Scams online are not new and paypal scams have been ever since the creation of the service. I’ve read horror stories of people been scammed before but this is the first time I’m experiencing it. It was so fast and furious…this post hopes to help you to avoid horrors like mine.
Recently, I had cause to do a small, fast business deal with a person I met in a forum. I didn’t know this person nor did I do my due diligence. My emotional part got the better of me and I went into a business deal that I would forever remember all through my business life.
The problem was, I wasn’t suspecting anything since I know that logically, the person who owns the paypal funds has more control on the transaction in any wise…I wished that was true but it wasn’t.
From my experience, there’s a loophole (legal) which this scammers use. I’ll talk about it later.
Long story short, we went into the deal, I was supposed to first send $25 and expect the other person’s end of the deal after which if successful, I’ll send the other $25. Little did I know that I was playing the scammer’s game.
Like I said earlier, the emotional part of my brain set in, trusted the unknown person, believed him and made irrational decisions…one that I still feel till now.
First mistake was, I sent in the full payment of $50 expecting him to fulfill his end…one thing of note though is the fact that the guy kept saying “send it as a gift”. Send it as a gift. I got suspicious but I wasn’t thinking straight. I asked him why sending it as a gift was so important and he gave me very logical reasons…wish I was thinking!
Second horror was paypal for whatever reason double charged my account! I can’t still explain this till date. My account was charged with $50 twice in succession and bam!!! My money was gone!!! Immediately the guy confirmed the payment, He disappeared and till date, I’ve not smelt him.
Now, knowing/thinking that I had control of the funds, I decided to open a paypal dispute and the revelation dawned on me! Paypal said since I sent the money as a gift, I couldn’t lay claims to it! That obviously was the loophole the scammer used on me. He understood that clause on paypal’s term of service and exploited my innocence/ignorance/stupidity/illogical decision.
Note- A buddy on warriorforum.com also called my attention to the fact that sending monies as “services” also means you can charge back or open a dispute since paypal cannot quantity the “service(s)”
That said, here are the lessons learn’t
1. Never allow emotion to cloud your logical judgment! Never ever!
2. Read the fine print of any agreement you’re getting into. This is very important. I didn’t read paypal’s fine print and that has cost me $100
3. Never deal with a stranger without proper researching of his personality. Don’t forget this.
4. Trusting people is good but trusting a complete stranger over the internet with valuables like money is not good business sense.
5. Never the repeat the same mistake! Only a mad person does the same thing and expect a different result. Please don’t forget this.
Loosing my money to paypal scammers was bad and painful, really painful. I know $100 is tiny but I’ll have prefer it to charity than allow a scammer to get it. Many people need money and I could have helped. Loosing it in such a cruel way was/is still painful.
Paypal scammers are out there. They’re becoming wise everyday and doing everything they can to make sure that you and I part ways with monies we worked hard for. Be careful. Paypal scam is real. Paypal scammers are not sleeping. They are smart and cunning like a snake. Be careful!!!
P.S- if you loved this post and feel like sharing it with your loved ones to protect them from scams online, why not please share it on facebook, twitter, mail it to them and just get the words out. I’m sure it’ll help them get safer and smarter online.
Thanks and enjoy your day!