No. When you apply NFKC normalization to that string, you get just 'paypal', so Paypal have already registered the result. You can try that here: http://mct.verisign-grs.com/ - notice how the output is not the same as some online converters based on punycode.js, because that doesn't have nameprep support https://github.com/bestiejs/punycode.js/issues/40