Of course, the email tries to shock you into responding by showing that you purchased something around $700.  The scammer wants you to react without thinking.  Don't do that!

First, look at the email addres this comes from.  (In the picture above, I've partially blocked it out so no one will be tempted to email the person.)  As you can see, it comes from an icloud.com account.  That alone should be enough to tell you that this is a scam email.  Obviously, a large company like PayPal would not be sending from an icloud account.  

The next hint that this is a scam has to do with the phone number listed.  (I've partially blocked that, as well.)  It is not their legitimate phone number.  All you need to do to find out that it's a fake is Google or Bing PayPal phone number.  You'll see 1 (888) 221-1161 comes up as their customer service phone number.

What other things can you consider to keep you from being scammed with this email?

• If you don't have a PayPal account, this is obviously a scam and you should mark it spam/junk and/or delete it.
• If you do have a PayPal account, just open a browser or their app, log in and see if there are any transactions matching the price listed in the email.  (Warning: NEVER click a link in an email like this to log in as the scammer may have fake links and you won't be at PayPal at all.) When you see there aren't any transactions like that, mark the email spam/junk and/or delete.

Remember, scammers like to try to panic you into doing something without thinking.  Don't fall for it!  Always step back, take a breath and observe what's really going on.  Stay safe!