I have some money in my fake paypal account (real and legit money) I create this Paypal account because Paypal doesn't support my country but many services only pay for Paypal. I use this account to buy services and software. But never buy domains yet. If I buy domains from this Paypal account what will happen??
as long as you have valid credit card that paypal can debit, no problem at all, dont worry...in fact, you are registering your domain name with your real name, right?