If you receive a text message that looks like it’s from PayPal, beware! This is a new phishing PayPal Scam that’s going around, and it’s pretty convincing. The text message says that there’s been a problem with your PayPal account and that you must log in to fix it. There’s even a link included in the message. But, of course, the link doesn’t go to PayPal.com.
Instead, it goes to a fake website that’s designed to steal your PayPal login credentials. If you receive one of these texts, do not click the link! Just delete the message and move on. PayPal is aware of the scam and is working on a solution.
In the meantime, they’ve advised customers to be extra vigilant about any text messages or emails that purport to be from PayPal. If you’re ever unsure about a message, you can always log in to your PayPal account directly to check for any issues. To learn more about how this scam works, continue reading.
What is PayPal?
PayPal is a digital payment company that allows customers to make and receive payments online. The company operates in over 200 countries and has over 200 million active users.
It allows customers to send and receive money from anywhere in the world and offers a variety of features such as credit and debit card acceptance, mobile payments, and invoicing.
PayPal Scam Text Explained
PayPal scam text is a message that is typically sent out to users of the PayPal payment service. The message claims that the recipient’s account has been locked and that they need to provide personal information to unlock it.
The message often includes a link to a fake website that looks like the real PayPal website. The scammer then uses the information that the victim provides to gain access to their PayPal account and steal their money.
Get in touch with our affiliated Bitcoin Forensic Investigators at CNC Intelligence for free by filling out the form below.
PayPal has warned users about this scam in the past and advised them not to click on any links or provide any personal information if they receive this message. If you think you may have been a victim of this scam, you should contact PayPal immediately and report the incident.
Phishing and Smishing Scam
Smishing and Phishing scams are two of the most common online scams. Phishing involves fraudulent emails or websites that pose as legitimate businesses to trick people into giving up personal information such as passwords or credit card numbers.
Smishing is similar but uses text messages instead of emails. These scams are often very difficult to spot, as they can look very authentic.
The best way to protect yourself from these scams is to be very cautious about any emails or texts you receive that ask for personal information, and to only give out this information to websites or businesses that you trust. If you are ever unsure, you can always contact the company directly to verify the request.
How to Recognize Phishing Websites?
There are a few things to look for when identifying phishing websites. First, check the URL of the site. If it’s not an exact match for the site you’re trying to visit, it’s probably a phishing site. Second, look for typos or grammatical errors on the site.
These are usually signs that the site is not legitimate. Finally, be suspicious of any site that asks for personal information or financial information. If you’re not sure whether a site is legitimate, it’s best to err on the side of caution and walk away.
How to stay safe from PayPal Scam Text?
There are a few things you can do to stay safe from PayPal Scam Texts. First, make sure you are using a secure connection when logging into your PayPal account. Second, never click on links in emails from PayPal that you are not expecting.
If you are unsure about a link, you can always hover over it to see where it will take you. Finally, be sure to keep your PayPal account information up to date, including your email address and phone number. If you have any concerns about a PayPal email or link, you can always contact PayPal customer service for help.
Complaints
On June 20, 2023, the following complaint was filed with the BBB (Better Business Bureau) by a California, United States person, regarding a cryptocurrency scam:
A payment for an annual Bitcoin subscription has been accepted. If you dispute this charge, please call 818-214-2016. The payment is claimed to have been made via PayPal, but I found no such transaction in my PayPal account. I have no affiliation with Bitcoin.
The following information was reported regarding the scammer:
- Email: Navarroelmaleh@gmail.com
On September 21, 2023, we received the following complaint:
I didn’t fall for the scam, but I wanted everyone to be aware of it. I received an email with the following content. The email came from this address: P.P.Customer Care#879, amit956514@gmail.com:
Dear ,
Thankyou foryour order with PayPal. Your Order has been successfully placed.
We hope you are as excited as we are!
The charges will be shown soon in your recentactivity.
Product Details
Order Id : MJNWM-2CU7J-L7IQF157
Item Name : Bitcoin BTC
Order Date : September 20, 2023
Amount : $947.52
PaymentStatus : Successful
If you want to Cancel or claim a refund then please feel free to contact our Cancellation Department as soon as possible.
You can reach us on toll Free no. + 1 (8 0 3) – (4 0 2) – (3 0 9 6)
Regards,
Billing Department
The scammers’ phone number is: 803-402 (3096)
November 2023 Complaints
I was defrauded of $6,000 back in July of this year. The same group persists in attempting to trap me with their PayPal scams, pushing me to purchase cryptocurrency. To prevent further losses, I’ve had to alter all my banking information.
Here’s the email I sent PayPal:
Please forward this to your fraud department. This message is indicative of another PayPal scam. I have never used PayPal. This group has already cost me $6,000 this past summer, prompting me to change all my bank accounts at Chase. I am indifferent to the method, but I demand that these culprits be apprehended and charged to the full extent of the law.
PayPal Scam Text Conclusion
PayPal Scam Text is almost becoming a very common occurrence. Unfortunately, the authorities cannot end it anytime soon because of technological limitations.
However, this hustle can be eradicated if people know how phishing attacks work. In other words, the masses have to get enlightened and woke.
If you are a victim of online scams, please let us know by commenting below, and if you have lost a significant amount of money, do not lose hope. We can help you recover your funds!
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