Beware of Ressuggent of PayPal Invoice Scams
Author: Adam Collins
Online scams come in many shapes and sizes, but one that’s making a comeback is the PayPal invoice scam. Scammers are once again using this tactic to target unsuspecting users by sending fraudulent invoices through PayPal itself, and they’ve even gotten creative with company names—like “MikroTik LLC,” and “Exceed in Coding LLC,” or ” Xero LLC”—to make their scams look legitimate.
How the Paypal Scam Works
The scam typically begins with an email or notification from PayPal. It’s a formal-looking invoice, often for a large amount, that appears to be an official request for payment. If you spot an invoice with an unusually high amount, it’s designed to alarm you and prompt you to act quickly.
In most cases, the fake invoice includes a phone number you’re urged to call if you have questions. But that’s where the trap lies: calling the number connects you with the scammer, who will then try to extract sensitive information from you—such as your account details, credit card information, or even Social Security number. With these details, scammers can access your accounts, make unauthorized purchases, or sell your information on the dark web.
Source: Reddit
Why Scammers Love This SMS/Text Scamming Technique
Scammers use PayPal invoice scams because they are simple but effective. Since PayPal is a trusted platform, many users won’t think twice before opening and reading a PayPal notification. Plus, a well-crafted fake invoice looks like any other legitimate request, which gives scammers a powerful edge.
How to Spot a Fake PayPal Invoice
- Check the Company Name: Names like “Exceed in Coding LLC” may not sound suspicious at first, but if you don’t recognize the company, it’s worth a second look.
- Watch for Unusually High Amounts: A sudden request for a large payment is often a red flag. Scammers use large sums to cause panic and get a fast response.
- Verify Before Calling: If you’re unsure about an invoice, don’t use the contact number provided. Instead, contact PayPal directly through their official website or app to verify its legitimacy.
How to Protect Yourself
- Don’t Rush: Scammers want you to act fast. Take a moment to think and double-check before taking any action.
- Never Share Personal Information: Legitimate companies will not ask for your sensitive information over the phone.
- Report Suspicious Invoices: If you receive a suspicious invoice, report it to PayPal to help protect other users from falling for the same scam.
PayPal invoice scams may look convincing, but by staying alert and double-checking any requests for payment, you can keep your information safe. Remember: if something feels off, it probably is!
Image Source: Unsplash.com
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