Of all the scams out there, the PayPal scam on Facebook is becoming increasingly common. And it’s no wonder why – with over 2 billion active users, Facebook is a prime target for scammers. But don’t worry. We’re here to help you spot and stop scammers in their tracks. Here’s what you need to know about fb pay scams.
What is a PayPal scam on Facebook, and how does it work?
A PayPal scam on Facebook is a fraud designed to trick unsuspecting users into sending money or personal information to a scammer. It often begins with a message from the scammer asking for money, claiming to be from the official PayPal account. The scammer uses the victim’s trust in PayPal and encourages them to click on a link which leads to a fraudulent website mirroring the real PayPal website. The fraudulent website then asks for personal information, such as credit card details or bank accounts, or sends an invoice with an exorbitant fee. Ultimately, instead of being sent to the real PayPal account, any money requested is directed straight into the scammer’s pockets.
Facebook Marketplace PayPal scams
PayPal is an approved payment method for transactions on Facebook Marketplace, protected by both PayPal and Facebook’s Purchase Protection policies. However, this protection does NOT cover payments sent via the “friends and family” option of PayPal.
Facebook Marketplace scams might try to persuade you into paying them as friends and family.
Unfortunately, scammers can take advantage of you by selling fake or substandard products that appear to be genuine and then disappear with your money – leaving you helplessly stuck. When paying by the “friends and family” option, your purchases are not protected, meaning you cannot get any refunds when the item turns out to be a fraud.
How can you spot a Paypal scammer on Facebook?
Paypal scammers are everywhere on Facebook, trying to convince unwitting users to send them money and other sensitive information. Spotting these scammers isn’t always easy, but there are a few telltale signs to be aware of.
- First, it’s essential only to accept friend requests or messages from people you know in real life. Be wary of any message or request from a stranger who claims to need money for an emergency – chances are, this person is up to no good.
- Additionally, suppose someone claiming to be a representative from Paypal asks for personal banking information, your password or other sensitive data. In that case, the request is undoubtedly fraudulent – Paypal never asks customers for these details over social media.
- Suppose a user is willing to buy something without first seeing it or finishing a companion survey before receiving payment. In that case, this likely indicates that the user is illegitimate and should not be trusted.
- Finally, do not accept payments sent via the “friends and family” option of PayPal when shopping on Facebook Market Place, as this option won’t cover any refunds when you become a victim of a scam.
How can you protect yourself from Paypal Scams on Facebook?
- To avoid falling victim to this type of fraud, it is essential to remember that PayPal will never send invoices or requests for money out of the blue; always double-check URLs before signing into your account, and never share personal information unless you are sure you are dealing with the real thing.
- If a message in your mailbox asks for expensive items in exchange for a PayPal link, avoid clicking it and report it instead so Facebook can investigate the message’s origin.
- Always question a transaction’s validity, as legitimate businesses generally reach out through verified communications. Steer clear of any offers that seem too good to be true and double-check whom you are dealing with before accepting payments through PayPal.
- Having reliable browser protection software installed on your device helps you detect malicious websites and potential threats, but it also provides added layers of security when shopping online.
Conclusion
Although PayPal is a popular payment method amongst online sellers, it remains susceptible to scammers. Fortunately, you can protect yourself from potential fraud by following the safety instructions listed above and being vigilant of any requests for money or personal information.
The post The PayPal Scam on Facebook: How to Spot and Stop the Scammers appeared first on Datafloq.
