Can a PayPal Account Be Linked to More Than One eBay Account?

Linking Accounts
Linking accounts is done on the eBay website in the 'My eBay' user account section. On the 'Account' tab of the 'My eBay' page, users can click the 'PayPal Account' link to access their PayPal information. If no PayPal account is linked to the eBay account, clicking the 'Link My PayPal Account' button allows the user to log in to his PayPal account. Once login is complete he simply has to verify that he wants to link the accounts to complete the link.
Multiple eBay Accounts
eBay guidelines allow users to have multiple eBay accounts so long as the accounts aren't used to violate eBay rules. This allows sellers who have an eBay store to have a personal account as well, and lets eBay users who wish to use different accounts for different purposes do so. Each account must have a distinct email address associated with it. The accounts cannot interact by bidding on each other's auctions or otherwise being used to inflate auction prices or mislead customers.
Multiple PayPal Addresses
PayPal accounts can have up to eight email addresses associated with them, though personal and premier accounts may only have one user associated with the account. New addresses can be added to a PayPal account by clicking the 'Profile' link under the 'My Account' tab visible after the user signs in to his account. Clicking the 'Add' button in the 'Email' portion of the profile or personal info page lets users add another address; a confirmation email will be sent to the address when the new email information is saved.
Linking to Multiple Accounts
Linking additional eBay accounts to a PayPal account is done in the same manner as adding a single account. Up to eight user IDs can be added to a single account. If multiple email addresses have already been added to the PayPal account, these addresses should be used when creating new eBay accounts to ensure that the user doesn't run out of available links. If older eBay accounts need to be removed to add new user IDs, they can be removed from the PayPal account in the 'Auctions' or 'My Seller Tools' portion of the PayPal user's 'Profile' page.