PayPal, beware of the scam: they can take away all your savings

There’s a new scam allegedly targeting PayPal users: here’s what you need to do to protect your account and prevent them from withdrawing all savings from cards and checking accounts associated with the wallet.

In recent years, PayPal has constantly renewed its offer to customers, completely transforming the account created by Elon Musk, Max Levchin, Peter Thiel, Luke Nosek and Ken Howery that found success thanks to eBay. For some time, in fact, it has been possible to choose the currencies to have in the account, much like it is already done for the Wise account.

PayPal has also opened up to cryptocurrency transactions, giving its customers the option to hold those with wider circulation. In addition, a credit card was also introduced with the possibility of holding a prepaid card, which instantly offers its holders the possibility of using cashback.

PayPal, the latest scam reported by the platform

PayPal access data should be considered extremely sensitive, precisely because our payment cards are connected to it, and in some cases even the current account. This has obviously caught the attention of scammers who have come up with several methods to steal PayPal login details and thus spend the money of scammed customers.

One of the classic emails you may receive is one in which a hacker posing as PayPal informs that there is a problem with their account. The communication therefore invites you to connect as soon as possible to your wallet via the link present on the e-mail. Of course, this is the easiest way to steal your login credentials.

Here are other methods hackers use to steal credentials

If you receive an email from PayPal, never click on any links in it. You can independently log in to your wallet to check if there really is a problem. Alternatively, you can also call customer support. Likewise, we should not give credit to anyone who writes to us claiming that we have won gifts or money.

Paypal has made available to its users a bank card with cashback in addition to the prepaid card (Instagram photo).

Some of the more sophisticated techniques for stealing PayPal login credentials include sending purchased merchandise on purpose to the wrong address or asking the customer to pay an extra amount with a plausible excuse. In addition, it is also worth paying attention to fake charities.

As of 2021, PayPal has also opened up to the possibility of holding bitcoins, ethereum and other cryptocurrencies in your wallet. Here is a simple explanation on how to use them: