ššP2P SCAM ALERT š š
Peer-to-peer (P2P) payment platforms like Venmo, PayPal, Zelle, and Cash App offer convenient ways to transfer money but have become targets for various scams.īī īIt's crucial to be aware of common schemes to protect yourself.īī
Common P2P Scams:
Accidental Payment Scam: īA scammer sends you money, claiming it was a mistake, and asks for a refund.ī īThe initial funds are often from stolen accounts, and when reversed, you're left out of pocket.ī īciteīturn0search0īī
Overpayment Scam: īFraudsters overpay for an item you're selling and request the excess amount back.ī īLater, the original payment is found to be fraudulent, causing a loss.ī īciteīturn0search3īī
Fake Business Transactions: īScammers pose as legitimate businesses, requesting P2P payments for goods or services that don't exist, leaving you without recourse.ī īciteīturn0search0īī
Impersonation Scams: īFraudsters pretend to be from your bank's fraud department, asking for sensitive information to "verify" your identity, then use it to access your accounts.ī īciteīturn0search1īī
Recent Incidents:
Fake ScotRail Promotions: īScammers created a fake ScotRail Facebook page, offering unrealistic travel deals to steal bank details from unsuspecting commuters.ī īciteīturn0news9īī
Uber Ride Scam: īIn Melbourne, a woman reported an Uber driver canceling her ride and requesting direct payment, bypassing the app to potentially scam her.ī īciteīturn0news10īī
Protective Measures:
Verify Recipients: īOnly send money to people you know and trust.īī
Be Skeptical of Unexpected Payments: īIf you receive money from an unknown source, contact the P2P platform's support instead of refunding directly.īī
Avoid Sharing Sensitive Information: īLegitimate organizations won't ask for your login credentials or verification codes.īī
#P2PScam #wrte2earn