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11+ PayPal Scams: How They Work and How to Protect Your Account
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How to Safeguard your PayPal Account

Without a doubt, PayPal’s one of the best trending online money transfer service; well, at least when it comes to the customers’ preferences. Founded in 2019, PayPal, formerly known as Confinity, gradually consolidated its market foothold, establishing itself as the best alternative to the more traditional, paper-based, money transfer methods (checks and money orders).

What’s not to like about PayPal? It’s easy to use, can be deployed anywhere, regardless of platform or OS, has world-wide coverage, not to mention the fact that it’s deeply rooted in the freelancing industry.

All things considered, PayPal still does not rank among the safest online money transfer apps, meaning it’s not short of fraud. Of course, the same thing can be said about any money-handling apps on the market, but PayPal’s a seemingly lush environment for scheming, fraud, theft, hacking, and other nasty things that spell out trouble.

In seeing that so many people have been duped into forking over that hard-earned dough to online con artists, I’ve decided to show you the most common PayPal scams and how to protect your account, of course. So, kick back, relax, and enjoy the ride.

The most notorious PayPal scams to watch out for. Sellers and buyers, beware!

#1. Opening a PayPal account on behalf of the seller

One of the most common types of PayPal scams usually occurs when the sellers haven’t opened a PayPal account yet (yes, I know it doesn’t make any sense, but then again solid businesses are built brick by brick, not overnight).

Long story short – a good Samaritan comes along and offers to open a PayPal account on your behalf. Yes, you’ve guessed it: no account, no bargains, and, unfortunately, no more private info. Let’s add a bit of color to this scenario. As PayPal wrote on its customer support page, the bad guys tend to scout out their potential victims by researching their e-commerce profiles.

For instance, if you have an Etsy profile for handmade goods but no PayPal account, you may get contacted by a ‘benevolent’ bidder who offers to buy some of your merchandise. Of course, the bargain is accompanied by a tempting incentive: bulk purchases or something extra to sweeten that pot.

To show you that he means business, they will send you an email that purportedly contains a link to a PayPal sign-up page. It’s all a ruse – though the PayPal registry form may seem legit, it’s actually a type of phishing attack, designed to harvest your personal information: email address, home address, name, location, billing\financial data (credit card number and CVV), and driver’s license number.
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