Scam is this a scam

[Isthisascamaler]

Is this a scam? Apparently sent from paypal DEAR CUSTOMER   You have received £150.00 from the Buyer pending. We have a problem crediting your £150.00 because the status of your account is not a business user which makes your account have limits. This amount seems to be above your limit. To fully expand your account into a business account and deposit your funds now. How to create a PayPal business account. To expand into a business account, contact your buyer to send an additional payment of (£400.00) into your account to expand your limit. Soon as this is done, we will fully credit the total of £550.00 PLEASE NOTE Transaction can’t be reversed or canceled until this process is completed  All transactions are being monitored by our agents and also insured with a HARDCOVER INSURANCE POLICY 

[kernowlass]

@Isthisascamaler 

SCAM

Ignore scammers that send fake Paypal emails telling you that you need to pay an upfront fee to verify/upgrade to a business account/or any other reason to accept a payment.

You would certainly never have to send funds especially via another payment processor/bitcoins/ or tokens/vouchers of any sort.

Any fee is auto deducted by Paypal at the same instant the remainder of the payment is credited to your Paypal account balance.

No funds in your balance = you have not yet been paid, even pending/held payments will still show in your Paypal account activity.

Also easy to see its a spoof as they refer to you as Dear customer whereas paypal always address you by your full name.