Honestly man, you can do that and risk getting caught; if they need to verify your information. Or just create a new business with all the proper information and open a new paypal account. Its just that simply. Avoid the headache of losing more money dealing with paypal.
Google's a tough cookie mate. You said it best "Never put all your egg in a single basket" that way when google burns you (and trust they will one way or another) you can recover, revamp and move forward. Congrats though and keep up the good work.
I would check out Peerfly, they have tons of email and zip offers in a variety of niches. But as paulik123 stated, u have to be careful of how you obtain your traffic otherwise their the best!
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