New Sneaky PayPal Scam Defrauds Unsuspecting Customers

New Sneaky PayPal Scam Defrauds Unsuspecting Customers

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While most scammers try to use the same tired old tactics to defraud you out of your money, some are significantly craftier than others. Most people can avoid the more obvious scams, like cold calls and phishing emails, but it can be harder to notice some of the more robust scams that are floating around the web.

One such scam is particularly ingenious, but, thanks to tip-offs from would-be victims, you can arm yourself with knowledge. Here’s all the information on the latest PayPal scam you need to know about.

How It Works

The basic gist of this scam is that you get a PayPal receipt sent to your email address. The sender appears to be PayPal’s corporate email address, and the receipt itself is doctored to look indistinguishable from the real thing. In short, it’s made to look like you’re being charged for a purchase you didn’t make.

When you contact the customer support number included with the receipt, you’re directed to a “support technician” who is actually a scammer. This scammer will attempt to “verify” your account by getting your login information, including your password. The scammer will insist that this is so they can log into your account and safely verify that you didn’t make any purchases like the one you see on the fake receipt.

Of course, this is all a lie, and the scammer is just going to use your PayPal account to buy whatever they want. No matter what you do, you should never give out your login info over the phone.

How To Spot It

If you get any fishy emails or receipts, make sure you verify that the support number you’re calling is the real deal. Double-check the number by looking it up online. Don’t just trust every email you get to be the real thing! People lie on the internet every single day, and they’re usually doing so to try to get their hands on your money.

The biggest piece of advice law enforcement has for people targeted by these kinds of scams is to take a deep breath and slow down. Often, these scams work when people get into a hurry trying to solve the issue immediately. When threatened with a sudden financial upheaval, like a huge PayPal purchase you didn’t make, it can be tempting to rush through the “correction” process. Just take it slow and get things solved at a pace that allows you to think critically before you hand over any sensitive information to people you don’t know!