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You authorize us and our Affiliates to check information you provide to us,
 

You authorize us and our Affiliates to check information you provide to us, including by verifying the existence of your bank account and obtaining reports from, or comparing your information to, third-party sources. Such third-party sources may include without limitation, banks, credit agencies, data brokers, and other service providers. We reserve the right to close, suspend, or limit your account or rescind your access to Managed Payments (in which case your account may be reverted to its original state without Managed Payments or, if this reversion is not possible, your ability to sell on eBay may be limited, suspended or terminated) in the event we are unable to obtain or verify any of this information. We are not responsible for any losses suffered by you as a result of incomplete or inaccurate information you provide.

Re: You authorize us and our Affiliates to check information you provide to us,
 

You found this when setting up MP?

Re: You authorize us and our Affiliates to check information you provide to us,
 

Yes buried in the terms

Re: You authorize us and our Affiliates to check information you provide to us,
 

What is your take on this? What is interesting to you that made you post this?

To me, the only thing surprising is the wording that you can go back to paypal.

Re: You authorize us and our Affiliates to check information you provide to us,
 

reversed to original state without managed payments........