Here's one I got last week followed by PayPal's response when I contacted them. Be very careful about giving out personal information.

James(ThePrintShopGuy)
__________________________________________

Dear PayPal Customer

This e-mail is the notification of recent innovations taken by PayPal to detect inactive customers and non-functioning mailboxes.

The inactive customers are subject to restriction and removal in the next 3 months.

Please confirm your email address and and Credit Card info number by logging in to your PayPal account using the form below:

Email Address:
Password:
Full Name #:
Credit Card #:
Exp.Date(mm/yyyy) #:
ATM PIN (For Bank Verification) #:

This notification expires May 31, 2003

Thanks for using PayPal!

This PayPal notification was sent to your mailbox. Your PayPal account is set up to receive the PayPal Periodical newsletter and product updates when you create your account. To modify your notification preferences and unsubscribe, go to https://www.paypal.com/PREFS-NOTI and log in to your account. Changes to your preferences may take several days to be reflected in our mailings. Replies to this email will not be processed.

If you previously asked to be excluded from Providian product offerings and solicitations, they apologize for this e-mail. Every effort was made to ensure that you were excluded from this e-mail. If you do not wish to receive promotional e-mail from Providian, go to http://removeme.providian.com/.

Copyright© 2002 PayPal Inc. All rights reserved. Designated trademarks and brands are the property of their respective owners.

_______________________________________________
PayPal's response:

Dear James G Creel Jr,

Thank you for contacting PayPal.

We appreciate you bringing this incident of spam to our attention. We will
investigate this fully and suspend the account of any PayPal user
who has violated our Anti-Spam policy. PayPal's referral program is meant
to encourage people to introduce the benefits of PayPal to their friends
and family, and to people they transact with online. It is not intended to
encourage spam. We apologize for this inconvenience and appreciate your
report.

If you have any further questions, please feel free to contact us again.

Sincerely,

PayPal Account Review Department

************************************************** **********************
PayPal and its representatives will NEVER ask you to reveal your password.
There are NO EXCEPTIONS to this policy. If anyone claiming to work for
PayPal asks for your password under any circumstances, by email or by
phone, please refuse and immediately contact us via webform at
https://www.paypal.com/wf/f=sa_pass.