I currently own wwwpaypal.co.uk which i am using to redirect to my website Cyber-Shredder.co.uk:
What you are doing is EXTREMELY
illegal. Also, PayPal would most likely sue anyone caught doing this, or even using this domain.
In fact, as memory serves, this domain was used in a reference to phishing. I will try to find those references.
My personal recommendation is that no one buys this domain, unless you like the potential of having federal copyright suits, as well as federal criminal charges pressed against you.