TWO sneaky scams run by scammers using or referencing the money app Zelle have been called out by the internet.
Both of them cost users cash — and one has even masked itself as a lottery win.
The increasingly digital world means more contactless payments.
These forms of digital funds, though, are not always safe and secure as some assume they are.
Zelle is an encrypted financing option.
However, con artists can still use scams to get patrons to send them money through the app, according to background information giant BeenVerified.
There are two primary schemes that tend to stand out in terms of fraud.
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Certain scammers will pretend to be a relative in need of emegency money, or maybe a friend that needs a hefty chunk of change, BeenVerified said.
Their request appears to come from a familiar source, so victims are less likely to question the process.
If they aren’t masking themselves as a family member, scammers can sometimes pretend to be the IRS, the Social Security Administration, or even a random debt collector trying to use urgency to scare Zelle users into rapidly sending cash.
They may use an error message that says something along the lines of “your transaction has been refused,” but don’t fall for it.
Klara Dumancic, marketing specialist at InvestorsClub, said: “This is a hoax since a Zelle transaction cannot fail because…
