Yeah it's fine, his paypal was knocked out recently so must be back on line again. The company is a cover name because PP would scrutinize any reference to what is actually being sold, if it was mentioned, and shut him down again. Just don't mention any reference to what you are buying during the payment process. Not sure it's even a great idea to bring the name of the cover company up on forum but no worries it's done now.
I've bought many many times and plenty here have paid 1000's via that method, it's fine, as soon as you pay the process of the watch order will start...qc pics/tracking nos etc.