How to Avoid Getting Scammed via PayPal Phone Verificationīy now, you’ve most likely made an idea of how this works and how to avoid it, but I’ll mention it anyway, just in case. While PayPal or your bank might eventually be able to help you recover your money, it definitely isn’t something worth your time, stress and effort. That if he won’t go as far as even max out your bank creditcard that’s attached to your PayPal account, so this is extremely serious. However, if you go through with it in our account theft PayPal scam scenario, once you input the 4-digit code the scammer provided you, he’ll have the new password of your account, and will log into it and transfer all of your money to his account, or any other ghost account. This is of course not what PayPal had in mind when they implemented this, as naturally, if you are trying to reset your own password, you’d see the code on the screen, then your phone would ring, and you’d just input that code and that’s it, your password is reset. One of the Forgotten Password options is “Have us call you”, which will show you (or anyone else with your PayPal mail) a 4-digit code on the screen, folloed by an automated phone call from +1 40, to which a robot will prompt you for the 4-digit code, the same code that the scammer will provide you as the “confirmation code” to receiving the money. That 4-digit “transaction confirmation” code is actually the PayPal reset form code that you get when you forget your PayPal password and reset it via their website. Seems legit, no? Well, no, and here’s why. Once he has your PayPal mail, he’ll make something up that he’s “transferring the money” into your account, but since the amount is too big, or since his PayPal is “the company’s account” or any other random yet apparently legit reason, you’ll receive a phone call from PayPal (number being +1 40, Nebraska, US) to verify the transaction with a 4-digit code, which the scammer will provide to you. He might also just flat out volunteer to give you something extra “for the hassle”, and will naturally accept to pay it as a PayPal gift, since he has literally nothing to lose (but you don’t know that yet). Say you agree on a price and what not, the scammer will then proceed to make something up that he can’t pay through the actual website where you’re selling your thing or even your own website if you’re running a Checkout form, and will ask for your PayPal mail to send it directly to you. Assuming you’re running an online business, or selling something, the scammer will make contact with you, pretend he’s interested in it and might even haggle over the price a bit to seem legit, or just flat out make a very generous offer in the hopes of distracting you from paying attention. So the PayPal scam attempt starts like this. What to do in the Event of Getting Your PayPal Account Stolen.How to Avoid Getting Scammed via PayPal Phone Verification.
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