Transaction was immediately disputed with PayPal and reaffirmed that it was cancelled that I would not be charged for said transaction. What the PayPal rep advised is that I change my account password and security questions and that an investigation will take place and I will be notified as to the outcome.
Dealing with PayPal is great and having a verified account is convenient for some purposes, however, it is just as easy to get your e-mail and your password and charge fraudulent transactions on your PayPal account. It is just as easy to pull money from a verified bank account to cover the cost of the fraudulent transaction.

Simple web search showed that Strawberrynet.com has been previously a recipient of money from unauthorized transaction. Apparently Strawberrynet.com is located in Hong Kong and are doing “business” overseas. Be wary when doing business with out-of-country online sellers and especially Strawberrynet.com. It is currently unknown how the fraudulent transaction occurred on my account, but when dealing with this seller, be very cautious.