I have done it before but the reason the paypal is dead and if it had anything to do with ebay could play in. Things are a little different now that they are 2 seperate entities
i had tried before ,i got 2 ebay stores and 2 paypal accts, since one paypal dead and i changed another paypal link to my ebay store but about a week was banned again , my another paypal acct also been limited straight away too. so now my both ebay store cant process any payment now. such nightmare.