Once you hit the “register” button, the form, along with all your precious info, will be sent directly to the scammer. 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, billinginancial data (credit card number and CVV), and driver’s license number. To show you that he means business, they will send you an email that purportedly contains a link to a PayPal sign-up page. Of course, the bargain is accompanied by a tempting incentive: bulk purchases or something extra to sweeten that pot. As PayPal wrote on its customer support page, the bad guys tend to scout out their potential victims by researching their e-commerce profiles.įor 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. Let’s add a bit of color to this scenario. Yes, you’ve guessed it: no account, no bargains, and, unfortunately, no more private info. Long story short – a good Samaritan comes along and offers to open a PayPal account on your behalf. 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). Opening a PayPal account on behalf of the seller The most notorious PayPal scams to watch out for. So, kick back, relax, and enjoy the ride. 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. 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. 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.Īll things considered, PayPal still does not rank among the safest online money transfer apps, meaning it’s not short of fraud.

Founded in 1998, 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).

Without a doubt, PayPal’s one of the best trending online money transfer service well, at least when it comes to the customers’ preferences.

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