PayPal is rolling out (slowly) a new design across all sites. Why they need a seperate domain I don't know. For such a huge target as PayPal everything should be under paypal.com
Phishing?
That's what I thought, but the SSL certificate shows the site actually belongs to Paypal. Domain also belongs to Paypal Inc. Seems to just be a badly designed and dodgy looking site on Paypals end.