I just ordered a subscription from e-junkie.com and for the "name" of the person I was sending money to it said "19.5 Degrees" I didn't know you could not use your name. Is it possible to change my name now that I already have an account?
Nope. Names and Business names are locked onto your account. You can create a second account under a different name though.
If you have a personal account, I believe you can convert it to a business account and add the business name in the process.
About making a second account: Don't I have to confirm who I am before I can accept payments and make withdrawals? Besides, since it's withdrawing to my bank account with my real name, how does that work?
Have multiple bank accounts I have 3 chequing accounts that I setup specifically for paypal accounts. Confirming who you are is not a requirement. All paypal requires is that your name be on the bank account. They don't verify your identity at all. So I could setup a bank account under the name of "Tom Cruise" and create a paypal account with that name if I wanted. Sad, but it's how it works for now.