Also note that the two accounts cannot be the same type. It means 1 personal account + 1 Business/Premier account . https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/cps/general/PayPalAccountTypes-outside
its possible if you have different credit cards. But then you also ask if its legal. Well no. Legally speaking you can have only 2 accounts in your name as eddy has correctly pointed out. If you really need 3 accounts , I would better advise opening the third account in your family member's name like your brother /sister/ mother/ father. Btw, why do you need so many different paypal account . Just curious
well the truth is, after all chargebacks people do on paypal, it really doesnt make any sense keeping a paypal account in your name especially when you're receiving any payments from un-trusted recources. the safest would be to use a paypal account in your name and never give that to anyone. use your other fake paypals to receive payments and then move the money into you trusted paypal..simple.. hope it helps.. Thanks,