fizkes / iStock.com
PayPal is a convenient way to send and receive money in just a few taps or clicks. While the ease is a big selling point, fraudsters are at work trying to take advantage. You’re probably familiar with the PayPal scam email asking you to provide your PayPal information to unlock your account. There are ways to tell it’s not real but as online scammers get more sophisticated, it’s getting harder to spot danger.
This guide updates you on the latest PayPal scams, as well as the steps to report PayPal scams.
What Are Some Common PayPal Scams?
According to PayPal, people tend to be less cautious online than they would be if they were walking down the street. Although PayPal has strong security protocols in place, it’s up to you to safeguard your account — and money. The following scams are the most common seen by the digital payment processor.
1. Advance Fee Fraud
You may receive a request for a small amount of money before the individual can send you a larger amount.
For example, you may be asked to send some money to…