FYI, I reported an email to paypal today. Make sure you check emails supposedly sent by them closely. The site that this email sent me to looked EXACTLY like Paypal's real site. The thing that tipped me off to it was the improper URL. It had a .ru extension. Also of note was that the reply address was not to paypal.

I know a lot of us use paypal so be ever vigilant against these thieves.

Dear John Galinac,

Thanks for taking an active role by reporting suspicious-looking emails.
The email you forwarded to us is a phishing email, and our security team
is working to disable it.

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What is a phishing email?
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Phishing emails attempt to steal your identity and will often ask you to
reveal your password or other personal or financial information. PayPal
will never ask for your password over the phone or in an email and will
always address you by your first and last name.

Take our Fight Phishing Challenge at
https://www.paypal.com/fightphishing to learn 5 things you should know
about phishing. You'll also see what we're doing to help fight fraud
every day.

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You've made a difference.
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Every email counts. By forwarding a suspicious-looking email to
spoof@paypal.com, you've helped keep yourself and others safe from
identity theft.

Thanks,

The PayPal Team