The sheer processing volume makes PayPal an appealing target for fraudsters looking for an easy payday. PayPal is a giant in online payment processing, with nearly 400 million users making billions of transactions each year. Read on to find out how these scams work, and what you can do to avoid becoming a victim on PayPal. Fake charities: Creating fake charities and using PayPal as a way to make donations.Payment pending claims: Asking the seller to provide a tracking number so that the payment funds can be released to the seller.Overpayments: Sending a seller more than the agreed-upon sale price, then asking for the difference to be refunded outside of PayPal.Alternate payment requests: Requesting to use the PayPal Friends and Family money transfer option to pay for goods (which is not permitted by PayPal).Hacked accounts: Using a hacked PayPal account to pay for an item.Using fake shipping addresses, bogus shipping labels, and other strategies to send goods to untraceable destinations. Advance payment scam:В Hackers claim that you are entitled to a large sum of money, but an advance payment is needed to release the funds.Hackers send a spoofed website to get your details.

вЂњYou have money waiting!вЂќ: Emails that tell you that thereвЂ™s money in your account.They send you a spoofed website to get your login details. Promotional offer scam:В Hackers send you an email telling you that youвЂ™ve received a cash rebate or an incentive.They send a phishing email to a spoofed website to get your credentials. вЂњProblem with your accountвЂќ:В The hackers claim that thereвЂ™s a problem with your account.The most common PayPal scams of 2021 include: They prey on unwary PayPal users to steal goods and money in a number of creative ways. As one of the largest online payment processors in the world, PayPal is a huge target for scammers.

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