If you are going to have it linked to a bank account, I'd HIGHLY suggest you have it linked to an account at a bank that is different from and not affiliated with, your main bank/banking account. That way if your password is ever stolen/you get hacked/you mess up and fall for a phishing scam - they can't go in to your bank records and have access to more money in another account (because lots of people have the same passwords for all bank accounts at one bank).
What I did was open a small 'free' checking account at another bank. I used the account while we lived there for things like garage sale money, so it was a legitimate account. I used that account to sign up for Paypal and had them to the $.02 deposits to there to verify it but I NEVER had them draw money out of that account to pay for anything I'd bought. I always either paid with money already in my Paypal account from something I'd sold or I'd have it use my credit card (so you're protected, because Paypal sometimes refuses to give your money back and your credit card will most often get it back for you).
Then we moved to another state. I closed that bank account when we moved but never updated Paypal on that fact. So they have me verified, unlimited and listed with a bank account attached, but I have no such account any longer and haven't for about 8 years now. I just do the same thing, either pay from existing funds or use my credit card as the payment source.
