> to trap you into an endless page reloads of "please enter your bank account" nonsense.

That pretty much describes what happened.

I will take your information to heart and get paypals access revoked and I'm going to close that account and open a new one just to be sure.

Thank you very much for the helpful info, I knew paypal was bad, I always thought the 'bad' limited itself to my balance on their end (which I made sure I never had).

This is a bit of a shocker really.