An email claiming to be from PayPal is advising the recipient that their PayPal Account has been limited. To rectify the problem the email asks you to log in to your PayPal account.
The link leads to a phishing page, designed to steal your PayPal credentials. If you sign into the page your credentials (PayPal account username and password) are sent to the attacker. The attacker can then use you PayPal account to make purchases on the internet.