement), you enter them into PayPal and BOOM, fully verified account. Now if you want you can also enter a credit/debit card and do a similar sort of thing, but it's not necessary. If you do enter a credit/debit card make sure it's not one of the mass used ones. PayPal check BINs (bank identification numbers) a lot, and using a simon.com gift card is gonna through up a red flag on their system.
That's pretty much it. 1 anonymous/untraceable PayPal account (or close to it depending on how "blackhat" you wanna go). Also small point about ATM withdrawals, you can research online the different makes and models of ATM machines. Some have cameras, others do not. Again if you want to be truly 100% anonymous wear some glasses when you withdraw the money, or pay some kid to do it.
If PayPal ever do limit your account, and chances are they will, then you need ID and a utility bill ready for the profile info you signed up with. One word. Photoshop. Again, not gonna go into details but there are plenty of sources online to get this done, or you can do it yourself. The people who check this at PayPal probably don't know WTF they're doing. I bet they take a quick 3 second clance at your image attachments and pass it along.
Hope this thread helped. If not then that's cool. Yes a lot of it is very basic stuff, but I see some really stupid advice being given to people asking PayPal questions, so what I'm saying really isn't that bad.
Also I am in no way suggesting you use PayPal for illegal activities. I am just showing a way to use their services anonymously.