Best Website Builders Companywebsite builder for small businessThese are the most common PayPal scams today

These are the most common PayPal scams today – stay alert

PayPal is one of the largest payment gateways in the world, so it’s no surprise that there are many phishing scams using the company’s name.

VPN and Security Researcher VPNOverview.com cybersecurity expert Theodor Porutiu (opens in new tab) has outlined the most common PayPal scams to date.

Knowing what these are will help you know what to look out for and how to avoid them. Porutiu also details steps you can take to further strengthen your online security posture.

BUYERS – AND SELLERS – BEWARE

According to Porutiu, one of the most common scams is via email, which is a preferred method for scammers to contact potential victims. The email tells the victim that there is a problem with her PayPal account and contains a fake link to access your account, which could instead lead to a hacker taking over the account. There is a nature.

Another common technique is emails offering some kind of financial reward, such as rebates or promotional offers. Again, there is a fake link to log into your account, leading to a fake version of the PayPal website that the hackers can use to steal your entered login information.

There is something associated with this scam that adds a personal touch, claiming that your financial reward is the result of winnings or some kind of inheritance from an unknown source. They ask you to pay up front first to cover any “fees” or other bogus costs, but you just lose this money and never receive the payment you think you’ll get.

Some fraudulent emails claim there is suspicious activity on your PayPal account and ask you to call a number to cancel a large transaction purportedly made. attempt to extract your login information and other personal information. These fraudulent emails may even use legitimate-looking email domains or disguise bogus invoices to add urgency.

Besides email, there are also scams that take place on other platforms. One of these is a shipping scam that targets online sellers by asking them to use a different carrier for the purchased item and then forward the package to another address. They then claim that they never received the order against you, and since the shipping method was changed, they have no proof of receipt, so they have no choice but to refund the fraudulent customer.

Other variations on this include, instead of asking the courier to change, simply provide the seller with your own prepaid shipping label and then reroute the package or provide a fake shipping address first. So, if the address doesn’t exist when the delivery fails, they will provide the actual address, at which point re-routing has occurred so you can again claim that you didn’t receive the order.

Another scam affecting sellers convinces them that the product must be shipped first before PayPal can authorize payment. On the one hand, some scammers demand payment using his Friends and Family option on PayPal. While this eliminates transaction fees, it is not intended for the purchase of goods and may not be covered by the PayPal Protection Program in the event of fraud. .

Fake charities are another front-runner for scammers, preying on people’s emotions to commit fraud.

In giving advice, Mr. Portiu said to ensure that payments processed by PayPal remain in the processor, as PayPal will no longer be able to assist them if the seller requests a refund in another way. increase.

Other tips include always using your own shipping method, shipping only to listed addresses, dealing only with verified buyers and sellers, and approaching email links and attachments with caution. ,And so on.

Porutiu also uses good antivirus software to protect against malware that scammers may try to infect and encourages you to contact PayPal only using the number provided on the website. Recommended. PayPal will also contact you using only your name.

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These are the most common PayPal scams today – stay alert

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