Online purchase scams identified as riskiest scam by Better Business Bureau koaa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koaa.com Daily Mail and Mail on Sunday newspapers.
Consumer Reports: Be careful when using peer-to-peer payment apps
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PHILADELPHIA (WPVI) Peer-to-peer payment apps make paying for things a breeze. But there is a catch that users should be aware of.
Many do not offer the same level of protection against scams that most credit cards do, making them targets for online scammers.
Consumer Reports revealed the warning signs and what you can do to make sure you do not fall victim.
Daniela Rivera found a Goldendoodle up for adoption on Instagram. It was like love at first sight. He was so, so cute, she said.
New BBB report shows 25% increase in scams due to pandemic
Annual Scam Tracker risk report reveals 1 in 2 reported scams noted financial loss
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More than 46,000 scams nationwide were reported to the Better Business Bureau Scam Tracker in 2020.
At the end of the year, the BBB looks at the numbers, amount of money lost, types of scams and more to find new trends. This year, the annual risk report shows trends influenced by the COVID-19 pandemic.
“The pandemic is the perfect storm when you think about,” said Julie Wheeler, president and CEO of BBB Serving Western Virginia.
From the large demand of PPE and vaccine sign-up or simply people adjusting to online everything, scammers took advantage of it all.
What you don t know about cash apps like Venmo, Zelle & Cash App
Most people think they re like a bank account and you can be refunded your money, but there are no protections. Author: Tanya Rivera, Consumer Reports Published: 3:28 PM EST March 9, 2021 Updated: 7:11 PM EST March 9, 2021
Peer-to-peer payment apps like Venmo and Zelle, Cash App, Apple Pay, and Google Pay make splitting a dinner bill or rent easy. But there’s a catch: Many of these apps don’t offer the same level of protection against scams that most credit cards do, making them the perfect payment method for online scammers to take advantage of.
Risks of using a P2P payment app fox6now.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox6now.com Daily Mail and Mail on Sunday newspapers.