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How Not to Get Scammed on Paypal as Bloggers – 2 Scam Methods

How Not to Get Scammed on Paypal

Paypal is the most used payment processor for digital entrepreneurs and bloggers. The reason is that it’s most secured and quite simple to use.

However, If you want an online payment gateway with a solid fraud protection policy for your business, I think you should be thinking to give Paypal a try.

Most of the bloggers and social media experts who make money online (with affiliate marketing or selling their own services) get paid through Paypal.

Yes I know Paypal can be very annoying at times. Some merchants have complained of having funds irrationally held. Many countries are yet to be covered by the widely used online payment processor.

Whatever the case, I think they are simply trying to protect people’s funds with them and to make sure the system is as most trustworthy as possible.

Like any other Internet based business that’s very successful and spoken about everyday, Paypal is not without scammers trying to have a pinch of the huge gateaux.

In my 10+ years of being online as a digital businessman and using Paypal for most of my online transactions (though from a very difficult environment), I have come across two Paypal scam business. So, I’m happy to be sharing this here with Lisa’s blogging and social media community.

Paypal is the most used payment processor for digital entrepreneurs and bloggers. The reason is that it's most secured and quite simple to use. #paypal Click To Tweet

Two Paypal Scam Businesses Bloggers Should Avoid at All Cost!

The reason I’m writing this here is because I understand that a massive portion of this community uses Paypal to either make or receive payments. If you haven’t been a victim, I think anytime soon, you are going to have an encounter with someone motivated by an evil intention.

Read on so that you don’t lose money or surrender your account to evil doers.

2 – Paypal Money Adder Scam

This is a cheap and newer scam business targeting naive and somewhat lazy Paypal users who want a quick way to get money sent to their accounts. I have seen beginners in blogging get attracted to this which is a shame to mention.

This fake businesses are going to ask for your valid Paypal account email. They promise to send Free Paypal Money to your account without delay. In order to appear genuine, they will not require your Paypal password. That way, you will feel secured and easily submit your email.

The Paypal Money Adder is a piece of software (Web based on desktop) developed with the main intentions to:

The software versions are even more dangerous because once installed, they may deposit spywares or a piece of app on your computer that runs as a service to monitor and capture your sensitive data to a remote destination.

I wrote a post on these Paypal money adder scams with some interesting details on how they function and what they possibly do with your email.

Victims of Paypal Money Adders are always bloggers and people who want to make money online but don’t want to invest and establish a sustainable business.

They promise to send Free Paypal Money to your account without delay. #paypalscam Click To Tweet

2 – Phishing Scam

Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details. It is done by disguising oneself as a trustworthy entity in an electronic communication” – Wikipedia

The second step after the scammers have had your Paypal email address. By using a fake software (or any other means) is generally a Phishing scheme.

You’ll soon start receiving emails from these scammers asking you to login to your Paypal account and change your password.

If you are not careful, you may become a victim. The reason is that the emails you get sent are a clean copy of similar mails from Paypal.

The second step after the scammers have had your Paypal email address. By using a fake software (or any other means) is generally a Phishing scheme. #paypalscam Click To Tweet

Here are Few Tips to Help You Identify Paypal Phishing Emails:

Now, you should never submit your Paypal login data to any website whose domain name is not the official Paypal domain.

If the Reply-to email is not attached to a valid Paypal domain name, don't even reply. #avoidpaypalscam Click To Tweet

What if You Already Lost Money to These Scammers?

One of the most exciting things about Paypal for merchants is their seller protection policy. If you think that a transaction is unauthorized, just submit a refund and decline it.

Hence, as the scammers won’t be able to provide any solid proof of business with you, your money will be refunded. Make sure your refund request is done within 60 days.

One of the most exciting things about Paypal for merchants is their seller protection policy. #paypal Click To Tweet

In Conclusion of Paypal Scams

I’m happy to have shared this here with you. If you’ve had any experiences with these bad business models (Or you just want to add to it), drop a comment let me know.

Lastly, kindly share on social media to get the word out.

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