PayPal’s Warning About Scams: PayPal Micropayments UK

Monday, October 29th, 2018

Banking fraud and scams aren’t something new. As technology grows, cybercriminals develop more and more sophisticated techniques to “succeed.” This article will tell you about PayPal scams. Also, you’ll learn who can help you with credit card processing, including PayPal micropayments UK.

Payment Scams & Phishing: Secure PayPal Micropayments UK

Phishing is a growing cybercrime all over the world. It aims at stealing sensitive user data by mostly asking you to click on a malicious URL, which you’re likely to find legitimate. As a result, you send your data to the hacker, instead of using to your credit card agency, or PayPal.

When it comes to PayPal scams, the attacker will send you an email saying something is either wrong or needs verification on your account. Naturally, it’ll ask you to log in to fix. When you click on the link, it’ll redirect you to a phony PayPal login, which, in fact, collects your personal information.

PayPal warns people of ads that’re trying to use the PayPal website to complete transactions. Be aware that they’ll even send you a fake PayPal email stating your payment has been confirmed. Also, PayPal warns Craigslist users of fraudulent PayPal emails that may not address you by your full name. Besides, they may tell you the money is being held until you take some action.

Given payment processing fraud is evolving, it’s critical to work only with a reputable processor for online payment transactions. Best Payment Providers, a respectable payment processor comparison company in the UK, can help you get the best deal for your business.

Best Payment Providers checks every processor’s integration process and gives you the most honest snapshot of the company at the time of writing. You can be sure to completely rely on Best Payment Providers, no matter you’re interested in PayPal micropayments UK or any other issue concerning online credit card processing.

Fake Fraud Prevention Emails from PayPal

In July 2018, PayPal warned its users to be on the lookout for scam emails that could install malware on their computers. Such emails can even appear to be sent from the address “service@paypal.com.” The purpose was to encourage people to open an attached Word document laced with malware.

Unfortunately, this isn’t the only type of PayPal scams. You can come across variations of the scam as well, according to My Online Security.

The good news is that if you take a closer look, you’d notice some suspicious things. E.g., such messages usually begin with, “Greetings, dear Client! please! We noticed a lot of frauds performed by machinations with online services of the accounts of our clients.”

Beyond that, the punctuation, grammar, and the words chosen to write the message differ from what PayPal sends. Moreover, such emails are usually sent to more than one address via CC and not Bcc, so you can see the addresses. This isn’t typical of PayPal either.

Cybercrime is an evolving problem. To get the best protection from online fraud, work only with a respectable payment processor in the field.