Black Sheep Armory Paypal (PayPal Email Scam)
PayPal and traditional credit card payments still have one thing in common: fraud. PayPal, like any other payment processor, is subject to an onslaught of scams and fraud attempts aimed at taking money from someone else’s pocket. Read through to get comprehensive information on Black Sheep Armory PayPal.
Black Sheep Armory PayPal Scam
Scammers may send sellers forged PayPal emails claiming that the scammer paid money into the seller’s account and that PayPal has placed a hold on the funds and will not release them until the seller sends a shipment tracking number.
PayPal does not actually hold funds in this manner. In order to receive the money, the scammer expects the seller to rush to ship the item and provide a tracking number.
It’s too late once they have shipped the item, the scammer will receive an item for which they never paid, and the seller will eventually realize that PayPal was never holding money for them.
More Information on Black Sheep Armory PayPal Scam
Because many sellers use the customer information from these emails to ship the item right away, a fake email could result in a legitimate product shipment.
Because this scam bypasses PayPal’s systems entirely, there is nothing PayPal can do to protect sellers from it.
PayPal Shipping Address Scams
Following a purchase and payment to the seller’s PayPal account, the scammer requests that the purchased item be shipped to an invalid delivery address.
The shipping company marks the item as undeliverable in their system after several failed delivery attempts. After that, the scammer contacts the shipping company and provides them with a new, valid shipping address.
After receiving their shipment, the scammer files a complaint with PayPal claiming that the item was never delivered. Because their transaction detail only shows the original, invalid address, the seller has no proof of delivery.
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PayPal Overpayment Scams
A scammer may occasionally make a payment to a seller’s PayPal account that exceeds the cost of the item being purchased. They will then contact the seller, explain that they overpaid, and request that the remaining balance be returned to them.
Following the seller’s return of the overpayment amount, the scammer files a complaint with PayPal, claiming that their account was compromised and that they never intended to send a payment to the seller.
PayPal reimburses the scammer for the full original payment, and even if the seller hasn’t shipped out the purchased item yet, they’ve lost the “overpaid” amount they sent back.
PayPal Fake Email Scams
Scammers may send sellers forged PayPal emails claiming that the scammer paid money into the seller’s account and that PayPal has placed a hold on the funds and will not release them until the seller sends a shipment tracking number.
PayPal does not actually hold funds in this manner. In order to receive the money, the scammer expects the seller to rush to ship the item and provide a tracking number.
It’s too late once they have shipped the item—the scammer will receive an item for which they never paid, and the seller will eventually realize that PayPal was never holding money for them.
PayPal Phishing Scams
Phishing scams can also target PayPal sellers. The seller may receive an email from PayPal showing that funds have been transferred into their account pending confirmation, along with a link or button to click to make the money available to them.
The link takes the seller to a bogus PayPal page that requests the seller’s login information.
If the seller enters their email and password into the fake site, the scammer will log in to the seller’s actual PayPal account and make payments or withdraw funds.
More Information on PayPal Phishing Scams
Traditional phishing scams have been around almost as long as email, promising millions of dollars for a small investment of time and money. These con artists are now preying on PayPal users.
These con artists will ask for a small fee for some sort of processing fee or documentation for large financial returns as lost inheritances or other found money.
Of course, they never intend to send you money and will simply take the smaller amount you sent. Although this scheme is fairly well known, millions of people fall victim to it each year.
Hacked PayPal Scams
When a scammer successfully hacks into someone else’s PayPal account (often through a phishing scam), they can use the money from the account they’ve taken over to make purchases and send payments.
A seller may receive notification of a purchase and ship an item, only to be told by PayPal that the transaction was fraudulent and must be reversed.
To protect themselves from purchases made with hacked accounts, PayPal merchants should ensure that they meet all of the Seller Protection Program.
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Fake PayPal Accounts
Some PayPal scams involve creating a new account and claiming it belongs to someone else. Fake charities, while not unique to PayPal, are a common scam, especially after widely publicized disasters.
Scammers set up a PayPal account and one or more social media pages claiming to be a charity organization dedicated to assisting disaster victims.
They then use paid advertising or bot accounts to spread posts encouraging people to donate from the fake charity account. The most difficult aspect of this scheme is that most people are unaware they have been duped.
How to Avoid PayPal Scams
Sellers can avoid PayPal scams by keeping an eye out for suspicious orders, enrolling in the Seller Protection Program, and practicing good cybersecurity.
Here are some additional tips to help you avoid falling victim to PayPal scams:
‣ Look for red flags before accepting a payment. Requests to expedite shipments, accept partial payments, or split payments among multiple PayPal accounts are all powerful indicators of fraudulent activity.
‣ Items with a high resale value or in high demand are appealing to fraudsters. Check shipping and billing addresses to ensure they match before shipping out particularly valuable items.
‣ Customers with valid credentials may also commit friendly fraud because of inexperience or impatience. When shipping high-value items, insist on delivery signature confirmation.
‣ If you sign up for PayPal’s Seller Protection Program, they will reimburse you for certain types of fraud.
‣ Customers who file disputes or claim fraud will be blocked. If no action is taken against them, fraudsters will frequently target the same seller multiple times.
‣ To ensure that an email from PayPal is legitimate, check the actual email address rather than the sender name. If in doubt, open a new tab and log in to your account to confirm the information.
‣ Ship purchases only to the address specified in the transaction details.
Conclusion
Lots of fraud happen because sellers don’t know the warning signs to watch out for. If you know what to look for, you can exercise caution and protect yourself from scammers, thieves, and hackers.
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