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No. Paypal says that all emails sent to you will be addressed to you by name...not "Dear Member" or something like that.
Also, they recommend when you get emails like that, you go directly to the Paypal site without clicking on a link. That way you KNOW you are signed into the real paypal.
I am a member of paypal and I didn't get that email so I assume it is just another Paypal scammer
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