Dan Shakespeare is correct. These emails have nothing to do with PayPal whatsoever. They are not sent through PayPal's network or by PayPal employees (unless they have a second job as a criminal). This is a scam email of a type commonly called "phishing". You are supposed to be alarmed by the email. You click on the link that is supposed to cancel the transaction. It takes you to a website that is setup to look like the PayPal website. I did not click on the link (just to be safe), but it probably has a form to enter your PayPal user id and p***word. Unless you are one of the first persons to receive the email and you read the email soon after it is sent, the web page/web site has probably been shut down because someone has notified the hosting service that the website is a scam. This usually happens very quickly because of the large number of emails sent. However, the perpetrators of this scam can make a new website with a different host and just update the email with the new URL. In this way, the same scam can continue for months. It looks like this is the case with this scam judging by the dates of the posts, although other criminals may have simply copied the email and setup their own website(s).
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