Friday, November 21, 2014

Paypal Scammers At Work, Paypal Spoof. Retailers Watch Out.

FTC is informing about people getting stung by scammers spoofing PayPal. The scam basically target sellers, usually high value items. Once the product appears online, the scammer contacts seller offering to by the product, with one condition, he will pay only with Paypal. If you say I do not have Paypal, he/she offers to setup one. And sends the seller an email with a link. Don't fall victim to these people. Contact Paypal ( directly, if you need to get an account.
Here are the scenarios played out at FTC.
Scenario One: The buyer claims he can only pay via PayPal. Don’t have a PayPal account? No problem, he says. He’ll send you an email with a link so you can set one up.
What should you do? Don’t take the bait. The link will send you to a website masquerading as PayPal. Any information you enter will be collected by the bogus buyer, and may be used to commit fraud. If you need to set up an account, go directly to
Scenario Two: “Check your email!” The buyer claims he has sent payment to your PayPal account with additional funds so you can ship the merchandise ASAP, but oops, he sent too much money. He asks you to return the extra money via a money wiring service. It’s all a lie, including the extra money the buyer says he included.
What should you do? Log into your PayPal account. Make sure you’ve been paid before you ship. Never follow links in emails from people you don’t know. The safest approach is to open a browser window, navigate to, and log in yourself. Also, if the buyer claims to have sent extra money, and asks for some back, that’s a big red flag.
Scenario Three: The buyer sends you real money through a real PayPal account, and you ship him the car. Problem is, the PayPal account belongs to someone else! You might need to return the money even though the scammer has your wheels.
What now? Contact PayPal and ask them to open an investigation. The company offers seller protections so you aren’t liable for unauthorized transactions. Also file a complaint with the FTC and your local police department.
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