Seems real enough, http://www.paypal.com/settlement .. I had my account locked by them a couple years ago because I was unable to provide “up to date” utility bills and such, because i was living in another bloody country. I have lots of complaints logged against them, wonder if I should apply.. unless its high 5 figures or so probably not worth the hassle.
It also did cause me problems because I had money in there I needed access to.