By 2023, the number of PayPal scams involving fake checks is expected to increase significantly. Scammers are increasingly taking advantage of the convenience and security that PayPal offers for money transfers.
One of the most common fake check scams is the “overpayment” scam. In this scam, the scammer will send a payment via PayPal for an item that is listed for sale, but they will make the payment for more than the listed price. The scammer will then request that the seller send back the excess money, usually via Western Union or MoneyGram. Of course, when the seller deposits the check, it will turn out to be fake.
Another scam is the “mystery shopping” scam. In this scam, the scammer will send a check to the seller and ask them to use it to purchase products from a different online store. The seller will then be asked to send the products to an address that is provided by the scammer. Again, when the seller deposits the check, it will turn out to be fake.
It is important for PayPal users to be aware of these scams and not to accept any payments from strangers. If you receive a suspicious payment, be sure to contact PayPal directly for help. Additionally, it is important to verify the identity of anyone who sends you a payment, and you should never send money via Western Union or MoneyGram to someone you do not know.