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I clicked the link and it shows a page which looks exactly like a PayPal page which asks me for my email / login etc.
I did not enter my email or any other details because I believe this text message and website to be false.
However, I would like confirmation from other people, or from PayPl – I can’t seem to find where I can contact PayPal directly. But if anyone reading this has any similar experiences, we would like to hear about them.