You receive an email offering a cash rebate or some other financial incentive, and all you have to do is log in to your PayPal account to verify a few details. It’s one of the most common social engineering attacks designed to gain access to your PayPal account. They now have everything they need to access your real PayPal account. When you enter your login credentials on the imposter site, the data is immediately transferred to the scammers. This email is bogus and the link takes you to a spoofed PayPal website. Here’s an example of a common PayPal phishing email: The email also includes a link and requests that you click on it to log into your PayPal account. You may receive a phishing email claiming that there is an issue with your PayPal account. Fraudsters have a fairly standard playbook that unfortunately delivers results. The “problem with your account” scamĮmail is a preferred method for scammers to steal your money. Many involve email, but some masquerade as legitimate PayPal transactions.
Here are the most common PayPal scams in 2022. However, there are certain strategies that fraudsters rely on again and again. You may have already heard of popular scams circulating on Facebook and Instagram. There are endless ways for scammers to try and separate you from your money.
FAKE PAYPAL PAYMENT SCREENSHOT MAKER HOW TO
Phishing scams and fraudulent transactions at the individual account level are a much bigger threat than a system-wide breach of the entire PayPal platform.įor this reason, it is important to learn about the most common types of PayPal scams and understand how to avoid them. The security risk, though, doesn’t come from where you’d expect. 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.