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This digital wallet scam sends you money ‘by accident’ – Riverside, California

Riverside, California 2021-09-27 09:33:46 –

If someone suddenly sends you money, that’s probably an honest mistake, isn’t it? necessarily.

Tyler, Texas — Editor’s Note: The video above is from May 2021.

If someone suddenly sends you money, that’s probably an honest mistake, isn’t it? necessarily.When using Venmo Or another digital wallet, Zel Also Apple PayWatch out for this tech twist Classic scam..

You receive a message at Venmo.. “Oops! Can you send it back?” You check your balance history, and someone you don’t know just sent you hundreds of dollars. It must have been a mistake! After all, it’s easy to mistype a username. You might think you’re doing the right thing by returning the money, but don’t fall for it!

What’s happening here?according to Better business bureau (BBB), fraudsters connect stolen credit cards to Venmo Use them to send money to unsuspecting users. When you send money to a fraudster, the stolen credit card will be removed from your account and your card will be added in its place. Then the money you are sending goes to their personal card. Eventually, the stolen funds will be removed from your account and you will run out of that money.

This scam is just one of many of the disadvantages of using a digital wallet app, such as: PayPal, Venmo, Zel, When Apple Pay.. Keep in mind that unlike credit cards, many digital wallet vendors do not bear the cost of fraud. If you pay a scammer using a digital wallet, you may never get a refund.

Protect yourself from digital wallet scams

Follow these tips to protect yourself when paying with the money transfer app.

  • Use money transfers with friends: Protect yourself from fraud by simply sending the money transfer app to its intended purpose: someone you know personally.
  • If someone accidentally transfers money, ask them to cancel the transaction. The sender can request the vendor to cancel the transaction. If that person refuses, it’s probably a scam.
  • Enable additional security settings: Check your account settings to see if you can enable additional security measures such as multi-factor authentication, PIN request, use of fingerprint recognition, etc.
  • Link the money transfer app to your credit card. Like many other purchases, using a credit card helps protect you if you don’t receive the goods or services you paid for. Linking directly to your debit card or bank account does not provide additional protection.

This digital wallet scam sends you money ‘by accident’ Source link This digital wallet scam sends you money ‘by accident’

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