Phone pay fraud has become an increasing problem recently, with the number of reported incidents on the rise.
If you have ever used your credit card online or called tech support to fix your computer, then you’ve probably had someone ask you to call them back at an 800-number or provided you with one to pay with your credit card.
This can be a dangerous scenario, especially if it’s an overseas company that you are dealing with and they require your credit card information to complete the transaction.
Read this blog post to learn how to protect yourself from phone pay fraud!
Check the app store rating
If you’re using a phone pay app, it’s important to check the app store rating and reviews. If the rating is low or there are a lot of bad reviews, that could be an indication that something is wrong with the platform.
Do your research
For many people, phone pay is the only option for receiving their earnings. But, when it comes to online fraud, phone pay is just as vulnerable as any other form of payment.
Look for contact information
If you’re thinking about using an online froud platform in phone pay, keep these tips in mind before you send any money:
- 1. Never wire money through Western Union. It’s very difficult to trace the sender of a Western Union transfer and get your money back if there is an issue
- . 2. Avoid giving out your credit card information or Social Security number so that no one can steal your identity.
Beware of too-good-to-be-true deals
Be wary of too-good-to-be-true deals. A good rule of thumb is that if the deal seems too good to be true, it probably is. It’s best not to take any risks and not engage in any transactions with people you don’t know or recognize.
Even if they claim that the process is completely secure, never give out your personal information–it can lead to identity theft and other problems down the line.
Use a secure payment method
The best way to protect yourself is by always using a secure payment method such as a credit card, debit card, or PayPal. Never give out any personal information such as your social security number or account number.
You should always be cautious about clicking links in emails and never send cash through the mail. If you’re ever contacted by phone and asked for this information, hang up immediately.
Keep your personal information safe…
Never provide your personal information to anyone who contacts you via phone, email, or social media.
The best way to protect yourself is by not providing any type of personal information at all.
If you are contacted by someone and are unsure if they are real or not, verify their identity with their company through a phone call before giving them any information.
Monitor your account activity..
Check your account activity regularly and report any suspicious activity immediately. Report fake offers and messages you receive to the Federal Trade Commission at ftc.gov/complaint.
If you’re not sure if a message is real, contact the company directly and ask them what they want you to do.
If it’s not a legitimate offer, don’t reply or click any links in the message or open an attachment or download anything from it.
Report suspicious activity
If you are getting a call or message with any of the following, it may be a scam:
- 1. Claiming you owe money and threatening legal action if you don’t pay up.
- 2. Asking for your personal information like credit card, bank account numbers, social security number, etc.
- 3. Threatening arrest or deportation if you don’t act fast
- 4. Promising big rewards for complying with a few simple steps .
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