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Watch Out for This PayPal Text Message Scam

While new PayPal text message scams crop up almost every month, fraudsters sometimes revert back to tactics that have previously proved successful. A text message falsely warning that you’ve sent money to an unknown recipient via PayPal is doing the rounds once more, and if you follow the link provided to query this, you’ll end up handing over your financial details to a scammer.

PayPal scams are increasingly common

With the fintech giant the go-to system for making payments over the internet. Scammers frequently attempt to leverage the popularity of PayPal by sending imitation emails that claim to be from the company, and the same principle is regularly used via text messages.

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We explain what to watch out for with PayPal phone scams as well as other Paypal scams – but we’ll also show you what happens when you play along, so you can see how it works in practice.

  • How Paypal Text Message Scams Work
  • Playing Along With a PayPal Text Scam: What Happens
  • PayPal Text Scams: Common Tactics
  • Receiving Random PayPal Security Codes: Change Your Password
  • How PayPal Email Scams Work
  • How to Protect Yourself From PayPal Scams
  • Why Using Strong Passwords Is Crucial

How PayPal Text Scams Work

There are various kinds of PayPal text scams, but they all start with prospective victims receiving a message purporting to be from a PayPal number or email address.

Typically, the message will claim that some sort of “action” (such as a payment being sent, received, or failing) has taken place on your account. The scammers provide a link for you to click on to “check” the transaction. Here’s an example: