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Who doesn’t like receiving an unexpected windfall? This scam plays on emotion, sending you an email notification that you’ve won, inherited, or are entitled in some other way to receive a large sum of money from an unexpected source.

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Worse yet, some of these links may automatically download malware on your device. Once there, if you type in your PayPal login credentials, the scammers get that information and use it to gain access to your legitimate PayPal account. Unfortunately, the link in the scam email directs you to yet another pretend PayPal site. If you’re not careful, they can seem legitimate. All you need to do is click on the link to release the funds! These scams can even be convincing at times, with the email design looking very close to legitimate PayPal emails. In this scam, you’ll get an email telling you that you’ve received some money in your PayPal account. If you let yourself get excited, you might overlook telltale signs that a scam is fake, like dodgy email addresses or the odd grammar mistake in your communication with the scammer. Promising you the world is a common trend in PayPal scams. The offer will usually be an enticing proposition, like a big discount on a popular and expensive item.

If you click on the link and enter your login credentials, the scammers get access to your credentials and can drain your account. Just like other email scams, the link in the email directs you to a fake PayPal website. The email will tell you that all you have to do is log in to your PayPal account to verify a few details so you can claim that reward. With this scam, you receive an email offering a cash rebate or some other financial incentive. These scams are some of the most common social engineering attacks designed to gain access to your PayPal account. They now have everything they need to access your real PayPal account.

When you enter your login credentials on the imposter site, the data is immediately transferred to the scammers. This email is bogus, and the link takes you to a spoofed PayPal website. Here’s an example of a common PayPal phishing email: The email will also include a link and a request that you click on it to log into your PayPal account. You may receive a phishing email claiming that there is an issue with your PayPal account. The “problem with your account” scamĮmail is a scammer’s preferred method of stealing your money. Here are the most common PayPal scams to watch out for in 2023. This is what’s known as a “phishing scam.”īut there’s more to the scams than just a fake Paypal website. If you submit personal information on a spoofing website, the scammers record your information and then use it to access your account on the legitimate PayPal website. Scams often involve spoofing websites, or websites designed to look like PayPal. If you learn how fraudsters usually operate on PayPal, you’ll be better protected if they ever target you. Scams may differ per platform, so popular scams on Facebook and Instagram aren’t necessarily the same as on PayPal. There are endless ways for scammers to try and separate you from your money. Over 400 million users make billions of transactions each year via Paypal.

11 Most Common PayPal Scams to Look Out For

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Instead, fraudsters target individuals who use PayPal.įor this reason, it’s important to understand the most common types of PayPal scams and how to avoid them. But given the company’s resources, hackers are less likely to try and breach Paypal’s security system. PayPal is a giant in online payment processing, making it an appealing target for fraudsters looking for an easy payday. And our go-to recommendation is 1Password:

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A password manager can help you secure your account against scammers. Never rely solely on the information provided in an email.Īnd if you suspect yourself of getting scammed, make sure to change your password. Always use the PayPal website to review your transactions or contact the company.

To protect yourself from PayPal phishing attacks and shipping scams, we recommend you be extra critical of PayPal emails and links.

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Hackers use a hacked PayPal account to pay for an item so they can file for a full refund.

Scammers use fake shipping addresses, bogus shipping labels, and other strategies to send goods to untraceable destinations.

Fraudsters claim you are entitled to a large sum of money, only to ask for an”advance payment.”.

Hackers trick you into logging into a fake PayPal site.

The most common PayPal scams of 2023 include the following: Scammers prey on unwary PayPal users to steal goods and money in a number of creative ways. As one of the largest online payment processors in the world, PayPal is a huge target for scammers.