I think it _might_ be illegal due to some laws/regulations "funneling funds or something". At least for a larger scale. For smaller funds you could just go for another (less restrictive) payment processor and set account there and then transfer it... Most likely finising the PayPal verification process would still be faster than that. Plus, you definitely would need it anyway if you think of doing anything related to BBGs in a long run.
BTW, you don't need to fax them anything, you can just scan it and then enter the file via web interface (al least that's what they asked me to do).
BTW2, I was dealing with several payment processors and they sux even more than PayPal, no doubt
