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You can use PayPal as a guest, without reactivating your old account. There are limitations, of course - you cannot as simply initiate a payment...but, as long as there is a payment button, it works fine. (The other issue is that PayPal will just discontinue your access to the option at some point. They say it's when you hit a total of $1000 in guest payments from a particular email; but I was well beyond that.)
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